BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Stock Holdings in DigitalBridge Group, Inc. (NYSE:DBRG)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 24.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,364,524 shares of the company’s stock after purchasing an additional 271,853 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.78% of DigitalBridge Group worth $19,281,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. nVerses Capital LLC grew its position in shares of DigitalBridge Group by 633.3% in the 2nd 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. Meeder Asset Management Inc. bought a new stake in DigitalBridge Group in the third quarter valued at $34,000. Central Pacific Bank Trust Division purchased a new position in DigitalBridge Group during the 3rd quarter valued at $35,000. Blue Trust Inc. raised its holdings in DigitalBridge Group by 179.2% in the 3rd quarter. Blue Trust Inc. now owns 3,752 shares of the company’s stock worth $51,000 after purchasing an additional 2,408 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of DigitalBridge Group by 33,627.3% in the 2nd quarter. Headlands Technologies LLC now owns 7,420 shares of the company’s stock worth $102,000 after purchasing an additional 7,398 shares during the period. 92.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DBRG shares. Truist Financial reduced their price target on shares of DigitalBridge Group from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, August 21st. Keefe, Bruyette & Woods lowered DigitalBridge Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $17.75 to $14.00 in a research report on Wednesday, November 6th. 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 report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on DigitalBridge Group from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Wells Fargo & Company dropped their target price on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $18.13.

DigitalBridge Group Price Performance

Shares of DigitalBridge Group stock opened at $12.33 on Friday. DigitalBridge Group, Inc. has a 1 year low of $11.07 and a 1 year high of $20.99. The firm’s 50-day moving average is $14.30 and its 200 day moving average is $13.58. The stock has a market cap 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid 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 dividend payout ratio is presently 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.