46,260 Shares in GCM Grosvenor Inc. (NASDAQ:GCMG) Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp acquired a new position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 46,260 shares of the company's stock, valued at approximately $568,000.

Several other large investors have also made changes to their positions in GCMG. SG Americas Securities LLC lifted its position in shares of GCM Grosvenor by 20.1% during the 4th quarter. SG Americas Securities LLC now owns 20,223 shares of the company's stock worth $248,000 after purchasing an additional 3,379 shares during the last quarter. Longboard Asset Management LP acquired a new position in shares of GCM Grosvenor during the 4th quarter worth about $166,000. Bleakley Financial Group LLC acquired a new position in shares of GCM Grosvenor during the 4th quarter worth about $127,000. Allspring Global Investments Holdings LLC lifted its position in shares of GCM Grosvenor by 86,424.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 59,702 shares of the company's stock worth $733,000 after purchasing an additional 59,633 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of GCM Grosvenor by 5.6% during the 4th quarter. Rhumbline Advisers now owns 58,462 shares of the company's stock worth $717,000 after purchasing an additional 3,111 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on GCMG. Piper Sandler lowered their price target on GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. UBS Group boosted 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. Finally, Oppenheimer boosted their price target on GCM Grosvenor from $16.00 to $17.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, GCM Grosvenor currently has a consensus rating of "Hold" and an average target price of $13.60.

GCM Grosvenor Stock Performance

Shares of GCMG stock traded down $0.04 during trading hours on Friday, hitting $12.50. The company had a trading volume of 269,704 shares, compared to its average volume of 304,163. GCM Grosvenor Inc. has a 12 month low of $9.25 and a 12 month high of $14.48. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 416.67 and a beta of 0.73. The firm's fifty day moving average is $12.53 and its 200 day moving average is $12.84.

GCM Grosvenor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be paid 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 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.