DigitalBridge Group, Inc. (NYSE:DBRG) Stake Reduced by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,044,427 shares of the company's stock after selling 53,826 shares during the quarter. Vanguard Group Inc. owned approximately 9.78% of DigitalBridge Group worth $192,261,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DBRG. Horizon Kinetics Asset Management LLC grew its position in shares of DigitalBridge Group by 868.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company's stock worth $50,572,000 after buying an additional 4,020,627 shares in the last quarter. William Blair Investment Management LLC grew its holdings in DigitalBridge Group by 27.3% during the 4th quarter. William Blair Investment Management LLC now owns 3,003,062 shares of the company's stock worth $33,875,000 after acquiring an additional 643,705 shares in the last quarter. State Street Corp increased its position in shares of DigitalBridge Group by 12.0% in the 3rd quarter. State Street Corp now owns 4,427,379 shares of the company's stock worth $62,603,000 after purchasing an additional 474,101 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of DigitalBridge Group in the 4th quarter valued at about $4,087,000. Finally, Geode Capital Management LLC lifted its position in shares of DigitalBridge Group by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company's stock worth $58,895,000 after purchasing an additional 317,776 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Trading Up 3.9 %

DBRG stock traded up $0.29 during trading on Friday, hitting $7.64. The company had a trading volume of 3,987,233 shares, compared to its average volume of 2,548,425. The business has a 50 day moving average of $9.67 and a 200 day moving average of $11.71. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 254.50, a P/E/G ratio of 3.46 and a beta of 1.68. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $18.82.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The company had revenue of $101.55 million during the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. As a group, equities analysts predict that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group's payout ratio is currently 133.33%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DBRG. B. Riley cut their price objective on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Citizens Jmp upgraded DigitalBridge Group to a "strong-buy" rating in a research note on Monday, January 27th. JMP Securities assumed coverage on DigitalBridge Group in a report on Monday, January 27th. They set an "outperform" rating and a $16.00 target price for the company. JPMorgan Chase & Co. dropped their target price on DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods reduced their price target on shares of DigitalBridge Group from $14.00 to $13.50 and set a "market perform" rating for the company in a report on Wednesday, February 26th. One 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 company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $16.39.

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.