GCM Grosvenor Inc. (NASDAQ:GCMG) Stake Boosted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its stake in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 40.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 404,562 shares of the company's stock after buying an additional 115,546 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.21% of GCM Grosvenor worth $4,964,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GCMG. State Street Corp raised its stake in shares of GCM Grosvenor by 2.0% during the 3rd quarter. State Street Corp now owns 1,053,204 shares of the company's stock worth $11,922,000 after buying an additional 20,225 shares during the last quarter. Geode Capital Management LLC raised its position in GCM Grosvenor by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company's stock worth $11,375,000 after acquiring an additional 2,607 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of GCM Grosvenor by 0.6% in the fourth quarter. Blair William & Co. IL now owns 225,695 shares of the company's stock valued at $2,769,000 after purchasing an additional 1,270 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of GCM Grosvenor by 87.1% in the fourth quarter. JPMorgan Chase & Co. now owns 188,925 shares of the company's stock valued at $2,318,000 after purchasing an additional 87,945 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 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 purchasing an additional 2,795 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Piper Sandler cut their price objective on GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating for the company in a research report on Tuesday. UBS Group boosted their price target on GCM Grosvenor from $13.00 to $14.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $14.20.

GCM Grosvenor Stock Up 1.4 %

Shares of GCMG traded up $0.17 during mid-day trading on Friday, hitting $12.64. The company had a trading volume of 263,782 shares, compared to its average volume of 262,403. The business's 50-day simple moving average is $13.32 and its 200-day simple moving average is $12.59. GCM Grosvenor Inc. has a 1-year low of $9.18 and a 1-year high of $14.48. The stock has a market cap of $2.39 billion, a PE ratio of 421.33 and a beta of 0.65.

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

GCM Grosvenor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Monday, March 3rd. GCM Grosvenor's payout ratio is 1,466.67%.

GCM Grosvenor Company 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.