Segall Bryant & Hamill LLC Buys 123,083 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Segall Bryant & Hamill LLC boosted its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 16.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 882,511 shares of the company's stock after buying an additional 123,083 shares during the period. Segall Bryant & Hamill LLC owned 0.51% of DigitalBridge Group worth $12,470,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DBRG. Russell Investments Group Ltd. boosted its position in DigitalBridge Group by 16.6% in the 1st quarter. Russell Investments Group Ltd. now owns 120,604 shares of the company's stock worth $2,324,000 after purchasing an additional 17,159 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in DigitalBridge Group by 16.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 53,988 shares of the company's stock valued at $1,040,000 after purchasing an additional 7,780 shares during the period. Vanguard Group Inc. increased its stake in DigitalBridge Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 23,274,328 shares of the company's stock worth $448,496,000 after buying an additional 256,016 shares during the period. Westwood Holdings Group Inc. grew its stake in DigitalBridge Group by 12.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,059,783 shares of the company's stock worth $20,422,000 after purchasing an additional 119,360 shares in the last quarter. Finally, Senator Investment Group LP increased its position in shares of DigitalBridge Group by 14.3% in the 1st quarter. Senator Investment Group LP now owns 1,752,003 shares of the company's stock valued at $33,761,000 after purchasing an additional 218,941 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on DBRG shares. Wells Fargo & Company lowered their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Raymond James lowered their price target 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 lowered shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. upped their target price on shares of DigitalBridge Group from $22.00 to $23.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Finally, Truist Financial dropped their target price on DigitalBridge Group from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, DigitalBridge Group currently has a consensus rating of "Buy" and an average target price of $18.13.

DigitalBridge Group Price Performance

DBRG stock opened at $11.74 on Thursday. DigitalBridge Group, Inc. has a fifty-two week low of $11.07 and a fifty-two week high of $20.99. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 2.17 and a beta of 1.94. The business's fifty day moving average price is $14.37 and its two-hundred day moving average price is $13.61.

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 given a dividend of $0.01 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. DigitalBridge Group's dividend payout ratio is currently 5.48%.

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.