Segall Bryant & Hamill LLC Has $24.26 Million Stake in DigitalBridge Group, Inc. $DBRG

Segall Bryant & Hamill LLC boosted its stake in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 65.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,343,736 shares of the company’s stock after acquiring an additional 929,920 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in DigitalBridge Group were worth $24,258,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of DigitalBridge Group by 187.3% in the 1st quarter. US Bancorp DE now owns 6,265 shares of the company’s stock valued at $55,000 after purchasing an additional 4,084 shares in the last quarter. Headlands Technologies LLC increased its position in shares of DigitalBridge Group by 200.5% during the 1st quarter. Headlands Technologies LLC now owns 8,774 shares of the company’s stock worth $77,000 after purchasing an additional 5,854 shares in the last quarter. NCM Capital Management LLC bought a new position in DigitalBridge Group during the 1st quarter valued at about $92,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in DigitalBridge Group during the 2nd quarter valued at about $113,000. Finally, Envestnet Asset Management Inc. boosted its position in DigitalBridge Group by 12.5% in the second quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock valued at $122,000 after buying an additional 1,309 shares in the last quarter. 92.69% of the stock is owned by institutional investors.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock opened at $9.17 on Friday. The firm has a 50 day simple moving average of $11.62 and a 200 day simple moving average of $11.06. DigitalBridge Group, Inc. has a fifty-two week low of $6.41 and a fifty-two week high of $14.00. The firm has a market cap of $1.68 billion, a P/E ratio of -229.25 and a beta of 1.78.

DigitalBridge Group (NYSE:DBRG) last posted its quarterly earnings data on Thursday, March 21st. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $232.83 million for the quarter. DigitalBridge Group had a return on equity of 4.14% and a net margin of 18.57%. On average, sell-side analysts expect that DigitalBridge Group, Inc. will post 0.17 EPS for the current year.

DigitalBridge Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 31st. DigitalBridge Group’s dividend payout ratio is 66.67%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DBRG. Truist Financial raised their price objective on shares of DigitalBridge Group from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Keefe, Bruyette & Woods boosted their target price on DigitalBridge Group from $11.00 to $12.50 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Zacks Research raised DigitalBridge Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Wall Street Zen upgraded DigitalBridge Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, TD Cowen increased their target price on DigitalBridge Group from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.93.

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.