Segall Bryant & Hamill LLC Raises Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Segall Bryant & Hamill LLC raised its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 34.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,185,101 shares of the company’s stock after purchasing an additional 302,590 shares during the period. Segall Bryant & Hamill LLC owned 0.68% of DigitalBridge Group worth $13,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in DBRG. Horizon Kinetics Asset Management LLC grew its position in shares of DigitalBridge Group by 868.9% in the 4th 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 during the last quarter. State Street Corp grew its holdings in DigitalBridge Group by 12.0% in the third 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. Geode Capital Management LLC increased 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 in the last quarter. New South Capital Management Inc. lifted its holdings in shares of DigitalBridge Group by 2.9% during the 4th quarter. New South Capital Management Inc. now owns 4,055,232 shares of the company’s stock valued at $45,743,000 after purchasing an additional 115,029 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of DigitalBridge Group by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company’s stock worth $34,186,000 after purchasing an additional 99,891 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DBRG shares. Wells Fargo & Company increased their price target on DigitalBridge Group from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. JPMorgan Chase & Co. decreased 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. JMP Securities started coverage on shares of DigitalBridge Group in a research report on Monday, January 27th. They set an “outperform” rating and a $16.00 target price on the stock. B. Riley decreased their price target on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Finally, Truist Financial dropped their price objective on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, DigitalBridge Group has an average rating of “Buy” and a consensus target price of $16.39.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock opened at $9.27 on Wednesday. The stock has a market cap of $1.62 billion, a PE ratio of 309.00, a price-to-earnings-growth ratio of 3.46 and a beta of 1.91. The firm has a fifty day moving average price of $10.57 and a 200 day moving average price of $12.28. DigitalBridge Group, Inc. has a 1 year low of $8.95 and a 1 year high of $19.49.

DigitalBridge Group (NYSE:DBRG) last announced its quarterly earnings results 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. The company had revenue of $101.55 million for the quarter, compared to the consensus estimate of $93.01 million. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. As a group, equities analysts expect that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

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

DigitalBridge Group Company 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.