2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. trimmed its holdings in shares of DigitalBridge Group, Inc. ( NYSE:DBRG – Free Report ) by 94.
7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,330 shares of the company’s stock after selling 326,192 shares during the period. Russell Investments Group Ltd.
’s holdings in DigitalBridge Group were worth $207,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc.
increased its stake in DigitalBridge Group by 273.0% during the 4th quarter. Envestnet Asset Management Inc.
now owns 42,188 shares of the company’s stock valued at $476,000 after buying an additional 30,877 shares during the period. Samjo Management LLC bought a new stake in DigitalBridge Group during the fourth quarter worth approximately $5,628,000. Wells Fargo & Company MN raised its holdings in DigitalBridge Group by 6.
0% during the fourth quarter. Wells Fargo & Company MN now owns 536,965 shares of the company’s stock worth $6,057,000 after purchasing an additional 30,206 shares in the last quarter. Centersquare Investment Management LLC boosted its stake in DigitalBridge Group by 9.
8% during the 4th quarter. Centersquare Investment Management LLC now owns 166,000 shares of the company’s stock valued at $1,872,000 after purchasing an additional 14,860 shares in the last quarter. Finally, Bryce Point Capital LLC bought a new position in DigitalBridge Group during the 4th quarter valued at $411,000.
92.69% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades Several analysts have recently weighed in on DBRG shares.
Truist Financial cut their price objective on DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, March 25th.
JMP Securities assumed coverage on shares of DigitalBridge Group in a report on Monday, January 27th. They issued an “outperform” rating and a $16.00 target price on the stock.
JPMorgan Chase & Co. decreased their price target on shares of DigitalBridge Group from $20.00 to $18.
00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price objective on DigitalBridge Group from $14.00 to $13.
50 and set a “market perform” rating for the company in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company lifted their target price on DigitalBridge Group from $15.00 to $16.
00 and gave the stock an “overweight” rating in a report on Monday, February 24th. One research 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. Based on data from MarketBeat.
com, DigitalBridge Group has a consensus rating of “Buy” and an average price target of $16.39. DigitalBridge Group Stock Up 2.
9 % Shares of DigitalBridge Group stock opened at $8.39 on Friday. The stock has a market cap of $1.
46 billion, a PE ratio of 279.67, a price-to-earnings-growth ratio of 3.46 and a beta of 1.
68. DigitalBridge Group, Inc. has a 12 month low of $6.
41 and a 12 month high of $17.36. The business has a fifty day simple moving average of $9.
21 and a 200-day simple moving average of $11.32. DigitalBridge Group ( NYSE:DBRG – Get Free Report ) last released 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. The company had revenue of $101.55 million for the quarter, compared to analysts’ expectations of $93.
01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.
98%. Analysts expect that DigitalBridge Group, Inc. will post 0.
17 EPS for the current fiscal year. DigitalBridge Group Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.
01 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.
04 annualized dividend and a yield of 0.48%. DigitalBridge Group’s dividend payout ratio is presently 133.
33%. DigitalBridge Group Company Profile ( 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. Read More Want to see what other hedge funds are holding DBRG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for DigitalBridge Group, Inc. ( NYSE:DBRG – Free Report ). Receive News & Ratings for DigitalBridge Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalBridge Group and related companies with MarketBeat.
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