2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS acquired a new position in shares of DigitalBridge Group, Inc. ( NYSE:DBRG – Free Report ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,475 shares of the company’s stock, valued at approximately $378,000.
Other hedge funds have also added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC increased its stake in shares of DigitalBridge Group by 868.9% during the 4th quarter.
Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company’s stock worth $50,572,000 after purchasing an additional 4,020,627 shares during the last quarter. William Blair Investment Management LLC increased its position in DigitalBridge Group by 27.3% in the fourth quarter.
William Blair Investment Management LLC now owns 3,003,062 shares of the company’s stock worth $33,875,000 after buying an additional 643,705 shares during the last quarter. State Street Corp increased its position 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 buying an additional 474,101 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of DigitalBridge Group in the fourth quarter valued at $4,087,000.
Finally, Geode Capital Management LLC lifted its position in shares of DigitalBridge Group by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock valued at $58,895,000 after buying an additional 317,776 shares during the last quarter.
Institutional investors own 92.69% of the company’s stock. Analyst Ratings Changes DBRG has been the topic of a number of research reports.
JMP Securities assumed coverage on DigitalBridge Group in a research note on Monday, January 27th. They issued an “outperform” rating and a $16.00 price objective on the stock.
Keefe, Bruyette & Woods reduced their target price on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a report on Wednesday, February 26th.
Truist Financial cut their price target on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, March 25th.
B. Riley lowered their price objective on DigitalBridge Group from $24.00 to $20.
00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their price objective on DigitalBridge Group from $20.
00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock.
According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $16.39. DigitalBridge Group Trading Down 13.
1 % Shares of DigitalBridge Group stock opened at $7.04 on Friday. The business’s 50-day moving average price is $10.
14 and its 200-day moving average price is $12.04. The firm has a market capitalization of $1.
23 billion, a PE ratio of 234.50, a price-to-earnings-growth ratio of 3.46 and a beta of 1.
91. DigitalBridge Group, Inc. has a 12 month low of $6.
90 and a 12 month high of $19.00. DigitalBridge Group ( NYSE:DBRG – Get Free Report ) last posted its quarterly earnings results on Thursday, February 20th.
The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.
03. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.
29%. The firm had revenue of $101.55 million for the quarter, compared to the consensus estimate of $93.
01 million. As a group, analysts predict that DigitalBridge Group, Inc. will post 0.
17 earnings per share for the current fiscal year. DigitalBridge Group Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.
01 per share. The ex-dividend date is Monday, March 31st. This represents a $0.
04 annualized dividend and a yield of 0.57%. DigitalBridge Group’s payout ratio is 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. See Also Five stocks we like better than DigitalBridge Group What is the S&P 500 and How It is Distinct from Other Indexes Archer Aviation’s Africa Deal Could Boost ACHR Stock Buy P&G Now, Before It Sets A New All-Time High Are Short Sellers Wrong About These 3 Semiconductor Stocks? Why Invest in 5G? How to Invest in 5G Stocks Boeing Gets $50B in March Orders—Is BA Stock a Buy Now? 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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