DigitalBridge Group, Inc. (NYSE:DBRG) Shares Purchased by Fulton Bank N.A.

Fulton Bank N.A. grew its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG) by 17.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,442 shares of the company’s stock after acquiring an additional 5,070 shares during the quarter. Fulton Bank N.A.’s holdings in DigitalBridge Group were worth $377,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of DigitalBridge Group by 24.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,364,524 shares of the company’s stock worth $19,281,000 after purchasing an additional 271,853 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in DigitalBridge Group by 101.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 314,557 shares of the company’s stock valued at $4,445,000 after buying an additional 158,790 shares in the last quarter. Geode Capital Management LLC grew its position in DigitalBridge Group by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,167,413 shares of the company’s stock valued at $58,895,000 after buying an additional 317,776 shares in the last quarter. Horizon Kinetics Asset Management LLC acquired a new position in DigitalBridge Group during the 3rd quarter valued at about $6,538,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of DigitalBridge Group by 482.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 144,772 shares of the company’s stock worth $2,046,000 after acquiring an additional 119,922 shares during the period. Institutional investors own 92.69% of the company’s stock.

DigitalBridge Group Price Performance

DBRG stock opened at $10.61 on Friday. The company’s 50 day simple moving average is $12.03 and its 200-day simple moving average is $13.21. DigitalBridge Group, Inc. has a 52-week low of $10.50 and a 52-week high of $20.99. The firm has a market capitalization of $1.85 billion, a P/E ratio of 14.53, a P/E/G ratio of 13.76 and a beta of 1.91.

DigitalBridge Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 dividend yield of 0.38%. DigitalBridge Group’s payout ratio is currently 5.48%.

Analyst Ratings Changes

A number of research firms recently commented on DBRG. B. Riley lowered their price objective on shares of DigitalBridge Group from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods downgraded DigitalBridge Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $17.75 to $14.00 in a research note on Wednesday, November 6th. 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 report on Tuesday, October 1st. Wells Fargo & Company dropped their price target on shares of DigitalBridge Group from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Finally, Raymond James reduced their price objective 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. One research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $17.38.

About DigitalBridge Group

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.