Rockefeller Capital Management L.P. Raises Stake in DigitalBridge Group, Inc. $DBRG

Rockefeller Capital Management L.P. lifted its stake in DigitalBridge Group, Inc. (NYSE:DBRG) by 23.6% during the fourth quarter, HoldingsChannel reports. The firm owned 438,598 shares of the company’s stock after purchasing an additional 83,786 shares during the period. Rockefeller Capital Management L.P.’s holdings in DigitalBridge Group were worth $6,728,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. CIBRA Capital Ltd purchased a new position in shares of DigitalBridge Group during the fourth quarter worth approximately $2,006,000. Jefferies Financial Group Inc. purchased a new stake in shares of DigitalBridge Group in the third quarter valued at approximately $1,018,000. Vanguard Group Inc. boosted its holdings in shares of DigitalBridge Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 17,351,817 shares of the company’s stock valued at $266,177,000 after purchasing an additional 116,360 shares during the period. Azora Capital LP grew its stake in DigitalBridge Group by 62.6% in the third quarter. Azora Capital LP now owns 3,703,734 shares of the company’s stock worth $43,334,000 after purchasing an additional 1,425,583 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its stake in DigitalBridge Group by 29.0% in the third quarter. ArrowMark Colorado Holdings LLC now owns 912,121 shares of the company’s stock worth $10,672,000 after purchasing an additional 205,000 shares in the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Stock Performance

NYSE:DBRG opened at $15.76 on Friday. DigitalBridge Group, Inc. has a one year low of $8.94 and a one year high of $15.80. The firm has a market cap of $2.87 billion, a P/E ratio of 32.15 and a beta of 1.48. The firm has a 50-day simple moving average of $15.67 and a 200-day simple moving average of $15.34.

DigitalBridge Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. DigitalBridge Group’s payout ratio is 8.16%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial started coverage on DigitalBridge Group in a report on Tuesday, March 31st. They set a “buy” rating and a $16.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of DigitalBridge Group in a report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, DigitalBridge Group presently has a consensus rating of “Hold” and an average target price of $16.00.

DigitalBridge Group Company Profile

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.