BNP PARIBAS ASSET MANAGEMENT Holding S.A. Boosts Stake in DigitalBridge Group, Inc. (NYSE:DBRG)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 24.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,364,524 shares of the company’s stock after buying an additional 271,853 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in DigitalBridge Group were worth $19,281,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Russell Investments Group Ltd. grew its stake in shares of DigitalBridge Group by 16.6% in the first quarter. Russell Investments Group Ltd. now owns 120,604 shares of the company’s stock worth $2,324,000 after acquiring an additional 17,159 shares during the period. State Board of Administration of Florida Retirement System grew its position in DigitalBridge Group by 16.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 53,988 shares of the company’s stock worth $1,040,000 after purchasing an additional 7,780 shares during the period. Vanguard Group Inc. raised its stake in DigitalBridge Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 23,274,328 shares of the company’s stock valued at $448,496,000 after buying an additional 256,016 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of DigitalBridge Group by 4.8% during the 1st quarter. 1832 Asset Management L.P. now owns 1,047,747 shares of the company’s stock valued at $20,190,000 after buying an additional 47,747 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of DigitalBridge Group in the 1st quarter worth $9,661,000. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Price Performance

Shares of DBRG stock opened at $12.33 on Friday. DigitalBridge Group, Inc. has a one year low of $11.07 and a one year high of $20.99. The company’s fifty day moving average price is $14.30 and its 200-day moving average price is $13.58. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 2.17 and a beta of 1.94.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. DigitalBridge Group’s payout ratio is 5.48%.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on DigitalBridge Group from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Raymond James reduced their price target on shares of DigitalBridge Group from $19.00 to $16.00 and set a “strong-buy” rating for the company in a research report on Tuesday, November 5th. Truist Financial dropped their price objective on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Wells Fargo & Company reduced their target price on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, DigitalBridge Group presently has a consensus rating of “Buy” and an average target price of $18.13.

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.