24,227 Shares in GCM Grosvenor Inc. (NASDAQ:GCMG) Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. acquired a new stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,227 shares of the company's stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of GCM Grosvenor during the 4th quarter valued at about $57,000. Quantbot Technologies LP boosted its holdings in shares of GCM Grosvenor by 1,474.0% during the 4th quarter. Quantbot Technologies LP now owns 9,334 shares of the company's stock valued at $115,000 after acquiring an additional 8,741 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in shares of GCM Grosvenor during the 4th quarter valued at about $127,000. Truist Financial Corp purchased a new stake in shares of GCM Grosvenor during the 4th quarter valued at about $157,000. Finally, Longboard Asset Management LP purchased a new stake in shares of GCM Grosvenor during the 4th quarter valued at about $166,000. 99.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GCMG has been the topic of a number of recent analyst reports. Piper Sandler dropped their price target on shares of GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. UBS Group raised their price objective 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. Finally, Oppenheimer raised their price objective on shares of GCM Grosvenor from $16.00 to $17.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $13.60.

GCM Grosvenor Trading Down 0.6%

NASDAQ GCMG traded down $0.08 on Friday, reaching $12.74. 562,968 shares of the stock were exchanged, compared to its average volume of 298,696. GCM Grosvenor Inc. has a one year low of $9.25 and a one year high of $14.48. The firm has a market capitalization of $2.47 billion, a PE ratio of 424.67 and a beta of 0.74. The company's 50-day simple moving average is $12.61 and its two-hundred day simple moving average is $12.83.

GCM Grosvenor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, June 6th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.45%. The ex-dividend date is Friday, June 6th. GCM Grosvenor's dividend payout ratio is presently 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.