GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Bought by Barclays PLC

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

A number of other institutional investors have also modified their holdings of GCMG. Bank of New York Mellon Corp increased its stake in GCM Grosvenor by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 367,981 shares of the company's stock valued at $3,591,000 after buying an additional 12,692 shares during the period. Rhumbline Advisers increased its stake in shares of GCM Grosvenor by 2.4% during the second quarter. Rhumbline Advisers now owns 58,772 shares of the company's stock worth $574,000 after acquiring an additional 1,402 shares during the period. National Bank of Canada FI raised its holdings in GCM Grosvenor by 26.9% during the second quarter. National Bank of Canada FI now owns 184,102 shares of the company's stock worth $1,786,000 after purchasing an additional 39,013 shares in the last quarter. Renaissance Technologies LLC lifted its position in GCM Grosvenor by 9.9% in the second quarter. Renaissance Technologies LLC now owns 482,400 shares of the company's stock valued at $4,708,000 after purchasing an additional 43,600 shares during the period. Finally, Blair William & Co. IL boosted its holdings in GCM Grosvenor by 14.4% in the 2nd quarter. Blair William & Co. IL now owns 188,077 shares of the company's stock valued at $1,836,000 after purchasing an additional 23,635 shares in the last quarter. Institutional investors and hedge funds own 99.95% of the company's stock.

GCM Grosvenor Stock Performance

NASDAQ GCMG traded down $0.04 during trading hours on Friday, reaching $12.22. The company's stock had a trading volume of 193,751 shares, compared to its average volume of 196,485. The company's 50-day moving average is $12.04 and its two-hundred day moving average is $11.16. GCM Grosvenor Inc. has a fifty-two week low of $8.05 and a fifty-two week high of $12.58. The stock has a market cap of $2.31 billion, a PE ratio of -203.67 and a beta of 0.56.

GCM Grosvenor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 annualized dividend and a dividend yield of 3.60%. GCM Grosvenor's dividend payout ratio is presently -733.33%.

Analyst Upgrades and Downgrades

GCMG has been the topic of several research analyst reports. Piper Sandler upgraded shares of GCM Grosvenor from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $12.50 to $14.00 in a research report on Monday, December 23rd. Oppenheimer upped 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. TD Cowen cut shares of GCM Grosvenor from a "buy" rating to a "hold" rating and dropped their target price for the company from $13.50 to $12.50 in a report on Monday, November 11th. Finally, UBS Group boosted their price target on GCM Grosvenor from $9.50 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $13.70.

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.