Xponance Inc. Has $132,000 Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Xponance Inc. increased its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,725 shares of the company’s stock after purchasing an additional 1,321 shares during the period. Xponance Inc.’s holdings in DigitalBridge Group were worth $132,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DBRG. Spire Wealth Management acquired a new position in DigitalBridge Group in the 4th quarter valued at $37,000. Manchester Capital Management LLC grew its position in shares of DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after purchasing an additional 2,765 shares during the last quarter. KBC Group NV increased its stake in shares of DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company’s stock worth $94,000 after purchasing an additional 2,750 shares during the period. Blue Trust Inc. lifted its position in shares of DigitalBridge Group by 164.0% during the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock worth $112,000 after purchasing an additional 6,153 shares during the last quarter. Finally, one8zero8 LLC bought a new stake in DigitalBridge Group during the 4th quarter valued at approximately $122,000. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $8.88 on Friday. The firm has a market capitalization of $1.55 billion, a P/E ratio of 295.83, a P/E/G ratio of 3.46 and a beta of 1.91. The stock has a fifty day moving average price of $10.45 and a two-hundred day moving average price of $12.22. DigitalBridge Group, Inc. has a 52-week low of $8.78 and a 52-week high of $19.49.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.11 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 for the quarter, compared to analyst estimates of $93.01 million. On average, equities research analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Monday, March 31st. DigitalBridge Group’s dividend payout ratio is currently 133.33%.

Analyst Ratings Changes

A number of research analysts have recently commented on DBRG shares. JPMorgan Chase & Co. cut their price target on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. JMP Securities assumed coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 price target for the company. Truist Financial dropped their price objective on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Keefe, Bruyette & Woods reduced their target price on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company boosted their price target on DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price 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.