DigitalBridge Group, Inc. $DBRG Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 159.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,110,592 shares of the company’s stock after purchasing an additional 1,910,984 shares during the quarter. Hsbc Holdings PLC’s holdings in DigitalBridge Group were worth $47,919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CIBRA Capital Ltd purchased a new stake in DigitalBridge Group during the 4th quarter worth approximately $2,006,000. Vanguard Group Inc. boosted its stake in shares of DigitalBridge Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock valued at $266,177,000 after buying an additional 116,360 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of DigitalBridge Group by 3,788.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 130,540 shares of the company’s stock worth $2,002,000 after buying an additional 127,183 shares in the last quarter. P Schoenfeld Asset Management LP bought a new stake in shares of DigitalBridge Group in the fourth quarter worth $2,608,000. Finally, Slotnik Capital LLC acquired a new stake in DigitalBridge Group in the fourth quarter valued at $4,142,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

Shares of DBRG opened at $15.81 on Tuesday. The business’s fifty day moving average price is $15.72 and its 200 day moving average price is $15.54. DigitalBridge Group, Inc. has a 12-month low of $8.94 and a 12-month high of $15.82. The stock has a market capitalization of $2.88 billion, a PE ratio of 32.26 and a beta of 1.46.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, June 30th. DigitalBridge Group’s dividend payout ratio is 8.16%.

Wall Street Analysts Forecast Growth

DBRG has been the subject of several recent analyst reports. Truist Financial assumed coverage on shares of DigitalBridge Group in a report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.00.

About DigitalBridge Group

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.