Cerity Partners LLC Buys Shares of 67,409 DigitalBridge Group, Inc. (NYSE:DBRG)

Cerity Partners LLC bought a new stake in shares of DigitalBridge Group, Inc. (NYSE:DBRGGet Rating) during the 2nd quarter, HoldingsChannel reports. The firm bought 67,409 shares of the company’s stock, valued at approximately $329,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC grew its stake in DigitalBridge Group by 137.4% during the 2nd quarter. Lindbrook Capital LLC now owns 5,036 shares of the company’s stock valued at $25,000 after acquiring an additional 2,915 shares in the last quarter. Whittier Trust Co. grew its stake in DigitalBridge Group by 222.1% during the 1st quarter. Whittier Trust Co. now owns 5,076 shares of the company’s stock valued at $37,000 after acquiring an additional 3,500 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in DigitalBridge Group during the 1st quarter valued at about $57,000. Spire Wealth Management purchased a new position in DigitalBridge Group during the 2nd quarter valued at about $40,000. Finally, Geneos Wealth Management Inc. purchased a new position in DigitalBridge Group during the 1st quarter valued at about $70,000.

Insider Buying and Selling

In related news, CEO Marc C. Ganzi bought 32,000 shares of DigitalBridge Group stock in a transaction that occurred on Tuesday, September 20th. The stock was purchased at an average cost of $15.22 per share, for a total transaction of $487,040.00. Following the acquisition, the chief executive officer now owns 386,423 shares in the company, valued at $5,881,358.06. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other DigitalBridge Group news, COO Liam Stewart purchased 3,300 shares of the business’s stock in a transaction dated Tuesday, September 20th. The stock was bought at an average cost of $15.26 per share, for a total transaction of $50,358.00. Following the completion of the acquisition, the chief operating officer now directly owns 114,812 shares in the company, valued at $1,752,031.12. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Marc C. Ganzi purchased 32,000 shares of the business’s stock in a transaction dated Tuesday, September 20th. The shares were acquired at an average price of $15.22 per share, with a total value of $487,040.00. Following the completion of the acquisition, the chief executive officer now owns 386,423 shares of the company’s stock, valued at $5,881,358.06. The disclosure for this purchase can be found here. Corporate insiders own 3.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Raymond James reduced their price target on DigitalBridge Group from $38.00 to $34.00 and set a “strong-buy” rating for the company in a report on Monday, November 7th. Cowen reduced their price target on DigitalBridge Group from $33.00 to $27.00 in a report on Monday, November 7th. Cowen reduced their price target on DigitalBridge Group from $33.00 to $27.00 in a report on Monday, November 7th. Finally, B. Riley reduced their price target on DigitalBridge Group from $40.00 to $37.00 and set a “buy” rating for the company in a report on Monday, September 19th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.83.

DigitalBridge Group Stock Up 1.9 %

DBRG opened at $14.97 on Monday. The business has a 50 day moving average price of $13.77 and a 200 day moving average price of $18.51. DigitalBridge Group, Inc. has a twelve month low of $11.22 and a twelve month high of $34.20. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $2.39 billion, a P/E ratio of -5.69 and a beta of 1.82.

DigitalBridge Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Saturday, December 31st will be issued a $0.01 dividend. The ex-dividend date is Thursday, December 29th. This represents a $0.04 annualized dividend and a yield of 0.27%. DigitalBridge Group’s dividend payout ratio (DPR) is currently -1.52%.

DigitalBridge Group Profile

(Get Rating)

DigitalBridge (NYSE: DBRG) is an infrastructure investment firm. It specializes in investing and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, edge infrastructure, digital infrastructure and real estate. DigitalBridge Group, Inc was founded in 2009 and is headquartered in Boca Raton, Florida with additional offices in Los Angeles, California; New York, New York; Boston, Massachusetts; Denver, Colorado; London, United Kingdom; Senningerberg, Luxembourg and Singapore.

See Also

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Institutional Ownership by Quarter for DigitalBridge Group (NYSE:DBRG)

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