Rockefeller Capital Management L.P. Grows Stock Holdings in DigitalBridge Group, Inc. $DBRG

Rockefeller Capital Management L.P. raised its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 23.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 438,598 shares of the company’s stock after purchasing an additional 83,786 shares during the quarter. Rockefeller Capital Management L.P. owned 0.24% of DigitalBridge Group worth $6,728,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DBRG. Corient Private Wealth LLC raised its position in shares of DigitalBridge Group by 52.1% during the 4th quarter. Corient Private Wealth LLC now owns 20,527 shares of the company’s stock valued at $314,000 after buying an additional 7,028 shares in the last quarter. Hsbc Holdings PLC purchased a new position in DigitalBridge Group in the fourth quarter worth about $18,366,000. Sentinel Dome Partners LLC bought a new stake in DigitalBridge Group during the fourth quarter worth approximately $2,372,000. Ovata Capital Management Ltd bought a new stake in DigitalBridge Group during the fourth quarter worth approximately $1,558,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in DigitalBridge Group during the fourth quarter valued at approximately $139,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DBRG has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of DigitalBridge Group in a research report on Friday, May 29th. Truist Financial initiated coverage on DigitalBridge Group in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price target for the company. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $16.00.

DigitalBridge Group Price Performance

Shares of NYSE:DBRG opened at $15.76 on Friday. DigitalBridge Group, Inc. has a 1 year low of $8.94 and a 1 year high of $15.80. The business has a 50 day simple moving average of $15.67 and a two-hundred day simple moving average of $15.34. The firm has a market capitalization of $2.87 billion, a PE ratio of 32.15 and a beta of 1.48.

DigitalBridge Group Announces Dividend

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

DigitalBridge Group 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.