DigitalBridge Group, Inc. (NYSE:DBRG) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 16.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 882,511 shares of the company’s stock after acquiring an additional 123,083 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in DigitalBridge Group were worth $12,470,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in shares of DigitalBridge Group by 16.6% in the first quarter. Russell Investments Group Ltd. now owns 120,604 shares of the company’s stock worth $2,324,000 after acquiring an additional 17,159 shares during the period. State Board of Administration of Florida Retirement System grew its position in DigitalBridge Group by 16.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 53,988 shares of the company’s stock worth $1,040,000 after purchasing an additional 7,780 shares during the period. Vanguard Group Inc. raised its stake in shares of DigitalBridge Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 23,274,328 shares of the company’s stock valued at $448,496,000 after buying an additional 256,016 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of DigitalBridge Group by 12.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,059,783 shares of the company’s stock valued at $20,422,000 after buying an additional 119,360 shares during the period. Finally, Senator Investment Group LP boosted its stake in shares of DigitalBridge Group by 14.3% in the first quarter. Senator Investment Group LP now owns 1,752,003 shares of the company’s stock worth $33,761,000 after buying an additional 218,941 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Trading Down 4.9 %

DBRG stock opened at $11.74 on Thursday. DigitalBridge Group, Inc. has a 12-month low of $11.07 and a 12-month high of $20.99. The business’s 50-day moving average is $14.37 and its 200 day moving average is $13.61. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 2.23 and a beta of 1.94.

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Tuesday, December 31st. DigitalBridge Group’s payout ratio is 5.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Raymond James decreased their target price on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 5th. Truist Financial dropped their price target on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Keefe, Bruyette & Woods lowered shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their price target on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $18.13.

About DigitalBridge Group

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.