Russell Investments Group Ltd. Has $207,000 Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Russell Investments Group Ltd. reduced its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 94.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,330 shares of the company's stock after selling 326,192 shares during the quarter. Russell Investments Group Ltd.'s holdings in DigitalBridge Group were worth $207,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DBRG. Horizon Kinetics Asset Management LLC lifted its holdings in DigitalBridge Group by 868.9% in the 4th 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. New South Capital Management Inc. increased its position in shares of DigitalBridge Group by 2.9% during the fourth quarter. New South Capital Management Inc. now owns 4,055,232 shares of the company's stock worth $45,743,000 after acquiring an additional 115,029 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of DigitalBridge Group by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company's stock worth $34,186,000 after acquiring an additional 99,891 shares in the last quarter. William Blair Investment Management LLC raised 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 valued at $33,875,000 after purchasing an additional 643,705 shares in the last quarter. Finally, Private Management Group Inc. grew its position in shares of DigitalBridge Group by 4.5% during the fourth quarter. Private Management Group Inc. now owns 1,483,594 shares of the company's stock worth $16,735,000 after buying an additional 63,884 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DBRG has been the subject of several research analyst reports. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. Wells Fargo & Company raised their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. B. Riley lowered their target price on shares of DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Truist Financial reduced their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. lowered their price objective 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. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $16.39.

DigitalBridge Group Price Performance

NYSE DBRG traded down $0.15 on Wednesday, hitting $8.21. 204,753 shares of the company were exchanged, compared to its average volume of 2,516,930. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33. The company's 50 day moving average price is $9.05 and its 200-day moving average price is $11.16. The firm has a market capitalization of $1.43 billion, a P/E ratio of 273.67, a price-to-earnings-growth ratio of 3.46 and a beta of 1.68.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last posted 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. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. The firm had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. As a group, equities analysts expect that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, March 31st. DigitalBridge Group's dividend payout ratio is currently 133.33%.

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.