Massachusetts Financial Services Co. MA grew its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 27.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,640,632 shares of the company's stock after acquiring an additional 791,506 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.09% of DigitalBridge Group worth $51,442,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Intech Investment Management LLC acquired a new stake in shares of DigitalBridge Group in the third quarter valued at approximately $581,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of DigitalBridge Group by 24.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company's stock worth $19,281,000 after purchasing an additional 271,853 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in shares of DigitalBridge Group by 16.2% during the third quarter. Segall Bryant & Hamill LLC now owns 882,511 shares of the company's stock worth $12,470,000 after purchasing an additional 123,083 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of DigitalBridge Group during the third quarter worth $34,000. Finally, Quest Partners LLC lifted its holdings in shares of DigitalBridge Group by 321.0% during the third quarter. Quest Partners LLC now owns 9,309 shares of the company's stock worth $132,000 after purchasing an additional 7,098 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on DBRG. Keefe, Bruyette & Woods cut DigitalBridge Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. Truist Financial dropped their price target on DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, August 21st. JPMorgan Chase & Co. raised their price target on DigitalBridge Group from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Raymond James dropped their price objective on DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating for the company in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company dropped their price objective on 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 investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $18.13.
Check Out Our Latest Research Report on DigitalBridge Group
DigitalBridge Group Price Performance
DigitalBridge Group stock traded up $0.57 during midday trading on Monday, hitting $12.90. 2,618,586 shares of the company were exchanged, compared to its average volume of 2,378,931. The company's fifty day moving average price is $14.30 and its 200-day moving average price is $13.56. The company has a market cap of $2.25 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 2.17 and a beta of 1.94. DigitalBridge Group, Inc. has a fifty-two week low of $11.07 and a fifty-two week high of $20.99.
DigitalBridge Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.31%. The ex-dividend date is Tuesday, December 31st. DigitalBridge Group's dividend payout ratio (DPR) is presently 5.48%.
DigitalBridge Group Company Profile
(
Free Report)
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.
See Also
![Institutional Ownership by Quarter for DigitalBridge Group (NYSE:DBRG)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=DBRG)
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