ArrowMark Colorado Holdings LLC trimmed its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 435,750 shares of the company's stock after selling 46,000 shares during the period. ArrowMark Colorado Holdings LLC owned 0.25% of DigitalBridge Group worth $6,157,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. DekaBank Deutsche Girozentrale bought a new position in DigitalBridge Group in the 1st quarter valued at about $1,247,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in DigitalBridge Group by 24.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company's stock valued at $19,281,000 after purchasing an additional 271,853 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in DigitalBridge Group during the second quarter worth $3,234,000. Comerica Bank boosted its holdings in shares of DigitalBridge Group by 2,778.9% in the 1st quarter. Comerica Bank now owns 154,279 shares of the company's stock valued at $2,973,000 after purchasing an additional 148,920 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of DigitalBridge Group by 377.2% in the 1st quarter. Tidal Investments LLC now owns 58,692 shares of the company's stock valued at $1,131,000 after purchasing an additional 46,392 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on DBRG shares. JPMorgan Chase & Co. lifted their target price on DigitalBridge Group from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Wells Fargo & Company lowered their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Truist Financial decreased their target price on shares of DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, August 21st. Raymond James dropped their price target on DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating for the company in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on DigitalBridge Group from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $18.13.
View Our Latest Stock Report on DBRG
DigitalBridge Group Stock Up 0.1 %
Shares of NYSE DBRG traded up $0.01 during trading on Tuesday, reaching $13.29. The company had a trading volume of 592,584 shares, compared to its average volume of 2,368,790. DigitalBridge Group, Inc. has a 12 month low of $11.07 and a 12 month high of $20.99. The stock has a market cap of $2.31 billion, a P/E ratio of 18.21, a PEG ratio of 14.72 and a beta of 1.89. The company's fifty day moving average price is $14.17 and its 200-day moving average price is $13.51.
DigitalBridge Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. DigitalBridge Group's dividend payout ratio (DPR) is currently 5.48%.
DigitalBridge Group Profile
(
Free Report)
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.
See Also
![Institutional Ownership by Quarter for DigitalBridge Group (NYSE:DBRG)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=DBRG)
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