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

Segall Bryant & Hamill LLC raised its stake in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 19.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,413,816 shares of the company's stock after buying an additional 228,715 shares during the period. Segall Bryant & Hamill LLC owned about 0.81% of DigitalBridge Group worth $12,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. raised its holdings in shares of DigitalBridge Group by 109.9% in the 4th quarter. Sunbelt Securities Inc. now owns 2,796 shares of the company's stock valued at $31,000 after purchasing an additional 1,464 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of DigitalBridge Group in the 4th quarter valued at about $39,000. GAMMA Investing LLC raised its holdings in shares of DigitalBridge Group by 978.9% in the 1st quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock valued at $39,000 after purchasing an additional 4,033 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of DigitalBridge Group by 114.0% in the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock valued at $57,000 after purchasing an additional 2,710 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of DigitalBridge Group by 91.1% in the 1st quarter. Spire Wealth Management now owns 6,208 shares of the company's stock valued at $55,000 after purchasing an additional 2,960 shares in the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

DigitalBridge Group Price Performance

DigitalBridge Group stock traded down $0.14 during mid-day trading on Friday, reaching $10.78. 1,724,542 shares of the company traded hands, compared to its average volume of 2,653,433. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $17.33. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 1.24 and a beta of 1.67. The firm's fifty day moving average is $10.61 and its two-hundred day moving average is $10.06.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.37%. DigitalBridge Group's payout ratio is 13.33%.

Wall Street Analyst Weigh In

DBRG has been the subject of several recent research reports. Keefe, Bruyette & Woods reduced their price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a report on Tuesday, May 6th. Wall Street Zen downgraded shares of DigitalBridge Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Truist Financial raised their target price on shares of DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, JMP Securities restated a "market outperform" rating and issued a $16.00 target price on shares of DigitalBridge Group in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, DigitalBridge Group presently has an average rating of "Moderate Buy" and a consensus price target of $15.94.

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.