Franklin Resources Inc. Makes New Investment in GCM Grosvenor Inc. (NASDAQ:GCMG)

Franklin Resources Inc. acquired a new position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 45,255 shares of the company's stock, valued at approximately $555,000.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. acquired a new stake in GCM Grosvenor during the fourth quarter worth approximately $1,437,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of GCM Grosvenor by 40.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 404,562 shares of the company's stock worth $4,964,000 after purchasing an additional 115,546 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of GCM Grosvenor by 87.1% during the fourth quarter. JPMorgan Chase & Co. now owns 188,925 shares of the company's stock worth $2,318,000 after purchasing an additional 87,945 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of GCM Grosvenor by 86,424.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 59,702 shares of the company's stock valued at $733,000 after purchasing an additional 59,633 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in GCM Grosvenor in the fourth quarter valued at $536,000. Institutional investors and hedge funds own 99.95% of the company's stock.

Analyst Ratings Changes

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

GCM Grosvenor Trading Down 0.4 %

NASDAQ:GCMG traded down $0.05 during mid-day trading on Friday, hitting $12.32. The company had a trading volume of 350,311 shares, compared to its average volume of 268,032. The business has a fifty day simple moving average of $13.20 and a 200-day simple moving average of $12.62. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 410.67 and a beta of 0.65. GCM Grosvenor Inc. has a 1 year low of $9.25 and a 1 year high of $14.48.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last released its quarterly 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%. As a group, research analysts anticipate that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.57%. 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.