American Century Companies Inc. Has $530,000 Holdings in DigitalBridge Group, Inc. $DBRG

American Century Companies Inc. cut its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 68.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,055 shares of the company’s stock after selling 133,245 shares during the period. American Century Companies Inc.’s holdings in DigitalBridge Group were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its position in shares of DigitalBridge Group by 109.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company’s stock worth $31,000 after buying an additional 1,464 shares during the period. Point72 Hong Kong Ltd acquired a new position in DigitalBridge Group during the fourth quarter worth $39,000. GAMMA Investing LLC boosted its holdings in DigitalBridge Group by 978.9% during the first quarter. GAMMA Investing LLC now owns 4,445 shares of the company’s stock worth $39,000 after purchasing an additional 4,033 shares during the last quarter. Spire Wealth Management boosted its holdings in DigitalBridge Group by 91.1% during the first quarter. Spire Wealth Management now owns 6,208 shares of the company’s stock worth $55,000 after purchasing an additional 2,960 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in DigitalBridge Group by 187.3% during the first quarter. US Bancorp DE now owns 6,265 shares of the company’s stock worth $55,000 after purchasing an additional 4,084 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a research note on Friday. Keefe, Bruyette & Woods increased their price target on DigitalBridge Group from $10.50 to $11.00 and gave the company a “market perform” rating in a research report on Tuesday, August 12th. JMP Securities reissued a “market outperform” rating and issued a $16.00 price objective on shares of DigitalBridge Group in a report on Friday, May 16th. Finally, Truist Financial increased their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, DigitalBridge Group currently has a consensus rating of “Buy” and a consensus price target of $16.14.

DigitalBridge Group Stock Down 0.5%

Shares of DigitalBridge Group stock opened at $11.23 on Friday. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33. The company has a 50-day simple moving average of $10.91 and a two-hundred day simple moving average of $10.10. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -280.63 and a beta of 1.63.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.04 annualized dividend and a yield of 0.4%. DigitalBridge Group’s payout ratio is currently -100.00%.

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.