Blair William & Co. IL Grows Stock Holdings in GCM Grosvenor Inc. (NASDAQ:GCMG)

Blair William & Co. IL raised its holdings in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,695 shares of the company’s stock after acquiring an additional 1,270 shares during the quarter. Blair William & Co. IL’s holdings in GCM Grosvenor were worth $2,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of GCM Grosvenor by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company’s stock valued at $11,375,000 after purchasing an additional 2,607 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in GCM Grosvenor by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 123,112 shares of the company’s stock valued at $1,511,000 after buying an additional 2,795 shares in the last quarter. Rhumbline Advisers increased its position in shares of GCM Grosvenor by 5.6% during the fourth quarter. Rhumbline Advisers now owns 58,462 shares of the company’s stock valued at $717,000 after buying an additional 3,111 shares during the period. SG Americas Securities LLC lifted its holdings in shares of GCM Grosvenor by 20.1% in the fourth quarter. SG Americas Securities LLC now owns 20,223 shares of the company’s stock worth $248,000 after buying an additional 3,379 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of GCM Grosvenor in the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GCMG shares. UBS Group upped their target price on shares of GCM Grosvenor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Oppenheimer upped their price target on shares of GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Piper Sandler raised GCM Grosvenor from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $12.50 to $14.00 in a research note on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.10.

GCM Grosvenor Price Performance

GCMG stock opened at $13.23 on Tuesday. The firm has a 50 day simple moving average of $13.51 and a two-hundred day simple moving average of $12.50. The stock has a market cap of $2.50 billion, a PE ratio of 441.00 and a beta of 0.58. GCM Grosvenor Inc. has a one year low of $8.88 and a one year high of $14.48.

GCM Grosvenor (NASDAQ:GCMG) last announced its earnings results on Monday, February 10th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). GCM Grosvenor had a negative return on equity of 101.23% and a net margin of 3.64%. On average, research analysts expect that GCM Grosvenor Inc. will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.44 annualized dividend and a dividend yield of 3.33%. GCM Grosvenor’s dividend payout ratio (DPR) is presently 1,466.67%.

About GCM Grosvenor

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.