Rockefeller Capital Management L.P. Has $2.05 Million Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Rockefeller Capital Management L.P. increased its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 482.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 144,772 shares of the company's stock after buying an additional 119,922 shares during the quarter. Rockefeller Capital Management L.P. owned 0.08% of DigitalBridge Group worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. nVerses Capital LLC increased its position in DigitalBridge Group by 633.3% in the 2nd 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. acquired a new stake in DigitalBridge Group in the third quarter valued at $34,000. Central Pacific Bank Trust Division bought a new position in DigitalBridge Group during the 3rd quarter worth $35,000. Blue Trust Inc. lifted its holdings in DigitalBridge Group by 179.2% during the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company's stock worth $51,000 after buying an additional 2,408 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in DigitalBridge Group by 33,627.3% during the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company's stock worth $102,000 after buying an additional 7,398 shares during the period. Institutional investors own 92.69% of the company's stock.

DigitalBridge Group Stock Down 0.8 %

DBRG traded down $0.11 during midday trading on Friday, hitting $12.84. The company had a trading volume of 1,250,652 shares, compared to its average volume of 2,636,964. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 14.65 and a beta of 1.89. The stock's 50 day moving average price is $14.04 and its 200 day moving average price is $13.49. DigitalBridge Group, Inc. has a 52 week low of $11.07 and a 52 week high of $20.99.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group's dividend payout ratio (DPR) is currently 5.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DBRG. Deutsche Bank Aktiengesellschaft lowered their price objective on DigitalBridge Group from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. Truist Financial lowered their price target on shares of DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, August 21st. Raymond James reduced their price objective on shares of DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Finally, Keefe, Bruyette & Woods lowered shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $17.75 to $14.00 in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $18.13.

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.