Kingswood Wealth Advisors LLC Takes Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Kingswood Wealth Advisors LLC purchased a new position in DigitalBridge Group, Inc. (NYSE:DBRG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,858 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DBRG. Moody National Bank Trust Division increased its holdings in DigitalBridge Group by 41.9% in the 4th quarter. Moody National Bank Trust Division now owns 46,084 shares of the company’s stock valued at $520,000 after buying an additional 13,612 shares during the period. Fulton Bank N.A. increased its stake in DigitalBridge Group by 17.9% in the fourth quarter. Fulton Bank N.A. now owns 33,442 shares of the company’s stock valued at $377,000 after acquiring an additional 5,070 shares during the last quarter. Nordea Investment Management AB raised its position in DigitalBridge Group by 6.1% during the fourth quarter. Nordea Investment Management AB now owns 273,609 shares of the company’s stock valued at $3,114,000 after purchasing an additional 15,830 shares in the last quarter. Franklin Resources Inc. lifted its stake in DigitalBridge Group by 33.6% during the third quarter. Franklin Resources Inc. now owns 180,369 shares of the company’s stock worth $2,792,000 after purchasing an additional 45,333 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of DigitalBridge Group by 22.8% in the 3rd quarter. Tidal Investments LLC now owns 99,995 shares of the company’s stock valued at $1,413,000 after purchasing an additional 18,536 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on DBRG. Wells Fargo & Company lowered their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods lowered shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $17.75 to $14.00 in a report on Wednesday, November 6th. JPMorgan Chase & Co. dropped their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Finally, JMP Securities started coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They set an “outperform” rating and a $16.00 target price on the stock. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $16.67.

DigitalBridge Group Stock Performance

DBRG stock opened at $10.99 on Friday. The company has a market capitalization of $1.91 billion, a P/E ratio of 15.05, a PEG ratio of 2.83 and a beta of 1.91. The company has a fifty day moving average price of $11.61 and a 200-day moving average price of $12.94. DigitalBridge Group, Inc. has a 52-week low of $10.24 and a 52-week high of $20.99.

DigitalBridge Group Company 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.