Vontobel Holding Ltd. Purchases Shares of 16,199 DigitalBridge Group, Inc. (NYSE:DBRG)

Vontobel Holding Ltd. purchased a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,199 shares of the company’s stock, valued at approximately $284,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of DigitalBridge Group by 0.4% during the third quarter. Vanguard Group Inc. now owns 23,377,984 shares of the company’s stock valued at $410,985,000 after buying an additional 83,381 shares during the last quarter. New South Capital Management Inc. grew its stake in shares of DigitalBridge Group by 35.3% during the third quarter. New South Capital Management Inc. now owns 2,790,968 shares of the company’s stock valued at $49,065,000 after buying an additional 727,864 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of DigitalBridge Group during the third quarter valued at about $47,948,000. Invesco Ltd. grew its stake in shares of DigitalBridge Group by 12.6% during the third quarter. Invesco Ltd. now owns 2,066,017 shares of the company’s stock valued at $36,321,000 after buying an additional 231,265 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of DigitalBridge Group by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,515,517 shares of the company’s stock valued at $26,643,000 after buying an additional 33,936 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Price Performance

NYSE DBRG opened at $17.42 on Wednesday. The stock has a market capitalization of $2.85 billion, a PE ratio of 35.55 and a beta of 1.91. DigitalBridge Group, Inc. has a 1 year low of $10.20 and a 1 year high of $20.99. The business’s 50-day moving average is $18.54 and its 200 day moving average is $17.75.

DigitalBridge Group (NYSE:DBRG) last posted its earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. The company had revenue of $350.31 million for the quarter, compared to analysts’ expectations of $287.41 million. DigitalBridge Group had a return on equity of 2.39% and a net margin of 12.33%. As a group, equities research analysts anticipate that DigitalBridge Group, Inc. will post 0.25 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 annualized dividend and a yield of 0.23%. DigitalBridge Group’s payout ratio is 8.16%.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised their price objective on DigitalBridge Group from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $22.08.

About DigitalBridge Group

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.