1,199,608 Shares in DigitalBridge Group, Inc. $DBRG Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,199,608 shares of the company’s stock, valued at approximately $18,366,000. Hsbc Holdings PLC owned approximately 0.66% of DigitalBridge Group at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position 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 in the last quarter. Pentwater Capital Management LP purchased a new stake in DigitalBridge Group in the 4th quarter worth $176,410,000. Portolan Capital Management LLC raised its position in DigitalBridge Group by 77.4% during the third quarter. Portolan Capital Management LLC now owns 5,468,226 shares of the company’s stock worth $63,978,000 after acquiring an additional 2,386,066 shares during the period. KRYGER CAPITAL Ltd purchased a new position in DigitalBridge Group during the fourth quarter valued at $75,234,000. Finally, New South Capital Management Inc. lifted its holdings in DigitalBridge Group by 21.0% during the fourth quarter. New South Capital Management Inc. now owns 4,571,797 shares of the company’s stock valued at $70,131,000 after purchasing an additional 794,434 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on DBRG shares. Truist Financial assumed coverage on shares of DigitalBridge Group in a research note on Tuesday, March 31st. They set a “buy” rating and a $16.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Trading Down 0.1%

NYSE:DBRG opened at $15.71 on Friday. The company has a market cap of $2.87 billion, a P/E ratio of 32.07 and a beta of 1.48. DigitalBridge Group, Inc. has a twelve month low of $8.94 and a twelve month high of $15.79. The company’s 50-day moving average price is $15.66 and its 200-day moving average price is $15.34.

DigitalBridge Group Dividend Announcement

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

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.