30,986 Shares in GCM Grosvenor Inc. (NASDAQ:GCMG) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new stake in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 30,986 shares of the company's stock, valued at approximately $380,000.

Several other hedge funds also recently modified their holdings of the business. ProShare Advisors LLC bought a new position in shares of GCM Grosvenor in the 4th quarter valued at about $147,000. Nuveen Asset Management LLC boosted its stake in shares of GCM Grosvenor by 39.3% in the 4th quarter. Nuveen Asset Management LLC now owns 376,276 shares of the company's stock valued at $4,617,000 after purchasing an additional 106,180 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of GCM Grosvenor by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,242 shares of the company's stock valued at $297,000 after purchasing an additional 1,023 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of GCM Grosvenor in the 4th quarter valued at about $297,000. Finally, Corton Capital Inc. bought a new position in GCM Grosvenor during the 4th quarter worth approximately $319,000. Institutional investors own 99.95% of the company's stock.

GCM Grosvenor Price Performance

GCMG traded up $0.36 during trading on Tuesday, reaching $12.85. The company had a trading volume of 423,588 shares, compared to its average volume of 294,562. GCM Grosvenor Inc. has a 12 month low of $9.25 and a 12 month high of $14.48. The business's fifty day moving average price is $12.66 and its 200 day moving average price is $12.80. The company has a market cap of $2.50 billion, a P/E ratio of 428.33 and a beta of 0.74.

GCM Grosvenor Dividend Announcement

The firm also recently disclosed 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 is Friday, June 6th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.42%. GCM Grosvenor's dividend payout ratio (DPR) is presently 314.29%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of GCM Grosvenor from $13.00 to $14.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Oppenheimer lifted their price objective on shares of GCM Grosvenor from $16.00 to $17.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, Piper Sandler reduced 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 note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $13.60.

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.