DigitalBridge Group, Inc. (NYSE:DBRG) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC decreased its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 15.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,645 shares of the company’s stock after selling 5,000 shares during the quarter. Sargent Investment Group LLC’s holdings in DigitalBridge Group were worth $391,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new stake in shares of DigitalBridge Group in the second quarter valued at $39,033,000. New South Capital Management Inc. grew its stake in DigitalBridge Group by 40.1% during the 2nd quarter. New South Capital Management Inc. now owns 3,929,762 shares of the company’s stock valued at $53,838,000 after purchasing an additional 1,125,549 shares in the last quarter. Wafra Inc. grew its stake in DigitalBridge Group by 7.1% during the 2nd quarter. Wafra Inc. now owns 15,455,808 shares of the company’s stock valued at $211,745,000 after purchasing an additional 1,020,409 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in DigitalBridge Group by 54.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,686,145 shares of the company’s stock worth $36,797,000 after buying an additional 952,408 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in DigitalBridge Group by 125.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,629,197 shares of the company’s stock worth $22,320,000 after buying an additional 906,297 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Up 0.8 %

DBRG stock traded up $0.10 during trading on Thursday, hitting $12.62. The company had a trading volume of 542,321 shares, compared to its average volume of 2,327,971. DigitalBridge Group, Inc. has a 52-week low of $11.07 and a 52-week high of $20.99. The firm has a market capitalization of $2.20 billion, a P/E ratio of 17.15, a PEG ratio of 2.19 and a beta of 1.94. The company has a 50 day simple moving average of $14.34 and a 200-day simple moving average of $13.72.

DigitalBridge Group Dividend Announcement

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

Analysts Set New Price Targets

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