GCM Grosvenor Inc. (NASDAQ:GCMG) Stock Position Increased by Barclays PLC

Barclays PLC boosted its position in GCM Grosvenor Inc. (NASDAQ:GCMG) by 56.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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.

Several other hedge funds have also recently bought and sold shares of the company. Copeland Capital Management LLC acquired a new position in GCM Grosvenor during the 3rd quarter valued at about $58,000. Susquehanna Fundamental Investments LLC acquired a new position in GCM Grosvenor during the 2nd quarter valued at about $157,000. SG Americas Securities LLC acquired a new position in GCM Grosvenor during the 3rd quarter valued at about $191,000. Quest Partners LLC acquired a new position in GCM Grosvenor during the 3rd quarter valued at about $424,000. Finally, PDT Partners LLC acquired a new position in GCM Grosvenor during the 3rd quarter valued at about $449,000. 99.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on GCMG. Oppenheimer raised their target price on shares of 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 lifted their price objective for the stock from $12.50 to $14.00 in a research note on Monday, December 23rd. UBS Group lifted their price objective on shares of GCM Grosvenor from $9.50 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen cut shares of GCM Grosvenor from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $13.50 to $12.50 in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, GCM Grosvenor has an average rating of “Hold” and an average target price of $13.70.

GCM Grosvenor Price Performance

Shares of GCMG opened at $12.76 on Monday. The firm’s 50 day moving average is $12.22 and its 200-day moving average is $11.37. The stock has a market capitalization of $2.41 billion, a P/E ratio of -212.67 and a beta of 0.56. GCM Grosvenor Inc. has a 12-month low of $8.05 and a 12-month high of $12.90.

GCM Grosvenor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Monday, December 2nd. GCM Grosvenor’s dividend payout ratio (DPR) is currently -733.33%.

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.