William Blair Investment Management LLC increased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 27.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,003,062 shares of the company's stock after buying an additional 643,705 shares during the period. William Blair Investment Management LLC owned 1.72% of DigitalBridge Group worth $33,875,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of DigitalBridge Group during the 3rd quarter worth approximately $34,000. Spire Wealth Management purchased a new stake in DigitalBridge Group in the 4th quarter worth $37,000. Manchester Capital Management LLC raised its position in DigitalBridge Group by 172.1% during the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock worth $49,000 after acquiring an additional 2,765 shares during the period. KBC Group NV lifted its holdings in DigitalBridge Group by 49.3% during the fourth quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after purchasing an additional 2,750 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of DigitalBridge Group by 164.0% in 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 period. Institutional investors and hedge funds own 92.69% of the company's stock.
DigitalBridge Group Stock Down 2.6 %
NYSE:DBRG 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 2,338,229. The company has a fifty day moving average price of $10.61 and a two-hundred day moving average price of $12.31. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 307.73, a PEG ratio of 3.46 and a beta of 1.91. DigitalBridge Group, Inc. has a 1-year low of $8.95 and a 1-year high of $19.49.
DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping 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 analyst estimates of $93.01 million. As a group, analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.
DigitalBridge Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.01 dividend. 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 (DPR) is currently 133.33%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on DBRG. B. Riley decreased their price target on shares of 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 report on Monday, January 27th. 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 research report on Tuesday, January 21st. JMP Securities assumed coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an "outperform" rating and a $16.00 price objective on the stock. Finally, Keefe, Bruyette & Woods dropped their target price 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 research analyst has rated the stock with a hold rating, seven have given a buy rating and two have 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 $16.61.
Check Out Our Latest Report on DigitalBridge Group
About DigitalBridge Group
(
Free Report)
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.
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