DigitalBridge Group, Inc. (NYSE:DBRG) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 1.2% in the third quarter, Holdings Channel reports. The firm owned 2,930,766 shares of the company’s stock after buying an additional 34,168 shares during the period. Charles Schwab Investment Management Inc.’s holdings in DigitalBridge Group were worth $41,412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DBRG. Victory Capital Management Inc. lifted its holdings in shares of DigitalBridge Group by 4.1% in the 2nd quarter. Victory Capital Management Inc. now owns 22,165 shares of the company’s stock worth $304,000 after acquiring an additional 870 shares during the last quarter. Arizona State Retirement System increased its holdings in DigitalBridge Group by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 45,735 shares of the company’s stock valued at $627,000 after purchasing an additional 872 shares during the last quarter. Fulton Bank N.A. raised its position in DigitalBridge Group by 3.2% in the third quarter. Fulton Bank N.A. now owns 28,372 shares of the company’s stock valued at $401,000 after purchasing an additional 878 shares during the period. King Luther Capital Management Corp lifted its stake in DigitalBridge Group by 1.3% during the second quarter. King Luther Capital Management Corp now owns 71,038 shares of the company’s stock worth $973,000 after purchasing an additional 942 shares in the last quarter. Finally, nVerses Capital LLC boosted its position in shares of DigitalBridge Group by 633.3% during the second 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. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company lowered their target price on DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Truist Financial dropped their price objective on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. JPMorgan Chase & Co. increased their target price on shares of DigitalBridge Group from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Keefe, Bruyette & Woods downgraded shares of DigitalBridge Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. Finally, Raymond James reduced their price objective on DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, DigitalBridge Group has a consensus rating of “Buy” and an average price target of $18.13.

DigitalBridge Group Price Performance

DigitalBridge Group stock opened at $13.29 on Tuesday. The business has a 50 day simple moving average of $14.17 and a 200-day simple moving average of $13.51. DigitalBridge Group, Inc. has a 12 month low of $11.07 and a 12 month high of $20.99. The stock has a market capitalization of $2.31 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 8.23 and a beta of 1.94.

DigitalBridge Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Tuesday, December 31st. DigitalBridge Group’s payout ratio is 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.