Rockefeller Capital Management L.P. Increases Position in DigitalBridge Group, Inc. (NYSE:DBRG)

Rockefeller Capital Management L.P. boosted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 73.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 251,096 shares of the company's stock after buying an additional 106,324 shares during the quarter. Rockefeller Capital Management L.P. owned 0.14% of DigitalBridge Group worth $2,832,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Spire Wealth Management purchased a new position in shares of DigitalBridge Group during the fourth quarter worth $37,000. Manchester Capital Management LLC raised its stake in shares of DigitalBridge Group by 172.1% during the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after buying an additional 2,765 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of DigitalBridge Group by 114.0% in the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after buying an additional 2,710 shares during the period. KBC Group NV boosted its stake in shares of DigitalBridge Group by 49.3% in the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock worth $94,000 after buying an additional 2,750 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in DigitalBridge Group by 164.0% during the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock worth $112,000 after acquiring an additional 6,153 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Stock Performance

Shares of DBRG stock traded up $0.04 on Wednesday, reaching $8.15. 2,435,186 shares of the company were exchanged, compared to its average volume of 2,558,370. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $17.72. The business has a 50-day moving average price of $9.29 and a 200 day moving average price of $11.39. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 271.67, a P/E/G 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 the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The company had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. As a group, equities analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The company 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 was Monday, March 31st. DigitalBridge Group's dividend payout ratio is currently 133.33%.

Analysts Set New Price Targets

A number of research analysts have issued reports on DBRG shares. Keefe, Bruyette & Woods decreased their price target on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. JMP Securities started coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They set an "outperform" rating and a $16.00 price target on the stock. Truist Financial decreased their price objective on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Finally, Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $16.39.

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.