Swiss National Bank Boosts Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Swiss National Bank lifted its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 341,625 shares of the company’s stock after buying an additional 2,700 shares during the quarter. Swiss National Bank’s holdings in DigitalBridge Group were worth $3,854,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DBRG. Geode Capital Management LLC lifted its stake in DigitalBridge Group by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock worth $58,895,000 after purchasing an additional 317,776 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of DigitalBridge Group by 101.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 314,557 shares of the company’s stock worth $4,445,000 after buying an additional 158,790 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in DigitalBridge Group by 482.6% during the third quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company’s stock valued at $2,046,000 after buying an additional 119,922 shares during the period. Holocene Advisors LP purchased a new position in DigitalBridge Group during the third quarter worth about $3,466,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of DigitalBridge Group by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company’s stock valued at $34,186,000 after acquiring an additional 99,891 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Stock Down 1.9 %

NYSE DBRG opened at $9.27 on Wednesday. The company has a 50-day simple moving average of $10.57 and a two-hundred day simple moving average of $12.28. DigitalBridge Group, Inc. has a 12-month low of $8.95 and a 12-month high of $19.49. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 309.00, a PEG ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG) last issued its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The company had revenue of $101.55 million during the quarter, compared to analysts’ expectations of $93.01 million. Equities analysts expect that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Monday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DBRG. Keefe, Bruyette & Woods decreased 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 report on Wednesday, February 26th. JPMorgan Chase & Co. cut their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Wells Fargo & Company raised 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. JMP Securities began coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They set an “outperform” rating and a $16.00 price objective for the company. Finally, B. Riley lowered their price target on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $16.39.

About DigitalBridge Group

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.