Vanguard Group Inc. Raises Stake in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Vanguard Group Inc. raised its holdings in Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,481,145 shares of the company's stock after buying an additional 208,022 shares during the quarter. Vanguard Group Inc. owned 2.88% of Bridge Investment Group worth $29,242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BRDG. Geode Capital Management LLC lifted its position in shares of Bridge Investment Group by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 407,709 shares of the company's stock valued at $4,026,000 after acquiring an additional 40,975 shares during the period. Jane Street Group LLC acquired a new position in shares of Bridge Investment Group during the third quarter valued at about $102,000. Y Intercept Hong Kong Ltd bought a new position in shares of Bridge Investment Group during the 4th quarter worth about $221,000. XTX Topco Ltd acquired a new stake in shares of Bridge Investment Group in the 3rd quarter valued at about $127,000. Finally, Jennison Associates LLC grew its stake in shares of Bridge Investment Group by 0.9% in the 4th quarter. Jennison Associates LLC now owns 3,402,475 shares of the company's stock valued at $28,581,000 after buying an additional 31,593 shares during the period. 52.83% of the stock is currently owned by institutional investors.

Bridge Investment Group Stock Up 1.3 %

NYSE BRDG traded up $0.12 on Friday, reaching $8.88. The company had a trading volume of 124,403 shares, compared to its average volume of 261,846. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. The company's fifty day moving average is $9.16 and its 200 day moving average is $9.20. Bridge Investment Group Holdings Inc. has a 52-week low of $6.49 and a 52-week high of $11.69. The stock has a market capitalization of $1.10 billion, a P/E ratio of 221.98 and a beta of 1.46.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last announced its earnings results on Monday, February 24th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. The company had revenue of $81.96 million during the quarter, compared to the consensus estimate of $82.02 million. Sell-side analysts anticipate that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Bridge Investment Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.11 per share. The ex-dividend date was Friday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 4.96%. This is a boost from Bridge Investment Group's previous quarterly dividend of $0.10. Bridge Investment Group's dividend payout ratio (DPR) is currently 488.89%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BRDG shares. UBS Group increased their price target on Bridge Investment Group from $7.50 to $12.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Wells Fargo & Company lowered their target price on Bridge Investment Group from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $10.00 price target (down previously from $12.00) on shares of Bridge Investment Group in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $10.40.

Bridge Investment Group Profile

Bridge Investment Group Holdings Inc engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.