Hsbc Holdings PLC Buys New Shares in DigitalBridge Group, Inc. $DBRG

Hsbc Holdings PLC bought a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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 reporting period.

Other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its stake in shares of DigitalBridge Group by 305.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock worth $27,000 after buying an additional 1,326 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in DigitalBridge Group in the fourth quarter valued at approximately $31,000. Beaird Harris Wealth Management LLC purchased a new position in DigitalBridge Group in the fourth quarter worth approximately $31,000. Quarry LP grew its holdings in DigitalBridge Group by 1,467.2% during the 4th quarter. Quarry LP now owns 2,053 shares of the company’s stock worth $31,000 after acquiring an additional 1,922 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in DigitalBridge Group during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. Truist Financial assumed coverage on DigitalBridge Group in a report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 target price on the stock. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

DigitalBridge Group Price Performance

NYSE DBRG opened at $15.78 on Wednesday. The firm’s fifty day moving average price is $15.69 and its 200 day moving average price is $15.42. DigitalBridge Group, Inc. has a 12 month low of $8.94 and a 12 month high of $15.82. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 32.19 and a beta of 1.46.

DigitalBridge Group Dividend Announcement

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 given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. DigitalBridge Group’s dividend payout ratio is 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.