GCM Grosvenor Inc. $GCMG Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in GCM Grosvenor Inc. (NASDAQ:GCMG) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,641,554 shares of the company’s stock after selling 113,775 shares during the period. Vanguard Group Inc. owned 2.39% of GCM Grosvenor worth $52,542,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GCMG. CWM LLC raised its position in GCM Grosvenor by 83.6% in the third quarter. CWM LLC now owns 4,199 shares of the company’s stock valued at $51,000 after purchasing an additional 1,912 shares during the period. National Bank of Canada FI raised its position in GCM Grosvenor by 65.5% in the third quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock valued at $53,000 after purchasing an additional 1,743 shares during the period. Tower Research Capital LLC TRC raised its position in GCM Grosvenor by 308.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock valued at $67,000 after purchasing an additional 4,362 shares during the period. Quarry LP purchased a new stake in GCM Grosvenor in the third quarter valued at approximately $71,000. Finally, Legal & General Group Plc raised its position in GCM Grosvenor by 96.8% in the second quarter. Legal & General Group Plc now owns 8,638 shares of the company’s stock valued at $100,000 after purchasing an additional 4,249 shares during the period. 99.95% of the stock is currently owned by institutional investors and hedge funds.

GCM Grosvenor Stock Down 3.9%

GCM Grosvenor stock opened at $10.65 on Friday. GCM Grosvenor Inc. has a twelve month low of $9.30 and a twelve month high of $13.22. The stock’s fifty day simple moving average is $10.50 and its 200-day simple moving average is $11.07. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 2.97. The firm has a market capitalization of $2.15 billion, a P/E ratio of 23.67 and a beta of 0.87.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. GCM Grosvenor had a return on equity of 222.78% and a net margin of 9.05%.The business had revenue of $124.78 million for the quarter, compared to analyst estimates of $130.13 million. As a group, equities analysts expect that GCM Grosvenor Inc. will post 0.71 earnings per share for the current fiscal year.

GCM Grosvenor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.5%. GCM Grosvenor’s dividend payout ratio is currently 106.67%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wall Street Zen lowered GCM Grosvenor from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Oppenheimer boosted their target price on GCM Grosvenor from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of GCM Grosvenor in a research report on Friday, April 10th. Finally, Piper Sandler cut their target price on GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.50.

About GCM Grosvenor

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.