Allspring Global Investments Holdings LLC Decreases Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Allspring Global Investments Holdings LLC lowered its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,648 shares of the company’s stock after selling 27,377 shares during the period. Allspring Global Investments Holdings LLC’s holdings in DigitalBridge Group were worth $2,905,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. purchased a new stake in shares of DigitalBridge Group during the 4th quarter worth approximately $19,351,000. Vanguard Group Inc. increased its stake in shares of DigitalBridge Group by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 23,377,984 shares of the company’s stock worth $410,985,000 after purchasing an additional 83,381 shares during the last quarter. Raymond James & Associates increased its stake in shares of DigitalBridge Group by 311.5% during the 4th quarter. Raymond James & Associates now owns 469,647 shares of the company’s stock worth $8,238,000 after purchasing an additional 355,524 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of DigitalBridge Group during the 3rd quarter worth approximately $47,948,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of DigitalBridge Group by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,515,517 shares of the company’s stock worth $26,643,000 after purchasing an additional 33,936 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Up 0.1 %

DigitalBridge Group stock opened at $17.30 on Friday. DigitalBridge Group, Inc. has a 1-year low of $10.20 and a 1-year high of $20.99. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 35.31 and a beta of 1.91. The firm has a 50 day simple moving average of $18.64 and a 200 day simple moving average of $17.72.

DigitalBridge Group (NYSE:DBRG) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. DigitalBridge Group had a net margin of 12.33% and a return on equity of 2.39%. The business had revenue of $350.31 million during the quarter, compared to analyst estimates of $287.41 million. On average, equities research analysts forecast that DigitalBridge Group, Inc. will post 0.25 EPS for the current year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. DigitalBridge Group’s dividend payout ratio is 8.16%.

Analyst Ratings Changes

Separately, Truist Financial raised their price target on shares of DigitalBridge Group from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $22.08.

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.