DigitalBridge Group, Inc. (NYSE:DBRG) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 974,294 shares of the company’s stock after selling 54,470 shares during the period. Sei Investments Co.’s holdings in DigitalBridge Group were worth $10,990,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DBRG. Horizon Kinetics Asset Management LLC boosted its stake in shares of DigitalBridge Group by 868.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 4,483,340 shares of the company’s stock valued at $50,572,000 after purchasing an additional 4,020,627 shares during the period. State Street Corp boosted its position in DigitalBridge Group by 12.0% in the 3rd quarter. State Street Corp now owns 4,427,379 shares of the company’s stock valued at $62,603,000 after buying an additional 474,101 shares during the last quarter. Geode Capital Management LLC increased its position in shares of DigitalBridge Group by 8.3% during the third quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock worth $58,895,000 after acquiring an additional 317,776 shares during the last quarter. New South Capital Management Inc. lifted its stake in shares of DigitalBridge Group by 2.9% in the fourth quarter. New South Capital Management Inc. now owns 4,055,232 shares of the company’s stock worth $45,743,000 after acquiring an additional 115,029 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in DigitalBridge Group by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,030,657 shares of the company’s stock valued at $34,186,000 after purchasing an additional 99,891 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Down 2.9 %

Shares of NYSE:DBRG opened at $8.88 on Friday. The firm has a 50-day simple moving average of $10.45 and a 200 day simple moving average of $12.22. DigitalBridge Group, Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $19.49. The company has a market cap of $1.55 billion, a PE ratio of 295.83, a P/E/G ratio of 3.46 and a beta of 1.91.

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

DigitalBridge Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) is 133.33%.

Analyst Ratings Changes

Several research firms have issued reports on DBRG. Keefe, Bruyette & Woods dropped their price objective on DigitalBridge Group from $14.00 to $13.50 and set a “market perform” rating on the stock in a report on Wednesday, February 26th. JMP Securities initiated coverage on shares of DigitalBridge Group in a research note on Monday, January 27th. They set an “outperform” rating and a $16.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. JPMorgan Chase & Co. cut their target price on shares of DigitalBridge Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Finally, Truist Financial decreased their price target on DigitalBridge Group from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus 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.