American Century Companies Inc. Purchases 88,408 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

American Century Companies Inc. raised its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 84.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,300 shares of the company's stock after buying an additional 88,408 shares during the quarter. American Century Companies Inc. owned about 0.11% of DigitalBridge Group worth $2,180,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Horizon Kinetics Asset Management LLC grew its position in DigitalBridge Group by 868.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock worth $50,572,000 after buying an additional 4,020,627 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of DigitalBridge Group by 27.3% in the 4th quarter. William Blair Investment Management LLC now owns 3,003,062 shares of the company's stock worth $33,875,000 after acquiring an additional 643,705 shares during the period. State Street Corp increased its position in shares of DigitalBridge Group by 12.0% during the third quarter. State Street Corp now owns 4,427,379 shares of the company's stock valued at $62,603,000 after purchasing an additional 474,101 shares during the period. Raymond James Financial Inc. bought a new stake in shares of DigitalBridge Group during the fourth quarter valued at approximately $4,087,000. Finally, Geode Capital Management LLC raised its stake in shares of DigitalBridge Group by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock valued at $58,895,000 after purchasing an additional 317,776 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Stock Performance

DigitalBridge Group stock traded up $0.29 on Friday, reaching $7.64. The company's stock had a trading volume of 3,987,233 shares, compared to its average volume of 2,550,940. The business's fifty day moving average price is $9.67 and its 200 day moving average price is $11.69. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 254.50, a PEG ratio of 3.46 and a beta of 1.68. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $18.82.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. As a group, equities analysts forecast that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group's dividend payout ratio is currently 133.33%.

Wall Street Analyst Weigh In

DBRG has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Monday, February 24th. JPMorgan Chase & Co. dropped their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their price objective on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a report on Wednesday, February 26th. B. Riley dropped their target price on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Finally, Truist Financial lowered their price target on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $16.39.

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.