BlackRock Amends DigitalBridge Stake to 6.9% as of Dec 31, 2023
Ticker: DBRG-PJ · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1679688
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a big chunk of DigitalBridge, 6.9% as of year-end!**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership in DigitalBridge Group, Inc. As of December 31, 2023, BlackRock reported beneficial ownership of 20,442,574 shares of DigitalBridge's Common Stock, representing 6.9% of the company. This is an amendment to a previous filing, indicating a change in their holdings. This matters to investors because BlackRock is a major institutional investor, and changes in their stake can signal their confidence (or lack thereof) in DigitalBridge's future performance.
Why It Matters
Large institutional ownership by BlackRock can provide stability and investor confidence, but a reduction in their stake could signal a potential lack of conviction in the company's future prospects.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investor maintains a substantial stake, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should monitor future 13G/A filings from BlackRock to track any significant increases or decreases in their stake, as these changes could signal shifts in institutional sentiment towards DigitalBridge Group, Inc.
Key Numbers
- 20,442,574 — Shares Beneficially Owned (Represents BlackRock's total ownership in DigitalBridge Group, Inc. as of December 31, 2023.)
- 6.9% — Percentage of Class (Indicates BlackRock's significant influence and stake in DigitalBridge Group, Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- DigitalBridge Group, Inc. (company) — the subject company in which BlackRock holds shares
- 20,442,574 (dollar_amount) — number of shares beneficially owned by BlackRock
- 6.9% (dollar_amount) — percentage of DigitalBridge Group, Inc. common stock owned by BlackRock
- December 31, 2023 (date) — the date of the event which required the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will likely maintain a significant, but potentially fluctuating, stake in DigitalBridge Group, Inc. throughout 2024. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A is an amendment (Amendment No: 1) filed by BlackRock Inc. to update its beneficial ownership of Common Stock in DigitalBridge Group, Inc. as of December 31, 2023, under Rule 13d-1(b).
Which company is the subject of this filing, and what is its CUSIP number?
The subject company is DigitalBridge Group Inc., and the CUSIP number for its Common Stock is 25401T603.
What was BlackRock Inc.'s beneficial ownership percentage in DigitalBridge Group, Inc. as reported in this filing?
As of December 31, 2023, BlackRock Inc. reported beneficial ownership of 6.9% of the Common Stock of DigitalBridge Group, Inc.
How many shares of DigitalBridge Group, Inc. Common Stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 20,442,574 shares of DigitalBridge Group, Inc. Common Stock as of December 31, 2023.
When was the event date that triggered this filing?
The date of the event which required this filing was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding DigitalBridge Group, Inc. (DBRG-PJ).