Wells Fargo & Company MN Reduces Stock Position in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

Wells Fargo & Company MN trimmed its position in shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG - Free Report) by 27.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 185,991 shares of the company's stock after selling 68,924 shares during the period. Wells Fargo & Company MN owned 0.15% of Bridge Investment Group worth $1,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of BRDG. Jane Street Group LLC purchased a new stake in Bridge Investment Group in the 3rd quarter worth approximately $102,000. EntryPoint Capital LLC purchased a new position in Bridge Investment Group in the 4th quarter worth $133,000. Raymond James Financial Inc. bought a new stake in Bridge Investment Group in the fourth quarter valued at approximately $168,000. Y Intercept Hong Kong Ltd bought a new stake in Bridge Investment Group in the 4th quarter worth $221,000. Finally, Norges Bank bought a new position in Bridge Investment Group during the 4th quarter valued at approximately $597,000. 52.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BRDG shares. UBS Group lifted their target price on shares of Bridge Investment Group from $7.50 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Wells Fargo & Company dropped their target price on shares of Bridge Investment Group from $11.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $10.00 price target (down from $12.00) on shares of Bridge Investment Group in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $10.40.

Bridge Investment Group Stock Performance

Shares of BRDG stock traded down $0.19 during trading hours on Friday, reaching $9.49. 89,112 shares of the company traded hands, compared to its average volume of 262,269. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. Bridge Investment Group Holdings Inc. has a 12-month low of $6.70 and a 12-month high of $11.69. The company has a market cap of $1.17 billion, a P/E ratio of 237.81 and a beta of 1.46. The firm has a 50-day moving average price of $9.36 and a 200 day moving average price of $9.14.

Bridge Investment Group (NYSE:BRDG - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $81.96 million during the quarter, compared to analyst estimates of $82.02 million. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. As a group, sell-side analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 earnings per share for the current fiscal year.

Bridge Investment Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Bridge Investment Group's previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.64%. Bridge Investment Group's dividend payout ratio (DPR) is 488.89%.

About Bridge Investment Group

Bridge Investment Group Holdings Inc engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.