Barclays PLC Buys 41,259 Shares of GCM Grosvenor Inc. (NASDAQ:GCMG)

Barclays PLC raised its position in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 56.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,823 shares of the company's stock after purchasing an additional 41,259 shares during the period. Barclays PLC owned 0.06% of GCM Grosvenor worth $1,288,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Copeland Capital Management LLC bought a new stake in shares of GCM Grosvenor during the 3rd quarter worth $58,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of GCM Grosvenor during the 2nd quarter worth $157,000. SG Americas Securities LLC bought a new stake in shares of GCM Grosvenor during the 3rd quarter worth $191,000. Quest Partners LLC bought a new stake in shares of GCM Grosvenor during the 3rd quarter worth $424,000. Finally, PDT Partners LLC bought a new stake in shares of GCM Grosvenor during the 3rd quarter worth $449,000. 99.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Oppenheimer lifted their target price on shares of GCM Grosvenor from $18.00 to $20.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. UBS Group lifted their target price on shares of GCM Grosvenor from $9.50 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Piper Sandler upgraded shares of GCM Grosvenor from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $12.50 to $14.00 in a research report on Monday, December 23rd. Finally, TD Cowen cut shares of GCM Grosvenor from a "buy" rating to a "hold" rating and decreased their target price for the stock from $13.50 to $12.50 in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, GCM Grosvenor currently has an average rating of "Hold" and an average target price of $13.70.

GCM Grosvenor Price Performance

Shares of GCMG stock remained flat at $12.76 during mid-day trading on Monday. 253,368 shares of the company's stock were exchanged, compared to its average volume of 329,381. The company has a 50-day moving average price of $12.25 and a 200-day moving average price of $11.39. GCM Grosvenor Inc. has a 12-month low of $8.05 and a 12-month high of $12.90. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of -212.67 and a beta of 0.56.

GCM Grosvenor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Monday, December 2nd. GCM Grosvenor's payout ratio is -733.33%.

About GCM Grosvenor

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.