National Bank of Canada FI Trims Stake in GCM Grosvenor Inc. (NASDAQ:GCMG)

National Bank of Canada FI decreased its position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 98.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,871 shares of the company's stock after selling 167,906 shares during the period. National Bank of Canada FI's holdings in GCM Grosvenor were worth $35,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in GCM Grosvenor by 2.0% in the 3rd quarter. State Street Corp now owns 1,053,204 shares of the company's stock worth $11,922,000 after purchasing an additional 20,225 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of GCM Grosvenor by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company's stock worth $11,375,000 after buying an additional 2,607 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in GCM Grosvenor by 40.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 404,562 shares of the company's stock valued at $4,964,000 after acquiring an additional 115,546 shares in the last quarter. Blair William & Co. IL increased its holdings in GCM Grosvenor by 0.6% in the 4th quarter. Blair William & Co. IL now owns 225,695 shares of the company's stock valued at $2,769,000 after acquiring an additional 1,270 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in GCM Grosvenor by 87.1% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 99.95% of the company's stock.

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GCM Grosvenor Trading Down 1.4 %

Shares of NASDAQ:GCMG traded down $0.18 during trading on Tuesday, reaching $12.61. The company's stock had a trading volume of 288,596 shares, compared to its average volume of 264,313. The stock has a market capitalization of $2.39 billion, a PE ratio of 420.33 and a beta of 0.65. GCM Grosvenor Inc. has a 12 month low of $9.18 and a 12 month high of $15.10. The firm's 50 day simple moving average is $13.29 and its two-hundred day simple moving average is $12.60.

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 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%. Research analysts anticipate that GCM Grosvenor Inc. will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

The company also recently disclosed 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 3.49%. The ex-dividend date of this dividend was Monday, March 3rd. GCM Grosvenor's payout ratio is currently 1,466.67%.

Wall Street Analysts Forecast Growth

GCMG has been the subject of a number of research analyst reports. 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, April 8th. UBS Group raised 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, GCM Grosvenor currently has a consensus rating of "Hold" and a consensus target price of $14.20.

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.