DigitalBridge Group, Inc. (NYSE:DBRG) Position Cut by S&CO Inc.

S&CO Inc. lessened its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 88.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,000 shares of the company's stock after selling 172,500 shares during the quarter. S&CO Inc.'s holdings in DigitalBridge Group were worth $259,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DBRG. Meeder Asset Management Inc. purchased a new position in shares of DigitalBridge Group in the 3rd quarter valued at approximately $34,000. Spire Wealth Management acquired a new stake in shares of DigitalBridge Group in the 4th quarter valued at approximately $37,000. Manchester Capital Management LLC lifted its holdings in shares of DigitalBridge Group by 172.1% in 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 period. KBC Group NV lifted its holdings in shares of DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after buying an additional 2,750 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of DigitalBridge Group by 164.0% in the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock valued at $112,000 after buying an additional 6,153 shares during the period. Hedge funds and other institutional investors own 92.69% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DBRG shares. Keefe, Bruyette & Woods reduced their price objective 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. Citizens Jmp raised DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. Wells Fargo & Company lifted their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Truist Financial lowered their price objective on DigitalBridge Group from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, December 11th. Finally, B. Riley lowered their price objective on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $16.61.

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DigitalBridge Group Trading Up 3.6 %

NYSE DBRG traded up $0.34 on Friday, hitting $9.55. 2,245,523 shares of the stock traded hands, compared to its average volume of 2,363,910. The stock has a 50-day moving average of $10.79 and a 200 day moving average of $12.44. DigitalBridge Group, Inc. has a twelve month low of $8.95 and a twelve month high of $19.49. The company has a market capitalization of $1.67 billion, a P/E ratio of 318.17, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $101.55 million for the quarter, compared to analysts' expectations of $93.01 million. As a group, equities research analysts expect that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Monday, March 31st. DigitalBridge Group's dividend payout ratio (DPR) is presently 133.33%.

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.