Bamco Inc. NY Boosts Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

Bamco Inc. NY boosted its holdings in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,200,000 shares of the company's stock after acquiring an additional 450,000 shares during the period. Bamco Inc. NY owned 1.16% of GCM Grosvenor worth $26,994,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its position in GCM Grosvenor by 9.7% in the fourth quarter. Ameriprise Financial Inc. now owns 5,892,934 shares of the company's stock worth $72,306,000 after acquiring an additional 519,226 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of GCM Grosvenor by 40.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 404,562 shares of the company's stock worth $4,964,000 after acquiring an additional 115,546 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of GCM Grosvenor by 2,277.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 402,094 shares of the company's stock valued at $4,934,000 after acquiring an additional 385,182 shares in the last quarter. Blair William & Co. IL grew its stake in GCM Grosvenor by 0.6% during the 4th quarter. Blair William & Co. IL now owns 225,695 shares of the company's stock worth $2,769,000 after purchasing an additional 1,270 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in GCM Grosvenor by 87.1% during 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. Institutional investors and hedge funds own 99.95% of the company's stock.

Analysts Set New Price Targets

GCMG has been the topic of a number of analyst reports. UBS Group raised their price target on GCM Grosvenor from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Oppenheimer increased their target price on shares of GCM Grosvenor from $16.00 to $17.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Piper Sandler cut their target price on GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and two have issued 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 $13.60.

GCM Grosvenor Trading Up 1.2 %

Shares of GCMG traded up $0.15 during mid-day trading on Friday, hitting $12.49. 374,192 shares of the company's stock were exchanged, compared to its average volume of 284,171. GCM Grosvenor Inc. has a fifty-two week low of $9.25 and a fifty-two week high of $14.48. The business's 50 day moving average is $12.75 and its two-hundred day moving average is $12.74. The firm has a market capitalization of $2.36 billion, a P/E ratio of 416.33 and a beta of 0.74.

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

GCM Grosvenor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.44 annualized dividend and a dividend yield of 3.52%. GCM Grosvenor's dividend payout ratio is currently 314.29%.

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.