Hsbc Holdings PLC bought a new position in shares of DigitalBridge Group, Inc. (NYSE:DBRG – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,199,608 shares of the company’s stock, valued at approximately $18,366,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DBRG. Steward Partners Investment Advisory LLC increased its position in DigitalBridge Group by 305.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock valued at $27,000 after acquiring an additional 1,326 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in DigitalBridge Group during the 4th quarter worth approximately $31,000. Beaird Harris Wealth Management LLC purchased a new position in shares of DigitalBridge Group in the 4th quarter valued at approximately $31,000. Quarry LP increased its holdings in shares of DigitalBridge Group by 1,467.2% in the fourth quarter. Quarry LP now owns 2,053 shares of the company’s stock valued at $31,000 after purchasing an additional 1,922 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of DigitalBridge Group during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 92.69% of the company’s stock.
DigitalBridge Group Trading Down 0.0%
DBRG stock opened at $15.78 on Wednesday. The company’s 50-day moving average price is $15.69 and its 200 day moving average price is $15.42. DigitalBridge Group, Inc. has a 52 week low of $8.94 and a 52 week high of $15.82. The company has a market cap of $2.88 billion, a P/E ratio of 32.19 and a beta of 1.46.
DigitalBridge Group Announces Dividend
Analysts Set New Price Targets
A number of research firms recently weighed in on DBRG. Truist Financial started coverage on shares of DigitalBridge Group in a research report on Tuesday, March 31st. They issued a “buy” rating and a $16.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of DigitalBridge Group in a research note on Friday, May 29th. One research 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, the company has a consensus rating of “Hold” and an average target price of $16.00.
Read Our Latest Stock Report on DigitalBridge Group
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.
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