Rockefeller Capital Management L.P. Purchases 106,324 Shares of DigitalBridge Group, Inc. (NYSE:DBRG)

Rockefeller Capital Management L.P. increased its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG - Free Report) by 73.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 251,096 shares of the company's stock after acquiring an additional 106,324 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.14% of DigitalBridge Group worth $2,832,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Spire Wealth Management acquired a new stake in DigitalBridge Group during the fourth quarter valued at approximately $37,000. Manchester Capital Management LLC lifted its position in shares of DigitalBridge Group by 172.1% during the 4th quarter. Manchester Capital Management LLC now owns 4,372 shares of the company's stock valued at $49,000 after acquiring an additional 2,765 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of DigitalBridge Group by 114.0% during the 4th quarter. Meeder Asset Management Inc. now owns 5,087 shares of the company's stock worth $57,000 after acquiring an additional 2,710 shares in the last quarter. KBC Group NV grew its holdings 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 worth $94,000 after acquiring an additional 2,750 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of DigitalBridge Group by 164.0% during the fourth quarter. Blue Trust Inc. now owns 9,905 shares of the company's stock worth $112,000 after purchasing an additional 6,153 shares during the period. 92.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DBRG shares. B. Riley decreased their price target on DigitalBridge Group from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. 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 research report on Tuesday, March 25th. JPMorgan Chase & Co. reduced their price target on shares of DigitalBridge Group from $20.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, January 21st. Citizens Jmp upgraded shares of DigitalBridge Group to a "strong-buy" rating in a research report on Monday, January 27th. Finally, JMP Securities began coverage on DigitalBridge Group in a report on Monday, January 27th. They issued an "outperform" rating and a $16.00 target price for the company. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $16.39.

DigitalBridge Group Trading Up 1.1 %

NYSE DBRG traded up $0.10 on Friday, reaching $8.50. The stock had a trading volume of 421,431 shares, compared to its average volume of 2,677,407. DigitalBridge Group, Inc. has a 1 year low of $6.41 and a 1 year high of $17.36. The business has a 50 day moving average price of $9.21 and a 200 day moving average price of $11.32. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 283.17, a P/E/G ratio of 3.46 and a beta of 1.68.

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

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, March 31st. DigitalBridge Group's payout ratio is 133.33%.

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.