Sei Investments Co. Trims Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

Sei Investments Co. lessened its holdings in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 974,294 shares of the company's stock after selling 54,470 shares during the period. Sei Investments Co. owned 0.56% of DigitalBridge Group worth $10,990,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Spire Wealth Management acquired a new stake in shares of DigitalBridge Group in the 4th quarter worth about $37,000. Manchester Capital Management LLC raised its stake in 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 purchasing an additional 2,765 shares during the period. KBC Group NV boosted its position in DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock worth $94,000 after acquiring an additional 2,750 shares during the period. Blue Trust Inc. boosted its position in DigitalBridge Group by 164.0% during the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock valued at $112,000 after purchasing an additional 6,153 shares during the last quarter. Finally, one8zero8 LLC acquired a new position in DigitalBridge Group in the fourth quarter worth approximately $122,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DBRG has been the subject of several recent analyst reports. JMP Securities started coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They set an "outperform" rating and a $16.00 price objective for the company. Truist Financial cut their price objective on DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their price target on 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 decreased their price objective on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company upped their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, DigitalBridge Group has a consensus rating of "Buy" and an average target price of $16.39.

DigitalBridge Group Trading Down 11.8 %

DigitalBridge Group stock traded down $1.08 during midday trading on Thursday, reaching $8.11. The stock had a trading volume of 5,623,507 shares, compared to its average volume of 2,459,700. DigitalBridge Group, Inc. has a 12 month low of $8.09 and a 12 month high of $19.06. The company has a market capitalization of $1.41 billion, a P/E ratio of 270.23, a PEG ratio of 3.46 and a beta of 1.91. The company has a fifty day moving average price of $10.23 and a two-hundred day moving average price of $12.10.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its earnings results 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. The firm had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. On average, equities research analysts predict that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.49%. DigitalBridge Group's payout ratio is currently 133.33%.

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.