43,667 Shares in GCM Grosvenor Inc. (NASDAQ:GCMG) Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new stake in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 43,667 shares of the company's stock, valued at approximately $536,000.

Several other large investors also recently bought and sold shares of GCMG. Barclays PLC grew its position in GCM Grosvenor by 56.9% during the 3rd quarter. Barclays PLC now owns 113,823 shares of the company's stock worth $1,288,000 after purchasing an additional 41,259 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of GCM Grosvenor by 232.0% during the third quarter. JPMorgan Chase & Co. now owns 100,980 shares of the company's stock worth $1,143,000 after buying an additional 70,565 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of GCM Grosvenor by 3.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,485,933 shares of the company's stock worth $28,141,000 after buying an additional 87,010 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in GCM Grosvenor by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 120,317 shares of the company's stock valued at $1,362,000 after acquiring an additional 3,047 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in GCM Grosvenor by 86,424.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 59,702 shares of the company's stock valued at $733,000 after acquiring an additional 59,633 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company's stock.

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GCM Grosvenor Stock Performance

NASDAQ:GCMG traded down $0.26 during trading hours on Monday, hitting $12.64. The company's stock had a trading volume of 536,503 shares, compared to its average volume of 231,234. The company has a market capitalization of $2.39 billion, a PE ratio of 421.33 and a beta of 0.58. GCM Grosvenor Inc. has a 52-week low of $8.53 and a 52-week high of $14.48. The business's 50-day moving average is $13.38 and its two-hundred day moving average is $12.24.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last announced 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 net margin of 3.64% and a negative return on equity of 101.23%. As a group, analysts predict 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 will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 3.48%. GCM Grosvenor's dividend payout ratio is presently 1,466.67%.

Analyst Ratings Changes

Several brokerages have weighed in on GCMG. Oppenheimer lifted their target price on GCM Grosvenor from $18.00 to $20.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Piper Sandler raised shares of GCM Grosvenor from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $12.50 to $14.00 in a research note on Monday, December 23rd. 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 research note on Wednesday, February 19th. Finally, TD Cowen lowered shares of GCM Grosvenor from a "buy" rating to a "hold" rating and dropped their price target for the stock from $13.50 to $12.50 in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $14.10.

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.