DigitalBridge Group, Inc. (NYSE:DBRG) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 96.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,694 shares of the company's stock after selling 4,544,918 shares during the period. Alliancebernstein L.P. owned about 0.10% of DigitalBridge Group worth $2,061,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Spire Wealth Management purchased a new position in shares of DigitalBridge Group during the 4th quarter valued at approximately $37,000. Manchester Capital Management LLC grew its position in shares of DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after purchasing an additional 2,765 shares in the last quarter. Meeder Asset Management Inc. lifted its position in DigitalBridge Group by 114.0% during the fourth quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after buying an additional 2,710 shares in the last quarter. KBC Group NV grew its holdings in DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after buying an additional 2,750 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of DigitalBridge Group by 164.0% during the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock worth $112,000 after acquiring an additional 6,153 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

DigitalBridge Group Price Performance

Shares of DBRG stock traded up $0.21 on Tuesday, hitting $8.10. The stock had a trading volume of 1,827,417 shares, compared to its average volume of 2,558,871. The company's 50 day moving average price is $9.29 and its 200-day moving average price is $11.39. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $17.72. The firm has a market capitalization of $1.41 billion, a P/E ratio of 270.07, a P/E/G ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The company had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. On average, equities analysts forecast that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.49%. DigitalBridge Group's dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DBRG. Wells Fargo & Company raised their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered their price objective on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. B. Riley lowered their price target on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Finally, JMP Securities assumed coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an "outperform" rating and a $16.00 price objective on the stock. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $16.39.

DigitalBridge Group Profile

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets. They provide services to institutional investors. They primarily invest in data centers, cell towers, fiber networks, small cells, and edge infrastructure. DigitalBridge Group, Inc was founded in 1991 and is headquartered in Boca Raton, Florida with additional offices in Los Angles, California, and New York New York.