XTX Topco Ltd Invests $127,000 in Bridge Investment Group Holdings Inc. (NYSE:BRDG)

XTX Topco Ltd purchased a new stake in shares of Bridge Investment Group Holdings Inc. (NYSE:BRDG) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 12,901 shares of the company’s stock, valued at approximately $127,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in shares of Bridge Investment Group by 2.3% during the third quarter. Jennison Associates LLC now owns 3,370,882 shares of the company’s stock valued at $33,271,000 after acquiring an additional 74,779 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Bridge Investment Group by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,328 shares of the company’s stock valued at $411,000 after purchasing an additional 1,735 shares in the last quarter. FMR LLC increased its holdings in Bridge Investment Group by 288.0% during the 3rd quarter. FMR LLC now owns 1,509,690 shares of the company’s stock worth $14,901,000 after purchasing an additional 1,120,549 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in Bridge Investment Group by 21.7% during the 2nd quarter. 1832 Asset Management L.P. now owns 171,620 shares of the company’s stock worth $1,273,000 after purchasing an additional 30,620 shares during the last quarter. Finally, Quarry LP raised its position in shares of Bridge Investment Group by 22.5% in the 2nd quarter. Quarry LP now owns 8,350 shares of the company’s stock valued at $62,000 after purchasing an additional 1,535 shares in the last quarter. Hedge funds and other institutional investors own 52.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on BRDG shares. Wells Fargo & Company lifted their price target on shares of Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. TD Cowen dropped their target price on shares of Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. Morgan Stanley cut shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $14.00 to $11.00 in a research report on Friday, November 8th. Finally, UBS Group lifted their price target on Bridge Investment Group from $7.00 to $11.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.00.

Bridge Investment Group Stock Up 1.3 %

BRDG stock opened at $8.50 on Friday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 212.55 and a beta of 1.54. Bridge Investment Group Holdings Inc. has a 1-year low of $6.18 and a 1-year high of $11.69. The firm has a fifty day moving average price of $9.98 and a two-hundred day moving average price of $8.79. 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 (NYSE:BRDG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. The business had revenue of $101.51 million for the quarter, compared to the consensus estimate of $85.00 million. During the same period in the prior year, the company earned $0.22 EPS. Research analysts predict that Bridge Investment Group Holdings Inc. will post 0.68 EPS for the current year.

Bridge Investment Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, December 6th. This represents a $0.40 annualized dividend and a yield of 4.71%. Bridge Investment Group’s payout ratio is 1,000.00%.

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.