1 week Ago By ABMN Staff
Norges Bank bought a new stake in shares of DigitalBridge Group, Inc. ( NYSE:DBRG – Free Report ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 687,705 shares of the company’s stock, valued at approximately $7,757,000.
Norges Bank owned 0.39% of DigitalBridge Group at the end of the most recent reporting period. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DBRG.
Geode Capital Management LLC boosted its stake in shares of DigitalBridge Group by 8.3% in the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock worth $58,895,000 after buying an additional 317,776 shares during the last quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in DigitalBridge Group by 101.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 314,557 shares of the company’s stock valued at $4,445,000 after acquiring an additional 158,790 shares during the period.
Charles Schwab Investment Management Inc. boosted its position in 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. Barclays PLC grew its stake in shares of DigitalBridge Group by 364.
3% during the 3rd quarter. Barclays PLC now owns 268,326 shares of the company’s stock worth $3,792,000 after purchasing an additional 210,533 shares during the period. Finally, Horizon Kinetics Asset Management LLC increased its holdings 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 valued at $50,572,000 after purchasing an additional 4,020,627 shares in the last quarter. 92.
69% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades A number of brokerages recently issued reports on DBRG. JPMorgan Chase & Co.
lowered their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st.
Truist Financial lowered their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, March 25th.
Citizens Jmp upgraded DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. Wells Fargo & Company increased their price target on DigitalBridge Group from $15.00 to $16.
00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Finally, Keefe, Bruyette & Woods dropped their price objective on DigitalBridge Group from $14.00 to $13.
50 and set a “market perform” rating on the stock in a report on Wednesday, February 26th. One equities research 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. According to 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 NYSE:DBRG opened at $6.
77 on Wednesday. The business’s 50 day moving average price is $9.92 and its 200-day moving average price is $11.
88. DigitalBridge Group, Inc. has a 1 year low of $6.
44 and a 1 year high of $19.00. The firm has a market capitalization of $1.
18 billion, a PE ratio of 225.80, a P/E/G ratio of 3.46 and a beta of 1.
68. DigitalBridge Group ( NYSE:DBRG – Get Free Report ) last announced its earnings results on Thursday, February 20th. The company reported $0.
11 earnings per share (EPS) 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 analysts’ expectations of $93.01 million.
DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%.
As a group, analysts expect that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.
DigitalBridge Group Dividend Announcement The firm also recently disclosed 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.
The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.
59%. 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 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.com's FREE daily email newsletter .
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