Mirae Asset Global Investments Co. Ltd. Trims Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 25.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,411 shares of the company’s stock after selling 4,520 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in DigitalBridge Group were worth $150,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in DigitalBridge Group by 24.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company’s stock worth $19,281,000 after acquiring an additional 271,853 shares during the period. Geode Capital Management LLC raised its holdings 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in DigitalBridge Group by 101.9% during 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 valued at $4,445,000 after purchasing an additional 158,790 shares in the last quarter. Horizon Kinetics Asset Management LLC bought a new stake in DigitalBridge Group during the third quarter valued at about $6,538,000. Finally, Rockefeller Capital Management L.P. grew its holdings 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 purchasing an additional 119,922 shares during the period. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG opened at $10.23 on Friday. The firm’s fifty day moving average is $11.18 and its two-hundred day moving average is $12.73. DigitalBridge Group, Inc. has a 52-week low of $10.18 and a 52-week high of $20.79. The company has a market cap of $1.78 billion, a P/E ratio of 14.01, a P/E/G ratio of 2.95 and a beta of 1.91.

Analysts Set New Price Targets

DBRG has been the topic of several recent research reports. JMP Securities began coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective on the stock. Truist Financial decreased their target price 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. Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. decreased their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Raymond James dropped their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a report on Tuesday, November 5th. 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. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $16.67.

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.