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

Segall Bryant & Hamill LLC raised its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 19.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,413,816 shares of the company's stock after acquiring an additional 228,715 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.81% of DigitalBridge Group worth $12,470,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in DBRG. Lazard Asset Management LLC boosted its position in shares of DigitalBridge Group by 384.5% in the 4th quarter. Lazard Asset Management LLC now owns 3,346,966 shares of the company's stock valued at $37,753,000 after purchasing an additional 2,656,100 shares during the period. Lind Value II ApS acquired a new stake in shares of DigitalBridge Group in the 1st quarter valued at about $17,479,000. Brown Advisory Inc. boosted its position in shares of DigitalBridge Group by 78.2% in the 4th quarter. Brown Advisory Inc. now owns 3,658,935 shares of the company's stock valued at $41,273,000 after purchasing an additional 1,605,391 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of DigitalBridge Group by 128.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,302,415 shares of the company's stock valued at $25,971,000 after purchasing an additional 1,294,275 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its position in shares of DigitalBridge Group by 28.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 5,575,225 shares of the company's stock valued at $62,889,000 after purchasing an additional 1,218,901 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

DigitalBridge Group Trading Down 1.3%

Shares of DBRG traded down $0.14 during midday trading on Friday, reaching $10.78. 1,724,542 shares of the company were exchanged, compared to its average volume of 2,658,271. DigitalBridge Group, Inc. has a 1-year low of $6.41 and a 1-year high of $17.33. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 35.93, a P/E/G ratio of 1.22 and a beta of 1.67. The stock has a 50-day moving average price of $10.65 and a 200-day moving average price of $10.05.

DigitalBridge Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.37%. The ex-dividend date was Monday, June 30th. DigitalBridge Group's dividend payout ratio is currently 13.33%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DBRG shares. JMP Securities reissued a "market outperform" rating and set a $16.00 target price on shares of DigitalBridge Group in a research note on Friday, May 16th. Keefe, Bruyette & Woods reduced their price target on 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 DigitalBridge Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. Finally, Truist Financial raised their price objective on DigitalBridge Group from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.