Pictet Asset Management Holding SA Purchases 3,634 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Pictet Asset Management Holding SA boosted its position in DigitalBridge Group, Inc. (NYSE:DBRG) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,708 shares of the company’s stock after acquiring an additional 3,634 shares during the period. Pictet Asset Management Holding SA’s holdings in DigitalBridge Group were worth $290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DBRG. Spire Wealth Management acquired a new position in shares of DigitalBridge Group during the fourth quarter worth approximately $37,000. Manchester Capital Management LLC increased its stake in DigitalBridge Group by 172.1% during the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company’s stock valued at $49,000 after purchasing an additional 2,765 shares in the last quarter. KBC Group NV raised its holdings in DigitalBridge Group by 49.3% during the fourth quarter. KBC Group NV now owns 8,326 shares of the company’s stock worth $94,000 after buying an additional 2,750 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of DigitalBridge Group by 164.0% in the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock valued at $112,000 after buying an additional 6,153 shares in the last quarter. Finally, one8zero8 LLC acquired a new position in shares of DigitalBridge Group during the fourth quarter valued at about $122,000. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock opened at $7.34 on Friday. The firm has a market cap of $1.28 billion, a PE ratio of 244.67, a P/E/G ratio of 3.46 and a beta of 1.68. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $18.82. The stock has a fifty day moving average price of $9.74 and a 200-day moving average price of $11.75.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. As a group, equities analysts anticipate that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.54%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 133.33%.

Wall Street Analysts Forecast Growth

DBRG has been the topic of a number of analyst reports. JMP Securities started coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. B. Riley cut their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Citizens Jmp raised DigitalBridge Group to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company lifted their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $16.39.

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.