Barclays PLC Boosts Stake in GCM Grosvenor Inc. (NASDAQ:GCMG)

Barclays PLC increased its stake in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 24.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 141,859 shares of the company's stock after buying an additional 28,036 shares during the quarter. Barclays PLC owned 0.08% of GCM Grosvenor worth $1,740,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in GCM Grosvenor by 232.0% in the third quarter. JPMorgan Chase & Co. now owns 100,980 shares of the company's stock valued at $1,143,000 after acquiring an additional 70,565 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in GCM Grosvenor by 86,424.6% in the fourth 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 during the last quarter. Rhumbline Advisers grew its holdings in 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 purchasing an additional 3,111 shares during the period. SG Americas Securities LLC increased its position in 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 during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in GCM Grosvenor in the fourth quarter worth $536,000. Institutional investors own 99.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GCMG. UBS Group increased their price target on GCM Grosvenor from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Piper Sandler cut their target price on shares of GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $14.20.

GCM Grosvenor Trading Down 1.7 %

Shares of NASDAQ GCMG traded down $0.21 during mid-day trading on Thursday, hitting $12.42. The company had a trading volume of 94,110 shares, compared to its average volume of 282,147. GCM Grosvenor Inc. has a 1 year low of $9.25 and a 1 year high of $14.48. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 414.00 and a beta of 0.74. The stock's 50-day moving average price is $12.80 and its 200-day moving average price is $12.72.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last posted its earnings results 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%. As a group, equities research analysts forecast that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, June 6th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.54%. GCM Grosvenor's dividend payout ratio is presently 1,466.67%.

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.