Atria Wealth Solutions Inc. Has $843,000 Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Atria Wealth Solutions Inc. reduced its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 5.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 48,069 shares of the company’s stock after selling 2,784 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in DigitalBridge Group were worth $843,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of DigitalBridge Group in the third quarter worth $71,000. CWM LLC lifted its position in DigitalBridge Group by 59.9% during the 4th quarter. CWM LLC now owns 8,371 shares of the company’s stock worth $147,000 after acquiring an additional 3,135 shares during the last quarter. Bfsg LLC bought a new stake in DigitalBridge Group during the fourth quarter valued at about $171,000. New York State Teachers Retirement System acquired a new stake in shares of DigitalBridge Group in the fourth quarter valued at about $175,000. Finally, Pathstone Family Office LLC bought a new position in shares of DigitalBridge Group in the third quarter worth about $223,000. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Up 1.1 %

NYSE:DBRG opened at $14.70 on Friday. DigitalBridge Group, Inc. has a 1-year low of $10.31 and a 1-year high of $20.99. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 9.48 and a beta of 1.95. The business’s 50-day moving average price is $18.08 and its two-hundred day moving average price is $17.71.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The business had revenue of $350.31 million for the quarter, compared to the consensus estimate of $287.41 million. DigitalBridge Group had a net margin of 26.64% and a return on equity of 2.91%. Sell-side analysts predict that DigitalBridge Group, Inc. will post 0.25 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, June 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. DigitalBridge Group’s dividend payout ratio is 2.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DBRG. Truist Financial upped their price objective on shares of DigitalBridge Group from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. decreased their price target on DigitalBridge Group from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.75.

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.