JPMorgan Chase & Co. Grows Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

JPMorgan Chase & Co. grew its holdings in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 87.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,925 shares of the company's stock after acquiring an additional 87,945 shares during the quarter. JPMorgan Chase & Co. owned 0.10% of GCM Grosvenor worth $2,318,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. EntryPoint Capital LLC bought a new stake in GCM Grosvenor in the 4th quarter valued at approximately $173,000. American Century Companies Inc. bought a new position in GCM Grosvenor during the fourth quarter worth $1,437,000. Quantbot Technologies LP grew its stake in GCM Grosvenor by 1,474.0% in the 4th quarter. Quantbot Technologies LP now owns 9,334 shares of the company's stock valued at $115,000 after buying an additional 8,741 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of GCM Grosvenor in the fourth quarter valued at approximately $290,000. Finally, Cornerstone Investment Partners LLC bought a new position in GCM Grosvenor during the 4th quarter worth $298,000. Institutional investors and hedge funds own 99.95% of the company's stock.

Wall Street Analysts Forecast Growth

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

GCM Grosvenor Price Performance

Shares of GCM Grosvenor stock traded down $0.03 during trading on Friday, hitting $12.39. The company's stock had a trading volume of 257,421 shares, compared to its average volume of 272,756. The stock has a 50-day moving average price of $13.04 and a two-hundred day moving average price of $12.66. GCM Grosvenor Inc. has a 52 week low of $9.25 and a 52 week high of $14.48. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 413.00 and a beta of 0.65.

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

GCM Grosvenor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.55%. 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.