Jones Financial Companies Lllp Increases Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Jones Financial Companies Lllp lifted its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 41.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,316 shares of the company’s stock after buying an additional 3,316 shares during the quarter. Jones Financial Companies Lllp’s holdings in DigitalBridge Group were worth $128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in DigitalBridge Group during the third quarter worth about $34,000. Spire Wealth Management bought a new stake in DigitalBridge Group during the fourth quarter worth about $37,000. Manchester Capital Management LLC boosted its stake in DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock worth $49,000 after acquiring an additional 2,765 shares in the last quarter. KBC Group NV boosted its stake in DigitalBridge Group by 49.3% during the fourth quarter. KBC Group NV now owns 8,326 shares of the company’s stock worth $94,000 after acquiring an additional 2,750 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in DigitalBridge Group by 164.0% during the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock worth $112,000 after acquiring an additional 6,153 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on DBRG shares. Truist Financial dropped their price objective 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. JMP Securities began coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price on the stock. Keefe, Bruyette & Woods dropped their target price 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. B. Riley dropped their target price 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. Finally, Citizens Jmp upgraded shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. One 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. Based on data from MarketBeat.com, DigitalBridge Group has a consensus rating of “Buy” and a consensus price target of $16.61.

DigitalBridge Group Stock Up 3.6 %

Shares of DigitalBridge Group stock opened at $9.55 on Friday. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 318.17, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91. The company’s 50 day moving average is $10.75 and its 200 day moving average is $12.41. DigitalBridge Group, Inc. has a twelve month low of $8.95 and a twelve month high of $19.49.

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

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.42%. DigitalBridge Group’s dividend payout ratio is currently 133.33%.

DigitalBridge Group 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.