DigitalBridge Group, Inc. (NYSE:DBRG) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 78.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,212 shares of the company’s stock after selling 7,938 shares during the period. US Bancorp DE’s holdings in DigitalBridge Group were worth $31,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Sei Investments Co. increased its position in shares of DigitalBridge Group by 77.9% during the first quarter. Sei Investments Co. now owns 302,856 shares of the company’s stock worth $5,836,000 after acquiring an additional 132,638 shares during the period. Russell Investments Group Ltd. grew its stake in DigitalBridge Group by 16.6% during the 1st quarter. Russell Investments Group Ltd. now owns 120,604 shares of the company’s stock worth $2,324,000 after purchasing an additional 17,159 shares in the last quarter. ProShare Advisors LLC increased its holdings in DigitalBridge Group by 8.6% during the 1st quarter. ProShare Advisors LLC now owns 29,092 shares of the company’s stock worth $561,000 after purchasing an additional 2,292 shares during the period. State Board of Administration of Florida Retirement System raised its position in DigitalBridge Group by 16.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 53,988 shares of the company’s stock valued at $1,040,000 after purchasing an additional 7,780 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in DigitalBridge Group by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 23,274,328 shares of the company’s stock valued at $448,496,000 after purchasing an additional 256,016 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

NYSE DBRG opened at $12.56 on Tuesday. The company has a fifty day moving average of $14.40 and a two-hundred day moving average of $13.64. The company has a market capitalization of $2.19 billion, a PE ratio of 17.21, a P/E/G ratio of 2.23 and a beta of 1.94. DigitalBridge Group, Inc. has a 1 year low of $11.07 and a 1 year high of $20.99.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. DigitalBridge Group’s dividend payout ratio is presently 5.48%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DBRG. Deutsche Bank Aktiengesellschaft cut their target price on shares of DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Keefe, Bruyette & Woods downgraded shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $17.75 to $14.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price objective on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Wells Fargo & Company dropped their target price on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Finally, Truist Financial decreased their price target on DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $18.13.

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.