M&G Investment Management Ltd. Makes New $199,000 Investment in DigitalBridge Group, Inc. (NYSE:DBRG)

Posted by Defense World Staff on Apr 12th, 2023

M&G Investment Management Ltd. acquired a new position in DigitalBridge Group, Inc. (NYSE:DBRG – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,113 shares of the company’s stock, valued at approximately $199,000.

Other institutional investors have also added to or reduced their stakes in the company. Wipfli Financial Advisors LLC bought a new position in shares of DigitalBridge Group during the 3rd quarter valued at approximately $33,000. BDO Wealth Advisors LLC grew its position in shares of DigitalBridge Group by 26.3% during the 4th quarter. BDO Wealth Advisors LLC now owns 4,800 shares of the company’s stock valued at $53,000 after acquiring an additional 1,000 shares during the period. Exchange Traded Concepts LLC grew its position in shares of DigitalBridge Group by 71.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,712 shares of the company’s stock valued at $62,000 after acquiring an additional 2,380 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of DigitalBridge Group during the 3rd quarter valued at approximately $74,000. Finally, Advisors Asset Management Inc. bought a new position in shares of DigitalBridge Group during the 1st quarter valued at approximately $57,000. 88.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DBRG. Raymond James lowered their target price on shares of DigitalBridge Group from $34.00 to $25.00 and set a “strong-buy” rating on the stock in a research note on Thursday, March 2nd. Wells Fargo & Company decreased their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, February 27th. JPMorgan Chase & Co. decreased their target price on shares of DigitalBridge Group from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, February 27th. B. Riley decreased their target price on shares of DigitalBridge Group from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, March 24th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of DigitalBridge Group in a research report on Wednesday, February 15th. They issued a “buy” rating and a $18.00 target price on the stock. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

DigitalBridge Group Trading Up 0.3 %

Shares of DigitalBridge Group stock opened at $11.50 on Wednesday. DigitalBridge Group, Inc. has a 12-month low of $9.99 and a 12-month high of $30.66. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.92 and a quick ratio of 0.92. The company’s fifty day simple moving average is $12.62 and its two-hundred day simple moving average is $12.72.

DigitalBridge Group (NYSE:DBRG – Get Rating) last announced its quarterly earnings results on Friday, February 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.22). The firm had revenue of $301.90 million during the quarter, compared to the consensus estimate of $294.67 million. DigitalBridge Group had a negative return on equity of 3.27% and a negative net margin of 28.11%. DigitalBridge Group’s revenue was up 18.0% on a year-over-year basis. During the same period last year, the business earned ($0.04) EPS. Sell-side analysts predict that DigitalBridge Group, Inc. will post 0.19 EPS for the current year.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Thursday, March 30th. DigitalBridge Group’s dividend payout ratio (DPR) is presently -1.54%.

DigitalBridge Group Company Profile

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DigitalBridge Group, Inc is a digital infrastructure company that engages in investing in digital ecosystem including cell towers, data centers, fiber, small cells, and edge infrastructure. It operates through the Digital Investment Management (Digital IM) and Corporate and Other segments. The Digital IM segment represents a digital infrastructure investment platform, managing capital on behalf of a diverse base of global investors.