Segall Bryant & Hamill LLC Grows Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

Segall Bryant & Hamill LLC lifted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 34.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,185,101 shares of the company’s stock after acquiring an additional 302,590 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in DigitalBridge Group were worth $13,368,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DBRG. Spire Wealth Management acquired a new position in DigitalBridge Group in the 4th quarter worth about $37,000. Manchester Capital Management LLC raised its stake 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 worth $49,000 after buying an additional 2,765 shares during the period. KBC Group NV lifted its position in shares of DigitalBridge Group by 49.3% during the 4th quarter. KBC Group NV now owns 8,326 shares of the company’s stock valued at $94,000 after buying an additional 2,750 shares in the last quarter. Blue Trust Inc. grew its stake in DigitalBridge Group by 164.0% in the 4th quarter. Blue Trust Inc. now owns 9,905 shares of the company’s stock valued at $112,000 after acquiring an additional 6,153 shares during the period. Finally, one8zero8 LLC acquired a new stake in DigitalBridge Group in the 4th quarter valued at $122,000. 92.69% of the stock is currently owned by institutional investors and hedge funds.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock opened at $9.27 on Wednesday. DigitalBridge Group, Inc. has a 1-year low of $8.95 and a 1-year high of $19.49. The stock has a market cap of $1.62 billion, a P/E ratio of 309.00, a P/E/G ratio of 3.46 and a beta of 1.91. The stock’s 50 day simple moving average is $10.57 and its 200-day simple moving average is $12.28.

DigitalBridge Group (NYSE:DBRG) last issued its earnings results on Thursday, February 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. DigitalBridge Group had a return on equity of 4.29% and a net margin of 10.98%. The company had revenue of $101.55 million during the quarter, compared to analysts’ expectations of $93.01 million. As a group, research analysts expect that DigitalBridge Group, Inc. will post 0.17 EPS for the current fiscal year.

DigitalBridge Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group’s dividend payout ratio is currently 133.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating for the company in a research report on Wednesday, February 26th. Citizens Jmp raised shares of DigitalBridge Group to a “strong-buy” rating in a research note on Monday, January 27th. Wells Fargo & Company lifted their price objective on DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. B. Riley reduced their target price on DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their price target on DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. 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’s stock. According to MarketBeat, DigitalBridge Group presently has an average rating of “Buy” and an average target price of $16.39.

DigitalBridge Group Company 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.