Schwartz Investment Counsel Inc. Grows Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Schwartz Investment Counsel Inc. raised its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 31.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 621,341 shares of the company's stock after buying an additional 150,000 shares during the quarter. Schwartz Investment Counsel Inc. owned about 0.36% of DigitalBridge Group worth $7,009,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in shares of DigitalBridge Group during the 3rd quarter valued at about $34,000. Spire Wealth Management acquired a new position in shares of DigitalBridge Group during the 4th quarter valued at about $37,000. Blue Trust Inc. boosted its position in shares of DigitalBridge Group by 179.2% during the 3rd 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 last quarter. nVerses Capital LLC boosted its position in shares of DigitalBridge Group by 145.5% during the 3rd quarter. nVerses Capital LLC now owns 5,400 shares of the company's stock valued at $76,000 after acquiring an additional 3,200 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after acquiring an additional 2,750 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

Wall Street Analysts Forecast Growth

DBRG has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Raymond James decreased their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, November 5th. B. Riley decreased their target price on shares of DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Citizens Jmp raised shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Truist Financial decreased their target price on shares of DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, December 11th. 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's stock. Based on data from MarketBeat.com, DigitalBridge Group currently has an average rating of "Buy" and an average price target of $16.67.

DigitalBridge Group Stock Performance

Shares of DBRG traded down $0.06 during mid-day trading on Friday, hitting $10.18. 1,415,546 shares of the company's stock were exchanged, compared to its average volume of 2,239,170. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 2.95 and a beta of 1.91. DigitalBridge Group, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $20.79. The stock's 50-day moving average is $11.13 and its 200-day moving average is $12.70.

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.