Tudor Investment Corp ET AL Trims Holdings in DigitalBridge Group, Inc. $DBRG

Tudor Investment Corp ET AL decreased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 22.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 320,062 shares of the company’s stock after selling 90,292 shares during the quarter. Tudor Investment Corp ET AL’s holdings in DigitalBridge Group were worth $3,745,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in DigitalBridge Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,556 shares of the company’s stock valued at $834,000 after acquiring an additional 4,122 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of DigitalBridge Group by 45.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,225,993 shares of the company’s stock valued at $19,633,000 after acquiring an additional 693,613 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of DigitalBridge Group by 5.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 392,094 shares of the company’s stock worth $3,458,000 after acquiring an additional 21,930 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of DigitalBridge Group by 12.5% in the second quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after acquiring an additional 1,309 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its holdings in shares of DigitalBridge Group by 9.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 37,042 shares of the company’s stock worth $383,000 after purchasing an additional 3,200 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG opened at $15.39 on Friday. The company has a market capitalization of $2.82 billion, a PE ratio of 34.19 and a beta of 1.67. The company’s fifty day moving average price is $15.40 and its 200 day moving average price is $13.42. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $15.55.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 31st. DigitalBridge Group’s dividend payout ratio is presently 8.89%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citizens Jmp lowered shares of DigitalBridge Group from a “market outperform” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Monday, December 29th. B. Riley Financial lowered DigitalBridge Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $20.00 to $16.00 in a research note on Tuesday, December 30th. Weiss Ratings raised DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Royal Bank Of Canada lowered DigitalBridge Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $23.00 to $16.00 in a report on Tuesday, December 30th. Finally, Raymond James Financial cut DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.00.

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.