Westwood Holdings Group Inc. Has $19.26 Million Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Westwood Holdings Group Inc. lowered its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 10.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,707,385 shares of the company's stock after selling 201,038 shares during the period. Westwood Holdings Group Inc. owned about 0.98% of DigitalBridge Group worth $19,259,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Spire Wealth Management acquired a new stake in shares of DigitalBridge Group in the 4th quarter valued at $37,000. Point72 Hong Kong Ltd acquired a new stake in shares of DigitalBridge Group in the 4th quarter valued at $39,000. Manchester Capital Management LLC lifted its stake in shares of DigitalBridge Group by 172.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after purchasing an additional 2,765 shares during the last quarter. Meeder Asset Management Inc. lifted its stake 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 during the last quarter. Finally, KBC Group NV lifted its stake in shares of DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock valued at $94,000 after purchasing an additional 2,750 shares during the last quarter. Institutional investors and hedge funds own 92.69% of the company's stock.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock traded up $0.28 during trading on Friday, hitting $11.15. 3,415,051 shares of the company's stock traded hands, compared to its average volume of 2,577,167. The firm's fifty day moving average price is $8.85 and its 200 day moving average price is $10.47. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33. The company has a market cap of $1.97 billion, a PE ratio of 371.67, a PEG ratio of 3.46 and a beta of 1.58.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, beating 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 business had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. As a group, equities research analysts anticipate that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current year.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. DigitalBridge Group's dividend payout ratio (DPR) is currently 13.33%.

Analysts Set New Price Targets

Several research analysts recently commented on DBRG shares. Wells Fargo & Company lifted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Truist Financial dropped their target price on shares of DigitalBridge Group from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their target price on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating on the stock in a report on Tuesday, May 6th. JMP Securities reiterated a "market outperform" rating and issued a $16.00 target price on shares of DigitalBridge Group in a report on Friday, May 16th. Finally, Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a report on Monday, January 27th. One investment 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. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $16.06.

DigitalBridge Group 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.