DigitalBridge Group, Inc. (NYSE:DBRG) Shares Purchased by TCTC Holdings LLC

TCTC Holdings LLC increased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 36.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,779 shares of the company's stock after acquiring an additional 33,901 shares during the quarter. TCTC Holdings LLC owned approximately 0.07% of DigitalBridge Group worth $1,419,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DBRG. Meeder Asset Management Inc. acquired a new stake in shares of DigitalBridge Group during the third quarter worth $34,000. Spire Wealth Management acquired a new stake in shares of DigitalBridge Group in the fourth quarter worth approximately $37,000. Manchester Capital Management LLC grew its holdings in DigitalBridge Group by 172.1% in the fourth 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 increased its position in DigitalBridge Group by 49.3% during the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock worth $94,000 after purchasing an additional 2,750 shares during the last quarter. Finally, Blue Trust Inc. raised its stake 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 purchasing an additional 6,153 shares during the period. 92.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DBRG shares. Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods reduced their price objective on DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating on the stock in a research note on Wednesday, February 26th. Truist Financial dropped 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. Wells Fargo & Company lifted their price target 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, DigitalBridge Group presently has a consensus rating of "Buy" and an average target price of $16.61.

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DigitalBridge Group Stock Performance

Shares of DBRG stock traded down $0.25 on Friday, hitting $9.23. The stock had a trading volume of 4,945,686 shares, compared to its average volume of 2,347,574. DigitalBridge Group, Inc. has a 52-week low of $8.95 and a 52-week high of $19.49. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 307.73, a P/E/G ratio of 3.46 and a beta of 1.91. The stock's 50 day moving average is $10.64 and its 200-day moving average is $12.34.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share 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 company had revenue of $101.55 million during the quarter, compared to the consensus estimate of $93.01 million. Equities analysts expect that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.04 annualized dividend and a yield of 0.43%. DigitalBridge Group's dividend payout ratio is presently 133.33%.

About DigitalBridge Group

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.