XTX Topco Ltd purchased a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 35,913 shares of the company's stock, valued at approximately $405,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its position in DigitalBridge Group by 364.3% during the third quarter. Barclays PLC now owns 268,326 shares of the company's stock valued at $3,792,000 after purchasing an additional 210,533 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of DigitalBridge Group by 22.8% in the 3rd quarter. Tidal Investments LLC now owns 99,995 shares of the company's stock valued at $1,413,000 after buying an additional 18,536 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of DigitalBridge Group by 33.6% in the 3rd quarter. Franklin Resources Inc. now owns 180,369 shares of the company's stock valued at $2,792,000 after buying an additional 45,333 shares during the last quarter. Nordea Investment Management AB increased its holdings in DigitalBridge Group by 6.1% during the fourth quarter. Nordea Investment Management AB now owns 273,609 shares of the company's stock worth $3,114,000 after buying an additional 15,830 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in DigitalBridge Group by 17.9% during the fourth quarter. Fulton Bank N.A. now owns 33,442 shares of the company's stock worth $377,000 after acquiring an additional 5,070 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
DBRG has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. cut 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. Keefe, Bruyette & Woods reduced their target price on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating for the company in a research note on Wednesday, February 26th. Finally, JMP Securities started coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an "outperform" rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $16.39.
Check Out Our Latest Report on DBRG
DigitalBridge Group Stock Performance
Shares of DBRG stock traded up $0.08 on Friday, hitting $8.48. The company's stock had a trading volume of 1,691,292 shares, compared to its average volume of 2,561,426. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $17.36. The company has a market capitalization of $1.48 billion, a PE ratio of 282.67, a PEG ratio of 3.46 and a beta of 1.68. The stock's 50 day moving average is $9.21 and its 200-day moving average is $11.32.
DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its 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 firm had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. On average, research analysts forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.
DigitalBridge Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders 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 annualized dividend and a yield of 0.47%. DigitalBridge Group's dividend payout ratio is presently 133.33%.
DigitalBridge Group Company Profile
(
Free Report)
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.
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