GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 4,385.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 352,497 shares of the company's stock after buying an additional 344,638 shares during the period. New York State Common Retirement Fund owned approximately 0.19% of GCM Grosvenor worth $4,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in shares of GCM Grosvenor by 9.7% during the 4th quarter. Ameriprise Financial Inc. now owns 5,892,934 shares of the company's stock worth $72,306,000 after purchasing an additional 519,226 shares in the last quarter. Bamco Inc. NY boosted its position in shares of GCM Grosvenor by 25.7% during the 4th quarter. Bamco Inc. NY now owns 2,200,000 shares of the company's stock worth $26,994,000 after purchasing an additional 450,000 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of GCM Grosvenor by 40.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 404,562 shares of the company's stock worth $4,964,000 after purchasing an additional 115,546 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of GCM Grosvenor by 2,277.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 402,094 shares of the company's stock worth $4,934,000 after purchasing an additional 385,182 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in shares of GCM Grosvenor by 39.3% during the 4th quarter. Nuveen Asset Management LLC now owns 376,276 shares of the company's stock worth $4,617,000 after purchasing an additional 106,180 shares in the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Oppenheimer boosted their target price on shares of GCM Grosvenor from $18.00 to $19.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Piper Sandler decreased their price objective on shares of 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 assigned a buy rating to the company. Based on data from MarketBeat.com, GCM Grosvenor has a consensus rating of "Hold" and a consensus target price of $14.00.

GCM Grosvenor Stock Performance

Shares of GCMG stock traded down $0.01 on Friday, hitting $12.19. The stock had a trading volume of 376,480 shares, compared to its average volume of 507,256. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 87.07 and a beta of 0.70. The stock's 50 day moving average is $12.02 and its 200-day moving average is $12.72. GCM Grosvenor Inc. has a 52-week low of $10.04 and a 52-week high of $14.48.

GCM Grosvenor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.44 annualized dividend and a yield of 3.61%. 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.