Private Management Group Inc. lifted its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 4.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,483,594 shares of the company's stock after purchasing an additional 63,884 shares during the quarter. Private Management Group Inc. owned about 0.85% of DigitalBridge Group worth $16,735,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. State Street Corp lifted its holdings in shares of DigitalBridge Group by 12.0% in the third quarter. State Street Corp now owns 4,427,379 shares of the company's stock valued at $62,603,000 after purchasing an additional 474,101 shares in the last quarter. Geode Capital Management LLC lifted its stake in DigitalBridge Group by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock valued at $58,895,000 after acquiring an additional 317,776 shares in the last quarter. New South Capital Management Inc. boosted its position in DigitalBridge Group by 0.3% during the 3rd quarter. New South Capital Management Inc. now owns 3,940,203 shares of the company's stock worth $55,675,000 after acquiring an additional 10,441 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of DigitalBridge Group by 27.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,640,632 shares of the company's stock worth $51,442,000 after acquiring an additional 791,506 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of DigitalBridge Group by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,930,766 shares of the company's stock worth $41,412,000 after acquiring an additional 34,168 shares in the last quarter. 92.69% of the stock is owned by institutional investors.
DigitalBridge Group Trading Down 1.2 %
NYSE:DBRG traded down $0.13 on Friday, hitting $10.78. The company's stock had a trading volume of 1,180,886 shares, compared to its average volume of 2,239,170. DigitalBridge Group, Inc. has a one year low of $10.24 and a one year high of $20.99. The firm has a market capitalization of $1.88 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 2.95 and a beta of 1.91. The stock has a fifty day moving average of $11.39 and a two-hundred day moving average of $12.82.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Keefe, Bruyette & Woods downgraded shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. B. Riley lowered their target price on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Raymond James dropped 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. Finally, JMP Securities started coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an "outperform" rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $16.67.
Read Our Latest Report on DigitalBridge Group
About DigitalBridge Group
(
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.
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