Atria Wealth Solutions Inc. Lowers Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Atria Wealth Solutions Inc. lessened its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 8.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,070 shares of the company’s stock after selling 2,801 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in DigitalBridge Group were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DBRG. Lazard Asset Management LLC lifted its stake in shares of DigitalBridge Group by 384.5% in the 4th quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company’s stock valued at $37,753,000 after purchasing an additional 2,656,100 shares during the period. Lind Value II ApS purchased a new stake in DigitalBridge Group in the first quarter worth about $17,479,000. Brown Advisory Inc. grew its holdings in DigitalBridge Group by 78.2% in the fourth quarter. Brown Advisory Inc. now owns 3,658,935 shares of the company’s stock worth $41,273,000 after purchasing an additional 1,605,391 shares during the period. Balyasny Asset Management L.P. grew its holdings in DigitalBridge Group by 128.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,302,415 shares of the company’s stock worth $25,971,000 after purchasing an additional 1,294,275 shares during the period. Finally, Frontier Capital Management Co. LLC grew its holdings in DigitalBridge Group by 28.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 5,575,225 shares of the company’s stock worth $62,889,000 after purchasing an additional 1,218,901 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DBRG. JMP Securities restated a “market outperform” rating and issued a $16.00 price objective on shares of DigitalBridge Group in a report on Friday, May 16th. Wall Street Zen upgraded shares of DigitalBridge Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods upped their price objective on shares of DigitalBridge Group from $10.50 to $11.00 and gave the stock a “market perform” rating in a report on Tuesday. Finally, Truist Financial upped their price objective on shares of DigitalBridge Group from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $16.00.

DigitalBridge Group Stock Down 0.1%

Shares of DigitalBridge Group stock opened at $11.21 on Friday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -280.25 and a beta of 1.77. The company’s 50 day moving average is $10.62 and its 200 day moving average is $10.02. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.4%. DigitalBridge Group’s dividend payout ratio is -100.00%.

DigitalBridge Group Profile

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.