Vanguard Group Inc. lessened its holdings in GCM Grosvenor Inc. (NASDAQ:GCMG – Free Report) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,641,554 shares of the company’s stock after selling 113,775 shares during the quarter. Vanguard Group Inc.’s holdings in GCM Grosvenor were worth $52,542,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the business. CWM LLC increased its holdings in GCM Grosvenor by 104.8% in the fourth quarter. CWM LLC now owns 8,601 shares of the company’s stock valued at $97,000 after buying an additional 4,402 shares during the last quarter. Taylor Frigon Capital Management LLC increased its holdings in GCM Grosvenor by 1.0% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 154,837 shares of the company’s stock valued at $1,753,000 after buying an additional 1,573 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in GCM Grosvenor in the fourth quarter valued at $167,000. JPMorgan Chase & Co. increased its holdings in GCM Grosvenor by 104.0% in the third quarter. JPMorgan Chase & Co. now owns 582,337 shares of the company’s stock valued at $7,029,000 after buying an additional 296,860 shares during the last quarter. Finally, Penn Capital Management Company LLC increased its holdings in GCM Grosvenor by 1.0% in the third quarter. Penn Capital Management Company LLC now owns 683,929 shares of the company’s stock valued at $8,264,000 after buying an additional 7,032 shares during the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Oppenheimer increased their target price on GCM Grosvenor from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of GCM Grosvenor in a report on Friday, April 10th. Wall Street Zen lowered GCM Grosvenor from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Piper Sandler decreased their price objective on shares of GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.50.
GCM Grosvenor Stock Performance
NASDAQ GCMG opened at $10.65 on Friday. The company has a debt-to-equity ratio of 2.97, a current ratio of 4.05 and a quick ratio of 4.05. GCM Grosvenor Inc. has a 1 year low of $9.30 and a 1 year high of $13.22. The company has a market capitalization of $2.15 billion, a PE ratio of 23.67 and a beta of 0.87. The company has a fifty day moving average of $10.50 and a two-hundred day moving average of $11.07.
GCM Grosvenor (NASDAQ:GCMG – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. GCM Grosvenor had a net margin of 9.05% and a return on equity of 222.78%. The company had revenue of $124.78 million during the quarter, compared to the consensus estimate of $130.13 million. As a group, analysts expect that GCM Grosvenor Inc. will post 0.71 earnings per share for the current year.
GCM Grosvenor Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, June 5th. GCM Grosvenor’s dividend payout ratio is currently 106.67%.
GCM Grosvenor Profile
GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.
Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.
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