UBS Group AG Reduces Stake in GCM Grosvenor Inc. $GCMG

UBS Group AG decreased its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 65.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 642,199 shares of the company’s stock after selling 1,191,742 shares during the period. UBS Group AG’s holdings in GCM Grosvenor were worth $7,270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Ameriprise Financial Inc. raised its holdings in shares of GCM Grosvenor by 2.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,060,384 shares of the company’s stock valued at $70,058,000 after acquiring an additional 166,578 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of GCM Grosvenor by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,755,329 shares of the company’s stock valued at $57,397,000 after acquiring an additional 114,983 shares in the last quarter. Millennium Management LLC raised its holdings in shares of GCM Grosvenor by 231.0% in the 3rd quarter. Millennium Management LLC now owns 1,290,222 shares of the company’s stock valued at $15,573,000 after acquiring an additional 900,458 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of GCM Grosvenor by 11.7% in the 3rd quarter. Blair William & Co. IL now owns 937,069 shares of the company’s stock valued at $11,310,000 after acquiring an additional 97,863 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of GCM Grosvenor by 63.0% in the 3rd quarter. Two Sigma Investments LP now owns 799,728 shares of the company’s stock valued at $9,653,000 after acquiring an additional 309,222 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GCMG. Wall Street Zen cut GCM Grosvenor from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Oppenheimer raised their price target on GCM Grosvenor from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GCM Grosvenor in a report on Friday, April 10th. Finally, Piper Sandler lowered their price target on GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

GCM Grosvenor Stock Performance

Shares of NASDAQ GCMG opened at $10.77 on Tuesday. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 23.93 and a beta of 0.87. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 2.97. GCM Grosvenor Inc. has a 1-year low of $9.30 and a 1-year high of $13.22. The stock’s 50-day moving average is $10.48 and its 200 day moving average is $11.06.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $124.78 million for the quarter, compared to analysts’ expectations of $130.13 million. GCM Grosvenor had a return on equity of 222.78% and a net margin of 9.05%. On average, sell-side analysts anticipate that GCM Grosvenor Inc. will post 0.71 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

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

GCM Grosvenor Company 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.