DigitalBridge Group, Inc. (NYSE:DBRG) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,522,539 shares of the company's stock after buying an additional 26,930 shares during the quarter. Northern Trust Corp owned about 0.87% of DigitalBridge Group worth $17,174,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DBRG. Spire Wealth Management acquired a new position in DigitalBridge Group in the fourth quarter worth approximately $37,000. Manchester Capital Management LLC lifted its position in shares of DigitalBridge Group by 172.1% in the fourth quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock worth $49,000 after purchasing an additional 2,765 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of DigitalBridge Group by 114.0% in the fourth 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. KBC Group NV raised its stake in DigitalBridge Group by 49.3% in the 4th quarter. KBC Group NV now owns 8,326 shares of the company's stock worth $94,000 after purchasing an additional 2,750 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of DigitalBridge Group by 164.0% in the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock worth $112,000 after acquiring an additional 6,153 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DBRG shares. Truist Financial lowered their price target 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 price target on shares of DigitalBridge Group from $13.50 to $10.50 and set a "market perform" rating for the company in a research note on Tuesday, May 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $16.00 price objective on shares of DigitalBridge Group in a report on Friday. JPMorgan Chase & Co. lowered their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Finally, Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $16.06.

DigitalBridge Group Stock Performance

Shares of NYSE DBRG traded down $0.12 during mid-day trading on Tuesday, reaching $11.47. The company had a trading volume of 211,216 shares, compared to its average volume of 2,549,263. DigitalBridge Group, Inc. has a twelve month low of $6.41 and a twelve month high of $17.33. The stock's 50 day moving average is $8.72 and its 200-day moving average is $10.50. The stock has a market capitalization of $2.02 billion, a PE ratio of 381.33, a price-to-earnings-growth ratio of 3.46 and a beta of 1.58.

DigitalBridge Group (NYSE:DBRG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $101.55 million for the quarter, compared to analyst estimates of $93.01 million. DigitalBridge Group had a net margin of 10.98% and a return on equity of 4.29%. On average, sell-side analysts anticipate that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, June 30th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. DigitalBridge Group's dividend payout ratio is presently 13.33%.

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.