SG Americas Securities LLC Lowers Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

SG Americas Securities LLC lowered its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 57.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 18,582 shares of the company’s stock after selling 25,587 shares during the period. SG Americas Securities LLC’s holdings in DigitalBridge Group were worth $210,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DBRG. The Manufacturers Life Insurance Company raised its position in shares of DigitalBridge Group by 4.4% during the second quarter. The Manufacturers Life Insurance Company now owns 94,155 shares of the company’s stock valued at $1,290,000 after buying an additional 4,005 shares during the last quarter. Truist Financial Corp bought a new stake in DigitalBridge Group in the 2nd quarter valued at $476,000. Cetera Investment Advisers lifted its stake in DigitalBridge Group by 3.5% in the 2nd quarter. Cetera Investment Advisers now owns 81,447 shares of the company’s stock worth $1,116,000 after purchasing an additional 2,747 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of DigitalBridge Group by 34.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 46,600 shares of the company’s stock valued at $658,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Creative Planning grew its position in shares of DigitalBridge Group by 264.9% during the third quarter. Creative Planning now owns 68,036 shares of the company’s stock valued at $961,000 after purchasing an additional 49,392 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Raymond James dropped their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. JMP Securities began coverage on DigitalBridge Group in a research report on Monday, January 27th. They set an “outperform” rating and a $16.00 target price for the company. B. Riley reduced 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 report on Tuesday, January 7th. Wells Fargo & Company lowered their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $16.67.

DigitalBridge Group Trading Down 1.2 %

DigitalBridge Group stock opened at $10.78 on Friday. DigitalBridge Group, Inc. has a 12-month low of $10.24 and a 12-month high of $20.99. The firm has a 50-day moving average price of $11.39 and a 200-day moving average price of $12.84. The firm has a market capitalization of $1.88 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 2.97 and a beta of 1.91.

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.