Northwestern Mutual Wealth Management Co. Acquires 127,183 Shares of DigitalBridge Group, Inc. $DBRG

Northwestern Mutual Wealth Management Co. lifted its holdings in DigitalBridge Group, Inc. (NYSE:DBRG) by 3,788.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 130,540 shares of the company’s stock after purchasing an additional 127,183 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.07% of DigitalBridge Group worth $2,002,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DBRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of DigitalBridge Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,556 shares of the company’s stock worth $834,000 after purchasing an additional 4,122 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of DigitalBridge Group by 45.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,225,993 shares of the company’s stock worth $19,633,000 after purchasing an additional 693,613 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of DigitalBridge Group by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 392,094 shares of the company’s stock worth $3,458,000 after purchasing an additional 21,930 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of DigitalBridge Group by 12.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after purchasing an additional 1,309 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of DigitalBridge Group by 39.1% in the 2nd quarter. Cetera Investment Advisers now owns 21,360 shares of the company’s stock worth $221,000 after purchasing an additional 6,000 shares during the period. Institutional investors own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

DBRG has been the topic of several recent research reports. Weiss Ratings upgraded shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Raymond James Financial cut shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research note on Tuesday, January 27th. Finally, Truist Financial initiated coverage on shares of DigitalBridge Group in a research note on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, DigitalBridge Group presently has an average rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Trading Down 0.1%

DigitalBridge Group stock opened at $15.69 on Wednesday. The firm has a 50 day moving average of $15.54 and a 200 day moving average of $14.45. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 32.02 and a beta of 1.49. DigitalBridge Group, Inc. has a 12-month low of $8.94 and a 12-month high of $15.72.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 30th. DigitalBridge Group’s dividend payout ratio is currently 8.16%.

DigitalBridge Group Company Profile

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.