BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $19.28 Million Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 24.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,364,524 shares of the company's stock after buying an additional 271,853 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.78% of DigitalBridge Group worth $19,281,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. nVerses Capital LLC boosted its holdings in DigitalBridge Group by 633.3% during the second quarter. nVerses Capital LLC now owns 2,200 shares of the company's stock valued at $30,000 after acquiring an additional 1,900 shares during the period. Meeder Asset Management Inc. bought a new stake in DigitalBridge Group during the third quarter valued at about $34,000. Central Pacific Bank Trust Division bought a new stake in DigitalBridge Group during the third quarter valued at about $35,000. Blue Trust Inc. boosted its holdings in DigitalBridge Group by 179.2% during the third quarter. Blue Trust Inc. now owns 3,752 shares of the company's stock valued at $51,000 after acquiring an additional 2,408 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in DigitalBridge Group by 33,627.3% during the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company's stock valued at $102,000 after acquiring an additional 7,398 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price target on shares of DigitalBridge Group from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, August 15th. Truist Financial cut their price target on shares of DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, August 21st. JPMorgan Chase & Co. raised their price target on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. Finally, Keefe, Bruyette & Woods cut shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $18.13.

DigitalBridge Group Stock Up 3.0 %

DBRG stock traded up $0.36 during trading on Friday, hitting $12.33. The company had a trading volume of 2,737,435 shares, compared to its average volume of 3,425,269. The firm has a 50-day moving average price of $14.30 and a 200-day moving average price of $13.58. 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 $2.15 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 2.11 and a beta of 1.94.

DigitalBridge Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group's payout ratio is 5.48%.

DigitalBridge Group 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.