Barclays PLC Raises Stake in GCM Grosvenor Inc. (NASDAQ:GCMG)

Barclays PLC boosted its holdings in GCM Grosvenor Inc. (NASDAQ:GCMG) by 56.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,823 shares of the company’s stock after purchasing an additional 41,259 shares during the quarter. Barclays PLC’s holdings in GCM Grosvenor were worth $1,288,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in GCM Grosvenor by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 367,981 shares of the company’s stock worth $3,591,000 after buying an additional 12,692 shares during the last quarter. Rhumbline Advisers raised its stake in GCM Grosvenor by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 58,772 shares of the company’s stock valued at $574,000 after buying an additional 1,402 shares during the last quarter. National Bank of Canada FI raised its stake in GCM Grosvenor by 26.9% during the 2nd quarter. National Bank of Canada FI now owns 184,102 shares of the company’s stock valued at $1,786,000 after buying an additional 39,013 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of GCM Grosvenor by 9.9% in the 2nd quarter. Renaissance Technologies LLC now owns 482,400 shares of the company’s stock worth $4,708,000 after buying an additional 43,600 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in GCM Grosvenor by 14.4% in the second quarter. Blair William & Co. IL now owns 188,077 shares of the company’s stock worth $1,836,000 after purchasing an additional 23,635 shares during the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Stock Down 0.3 %

NASDAQ GCMG opened at $12.22 on Friday. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -203.67 and a beta of 0.56. GCM Grosvenor Inc. has a 52 week low of $8.05 and a 52 week high of $12.58. The company has a fifty day moving average of $12.04 and a two-hundred day moving average of $11.15.

GCM Grosvenor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Monday, December 2nd. GCM Grosvenor’s dividend payout ratio is currently -733.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of GCM Grosvenor from $9.50 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. TD Cowen cut GCM Grosvenor from a “buy” rating to a “hold” rating and decreased their price target for the company from $13.50 to $12.50 in a report on Monday, November 11th. Oppenheimer upped their price objective on GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, Piper Sandler upgraded shares of GCM Grosvenor from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $12.50 to $14.00 in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.70.

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.