The Manufacturers Life Insurance Company Sells 33,956 Shares of DigitalBridge Group, Inc. $DBRG

The Manufacturers Life Insurance Company decreased its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 39.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,960 shares of the company’s stock after selling 33,956 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in DigitalBridge Group were worth $817,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of DBRG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in DigitalBridge Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,556 shares of the company’s stock worth $834,000 after buying an additional 4,122 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of DigitalBridge Group by 45.3% in the first 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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 valued at $3,458,000 after acquiring an additional 21,930 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of DigitalBridge Group by 12.5% in the 2nd 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 last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of DigitalBridge Group by 39.1% during the 2nd quarter. Cetera Investment Advisers now owns 21,360 shares of the company’s stock worth $221,000 after purchasing an additional 6,000 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of DigitalBridge Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $15.90 on Friday. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 10.33 and a beta of 1.47. DigitalBridge Group, Inc. has a 1 year low of $8.94 and a 1 year high of $15.95. The firm has a 50-day moving average of $15.79 and a two-hundred day moving average of $15.61.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.3%. DigitalBridge Group’s payout ratio is presently 2.60%.

DigitalBridge Group Company Profile

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.