American Century Companies Inc. Buys New Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

American Century Companies Inc. purchased a new stake in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 117,104 shares of the company's stock, valued at approximately $1,437,000. American Century Companies Inc. owned 0.06% of GCM Grosvenor at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in GCM Grosvenor by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company's stock valued at $11,375,000 after buying an additional 2,607 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in GCM Grosvenor by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 123,112 shares of the company's stock valued at $1,511,000 after buying an additional 2,795 shares during the period. Rhumbline Advisers increased its stake in shares of GCM Grosvenor by 5.6% in the 4th quarter. Rhumbline Advisers now owns 58,462 shares of the company's stock valued at $717,000 after acquiring an additional 3,111 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of GCM Grosvenor by 20.1% during the 4th quarter. SG Americas Securities LLC now owns 20,223 shares of the company's stock valued at $248,000 after acquiring an additional 3,379 shares during the period. Finally, R Squared Ltd acquired a new stake in GCM Grosvenor in the fourth quarter worth $57,000. 99.95% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several analysts have recently commented on GCMG shares. UBS Group raised their target price on GCM Grosvenor from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Piper Sandler cut their target price on GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $14.20.

GCM Grosvenor Stock Performance

GCMG traded down $0.09 during mid-day trading on Tuesday, reaching $12.70. 46,665 shares of the stock were exchanged, compared to its average volume of 262,703. The company has a 50 day moving average price of $13.31 and a two-hundred day moving average price of $12.60. GCM Grosvenor Inc. has a 1 year low of $9.18 and a 1 year high of $15.10. The stock has a market capitalization of $2.40 billion, a PE ratio of 423.00 and a beta of 0.65.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). GCM Grosvenor had a negative return on equity of 101.23% and a net margin of 3.64%. Sell-side analysts expect that GCM Grosvenor Inc. will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Monday, March 3rd. GCM Grosvenor's dividend payout ratio (DPR) is currently 1,466.67%.

GCM Grosvenor Profile

GCM Grosvenor Inc is global alternative asset management solutions provider. The firm primarily provides its services to pooled investment vehicles. It also provides its services to investment companies, high net worth individuals, pension and profit sharing plans and state or municipal government entities.