DigitalBridge Group, Inc. (NYSE:DBRG) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 29.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,394 shares of the company’s stock after selling 15,672 shares during the period. Stifel Financial Corp’s holdings in DigitalBridge Group were worth $528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. nVerses Capital LLC increased its stake in DigitalBridge Group by 633.3% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the company’s stock worth $30,000 after buying an additional 1,900 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of DigitalBridge Group in the third quarter worth $34,000. Central Pacific Bank Trust Division purchased a new stake in shares of DigitalBridge Group during the third quarter worth $35,000. Blue Trust Inc. raised its stake in shares of DigitalBridge Group by 179.2% in the third quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock valued at $51,000 after acquiring an additional 2,408 shares in the last quarter. Finally, Headlands Technologies LLC boosted its holdings in DigitalBridge Group by 33,627.3% in the second quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock valued at $102,000 after purchasing an additional 7,398 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DBRG shares. Raymond James cut their price target on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Keefe, Bruyette & Woods downgraded shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. Truist Financial dropped their price objective on shares of DigitalBridge Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company reduced their price objective on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $17.88.

DigitalBridge Group Trading Down 0.5 %

Shares of NYSE:DBRG opened at $10.85 on Friday. The firm has a 50 day simple moving average of $13.12 and a 200-day simple moving average of $13.33. DigitalBridge Group, Inc. has a twelve month low of $10.60 and a twelve month high of $20.99. The company has a market capitalization of $1.89 billion, a PE ratio of 14.86, a P/E/G ratio of 13.76 and a beta of 1.89.

DigitalBridge Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.37%. DigitalBridge Group’s dividend payout ratio (DPR) is presently 5.48%.

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.