Trexquant Investment LP bought a new position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 81,639 shares of the company's stock, valued at approximately $1,002,000.
Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in GCM Grosvenor by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 120,317 shares of the company's stock worth $1,362,000 after purchasing an additional 3,047 shares during the period. State Street Corp lifted its holdings in shares of GCM Grosvenor by 2.0% during the third quarter. State Street Corp now owns 1,053,204 shares of the company's stock valued at $11,922,000 after purchasing an additional 20,225 shares during the last quarter. Barclays PLC increased its stake in GCM Grosvenor by 56.9% in 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 in the last quarter. Geode Capital Management LLC lifted its stake in GCM Grosvenor by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company's stock valued at $11,375,000 after buying an additional 2,607 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of GCM Grosvenor by 232.0% in the third quarter. JPMorgan Chase & Co. now owns 100,980 shares of the company's stock worth $1,143,000 after acquiring an additional 70,565 shares in the last quarter. Institutional investors own 99.95% of the company's stock.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. Piper Sandler cut their target price on shares of GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. UBS Group increased their price target on shares of GCM Grosvenor from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $14.20.
Read Our Latest Stock Report on GCM Grosvenor
GCM Grosvenor Trading Down 2.9 %
NASDAQ GCMG traded down $0.36 during trading on Wednesday, reaching $12.25. The company's stock had a trading volume of 57,007 shares, compared to its average volume of 263,538. The business has a 50-day moving average price of $13.29 and a 200-day moving average price of $12.60. GCM Grosvenor Inc. has a 1-year low of $9.11 and a 1-year high of $14.48. The stock has a market capitalization of $2.32 billion, a PE ratio of 408.30 and a beta of 0.65.
GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last issued 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%. As a group, analysts expect that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.
GCM Grosvenor Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Monday, March 3rd. GCM Grosvenor's dividend payout ratio is currently 1,466.67%.
About GCM Grosvenor
(
Free Report)
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.
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