Charles Schwab Investment Management Inc. Increases Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Charles Schwab Investment Management Inc. increased its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,030,657 shares of the company’s stock after purchasing an additional 99,891 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in DigitalBridge Group were worth $34,186,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in DigitalBridge Group in the 3rd quarter valued at about $34,000. Stoneridge Investment Partners LLC grew its stake in DigitalBridge Group by 22.5% in the 4th quarter. Stoneridge Investment Partners LLC now owns 13,116 shares of the company’s stock valued at $148,000 after acquiring an additional 2,408 shares during the last quarter. KBC Group NV grew its stake 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 acquiring an additional 2,750 shares during the last quarter. Manchester Capital Management LLC grew its stake in DigitalBridge Group by 172.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after acquiring an additional 2,765 shares during the last quarter. Finally, Atria Investments Inc grew its stake in DigitalBridge Group by 27.3% in the 3rd quarter. Atria Investments Inc now owns 13,569 shares of the company’s stock valued at $192,000 after acquiring an additional 2,913 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DBRG. Wells Fargo & Company increased their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods lowered their price objective on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating on the stock in a research note on Wednesday, February 26th. Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. Truist Financial decreased their price target on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Finally, B. Riley decreased their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, DigitalBridge Group currently has an average rating of “Buy” and an average price target of $16.61.

DigitalBridge Group Stock Performance

DigitalBridge Group stock opened at $9.55 on Monday. DigitalBridge Group, Inc. has a 1 year low of $8.95 and a 1 year high of $19.49. The firm has a 50 day moving average price of $10.75 and a 200 day moving average price of $12.41. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 318.17, a PEG ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last released its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $93.01 million. Sell-side analysts predict 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 will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.01 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.42%. DigitalBridge Group’s payout ratio is 133.33%.

DigitalBridge Group Company 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.