SG Americas Securities LLC Increases Position in DigitalBridge Group, Inc. (NYSE:DBRG)

SG Americas Securities LLC grew its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 73.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,301 shares of the company’s stock after purchasing an additional 13,719 shares during the quarter. SG Americas Securities LLC’s holdings in DigitalBridge Group were worth $285,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DBRG. Lazard Asset Management LLC increased its holdings in DigitalBridge Group by 384.5% in the fourth quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company’s stock valued at $37,753,000 after buying an additional 2,656,100 shares during the last quarter. Northern Trust Corp boosted its position in shares of DigitalBridge Group by 1.8% during the 4th quarter. Northern Trust Corp now owns 1,522,539 shares of the company’s stock worth $17,174,000 after acquiring an additional 26,930 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of DigitalBridge Group by 788.8% in the 4th quarter. Point72 Asset Management L.P. now owns 1,167,459 shares of the company’s stock valued at $13,169,000 after acquiring an additional 1,036,105 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of DigitalBridge Group by 17.7% during the 4th quarter. Ameriprise Financial Inc. now owns 662,109 shares of the company’s stock worth $7,469,000 after acquiring an additional 99,520 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of DigitalBridge Group by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company’s stock worth $34,186,000 after acquiring an additional 99,891 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Trading Down 0.8%

DBRG stock opened at $10.22 on Friday. The company has a market capitalization of $1.80 billion, a P/E ratio of 34.07, a PEG ratio of 1.17 and a beta of 1.72. The business has a 50 day simple moving average of $9.97 and a 200-day simple moving average of $10.15. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Monday, June 30th. DigitalBridge Group’s dividend payout ratio is currently 13.33%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DBRG. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price target on shares of DigitalBridge Group in a report on Friday, May 16th. Truist Financial boosted their price objective on shares of DigitalBridge Group from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Wall Street Zen cut shares of DigitalBridge Group from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Finally, Keefe, Bruyette & Woods cut their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.28.

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.