GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,318,318 shares of the company’s stock after selling 167,615 shares during the period. Massachusetts Financial Services Co. MA owned 1.23% of GCM Grosvenor worth $28,446,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GCMG. American Century Companies Inc. acquired a new stake in shares of GCM Grosvenor during the 4th quarter worth $1,437,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of GCM Grosvenor by 40.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 404,562 shares of the company’s stock worth $4,964,000 after purchasing an additional 115,546 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of GCM Grosvenor by 87.1% in the 4th quarter. JPMorgan Chase & Co. now owns 188,925 shares of the company’s stock worth $2,318,000 after purchasing an additional 87,945 shares during the period. Trexquant Investment LP acquired a new position in shares of GCM Grosvenor in the 4th quarter valued at about $1,002,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of GCM Grosvenor by 86,424.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 59,702 shares of the company’s stock valued at $733,000 after purchasing an additional 59,633 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Trading Down 3.3 %

Shares of GCMG stock opened at $12.47 on Monday. The firm has a fifty day simple moving average of $13.47 and a 200-day simple moving average of $12.55. The company has a market capitalization of $2.36 billion, a PE ratio of 415.67 and a beta of 0.65. GCM Grosvenor Inc. has a twelve month low of $9.14 and a twelve month high of $14.48.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.21 earnings per share 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%. Equities research analysts predict that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

GCM Grosvenor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Monday, March 3rd. GCM Grosvenor’s payout ratio is 1,466.67%.

Wall Street Analyst Weigh In

Several research firms recently commented on GCMG. Piper Sandler upgraded shares of GCM Grosvenor from a “neutral” rating to an “overweight” rating and raised their price target for the company from $12.50 to $14.00 in a report on Monday, December 23rd. 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. Finally, UBS Group increased their price target on GCM Grosvenor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.10.

GCM Grosvenor 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.