William Blair Investment Management LLC Lowers Holdings in DigitalBridge Group, Inc. $DBRG

Key Points

• William Blair Investment Management LLC reduced its holdings in DigitalBridge Group, Inc. by 7.4% during the 2nd quarter, now owning approximately 2.65 million shares valued at around $27.4 million.
• Despite some institutional investment increases, 92.69% of DigitalBridge's stock is currently held by hedge funds and other institutional investors.
• Analysts have mixed ratings on DigitalBridge Group, with a consensus rating of "Moderate Buy" and an average price target of $16.14.

William Blair Investment Management LLC cut its position in DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,650,120 shares of the company's stock after selling 213,301 shares during the quarter. William Blair Investment Management LLC owned about 1.50% of DigitalBridge Group worth $27,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Spirit of America Management Corp NY raised its position in shares of DigitalBridge Group by 4.5% during the 2nd quarter. Spirit of America Management Corp NY now owns 46,000 shares of the company's stock valued at $476,000 after buying an additional 2,000 shares in the last quarter. Spire Wealth Management raised its position in shares of DigitalBridge Group by 91.1% during the 1st quarter. Spire Wealth Management now owns 6,208 shares of the company's stock valued at $55,000 after buying an additional 2,960 shares in the last quarter. GAMMA Investing LLC raised its position in shares of DigitalBridge Group by 978.9% during the 1st quarter. GAMMA Investing LLC now owns 4,445 shares of the company's stock valued at $39,000 after buying an additional 4,033 shares in the last quarter. US Bancorp DE raised its position in shares of DigitalBridge Group by 187.3% during the 1st quarter. US Bancorp DE now owns 6,265 shares of the company's stock valued at $55,000 after buying an additional 4,084 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of DigitalBridge Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,556 shares of the company's stock valued at $834,000 after buying an additional 4,122 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on DBRG. Wall Street Zen upgraded shares of DigitalBridge Group from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Zacks Research cut shares of DigitalBridge Group from a "hold" rating to a "strong sell" rating in a research report on Monday, October 13th. Truist Financial lifted their target price on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Weiss Ratings reiterated a "sell (d+)" rating on shares of DigitalBridge Group in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of DigitalBridge Group from $10.50 to $11.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, DigitalBridge Group presently has a consensus rating of "Moderate Buy" and an average price target of $16.14.

DigitalBridge Group Stock Down 1.6%

Shares of DigitalBridge Group stock opened at $12.29 on Monday. The firm has a market cap of $2.24 billion, a PE ratio of -307.25 and a beta of 1.66. DigitalBridge Group, Inc. has a 12-month low of $6.41 and a 12-month high of $17.33. The company's fifty day simple moving average is $11.69 and its two-hundred day simple moving average is $10.52.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its quarterly earnings results on Thursday, March 21st. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $232.83 million during the quarter. DigitalBridge Group had a return on equity of 4.14% and a net margin of 18.57%. As a group, sell-side analysts expect that DigitalBridge Group, Inc. will post 0.17 earnings per share for the current fiscal year.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 30th. DigitalBridge Group's dividend payout ratio (DPR) is -100.00%.

About DigitalBridge Group

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.

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