State Street Corp Grows Stock Position in DigitalBridge Group, Inc. (NYSE:DBRG)

State Street Corp raised its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 12.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,427,379 shares of the company's stock after buying an additional 474,101 shares during the quarter. State Street Corp owned about 2.54% of DigitalBridge Group worth $62,603,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in DigitalBridge Group by 24.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company's stock valued at $19,281,000 after purchasing an additional 271,853 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of DigitalBridge Group by 101.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 314,557 shares of the company's stock valued at $4,445,000 after buying an additional 158,790 shares during the last quarter. Holocene Advisors LP purchased a new stake in shares of DigitalBridge Group during the third quarter valued at approximately $3,466,000. Rockefeller Capital Management L.P. increased its position in shares of DigitalBridge Group by 482.6% during the third quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company's stock valued at $2,046,000 after acquiring an additional 119,922 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC bought a new position in DigitalBridge Group in the 3rd quarter valued at approximately $6,538,000. Institutional investors own 92.69% of the company's stock.

DigitalBridge Group Price Performance

Shares of DBRG stock traded down $0.18 during trading hours on Thursday, hitting $11.16. The stock had a trading volume of 2,518,265 shares, compared to its average volume of 2,347,712. The stock's 50-day moving average price is $13.66 and its two-hundred day moving average price is $13.43. DigitalBridge Group, Inc. has a one year low of $10.99 and a one year high of $20.99. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 13.76 and a beta of 1.89.

DigitalBridge Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 dividend yield of 0.36%. DigitalBridge Group's dividend payout ratio is currently 5.48%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DBRG shares. Raymond James reduced their target price on DigitalBridge Group from $19.00 to $16.00 and set a "strong-buy" rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. increased their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Wells Fargo & Company decreased their target price on DigitalBridge Group from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Truist Financial cut their target price on shares of 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, Keefe, Bruyette & Woods downgraded shares of DigitalBridge Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, DigitalBridge Group currently has an average rating of "Buy" and a consensus price target of $17.88.

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.