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

Sargent Investment Group LLC reduced its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 15.3% during the 3rd quarter, HoldingsChannel.com reports. 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 as of its most recent filing with the Securities and Exchange Commission.

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

DigitalBridge Group Stock Performance

Shares of NYSE DBRG traded up $0.10 during mid-day trading on Thursday, hitting $12.62. 542,321 shares of the stock traded hands, compared to its average volume of 2,327,971. The stock has a fifty day moving average price of $14.34 and a 200-day moving average price of $13.72. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 2.19 and a beta of 1.94. DigitalBridge Group, Inc. has a 52 week low of $11.07 and a 52 week high of $20.99.

DigitalBridge Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.01 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. DigitalBridge Group’s dividend payout ratio is currently 5.48%.

Analyst Upgrades and Downgrades

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