Geode Capital Management LLC Has $58.90 Million Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Geode Capital Management LLC increased its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,167,413 shares of the company's stock after purchasing an additional 317,776 shares during the quarter. Geode Capital Management LLC owned approximately 2.39% of DigitalBridge Group worth $58,895,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. nVerses Capital LLC lifted its stake in shares of DigitalBridge Group by 633.3% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the company's stock valued at $30,000 after buying an additional 1,900 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of DigitalBridge Group during the 3rd quarter worth about $34,000. Central Pacific Bank Trust Division acquired a new position in DigitalBridge Group in the third quarter valued at about $35,000. Blue Trust Inc. grew its stake in DigitalBridge Group by 179.2% during the third 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 last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of DigitalBridge Group by 33,627.3% during the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company's stock worth $102,000 after buying an additional 7,398 shares in the last quarter. Institutional investors own 92.69% of the company's stock.

Wall Street Analyst Weigh In

DBRG has been the topic of several recent analyst reports. Truist Financial reduced their target price on DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, December 11th. Raymond James decreased their target price on DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating on the stock in a report on Tuesday, November 5th. Keefe, Bruyette & Woods cut DigitalBridge Group from an "outperform" rating to a "market perform" rating and cut their price target for the company from $17.75 to $14.00 in a report on Wednesday, November 6th. 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 report on Tuesday, October 1st. Finally, Wells Fargo & Company lowered their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $17.88.

DigitalBridge Group Stock Performance

NYSE:DBRG traded down $0.11 during mid-day trading on Friday, hitting $11.05. The company had a trading volume of 4,977,603 shares, compared to its average volume of 2,358,405. DigitalBridge Group, Inc. has a fifty-two week low of $10.99 and a fifty-two week high of $20.99. The firm has a market cap of $1.92 billion, a P/E ratio of 15.14, a P/E/G ratio of 13.76 and a beta of 1.89. The business's fifty day moving average is $13.49 and its two-hundred day moving average is $13.40.

DigitalBridge Group Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.36%. The ex-dividend date 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.