Point72 Asset Management L.P. Takes $380,000 Position in GCM Grosvenor Inc. (NASDAQ:GCMG)

Point72 Asset Management L.P. acquired a new stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 30,986 shares of the company's stock, valued at approximately $380,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in shares of GCM Grosvenor during the 4th quarter valued at $57,000. Quantbot Technologies LP lifted 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 in the last quarter. Bleakley Financial Group LLC acquired a new position in shares of GCM Grosvenor during the 4th quarter valued at $127,000. ProShare Advisors LLC acquired a new position in shares of GCM Grosvenor during the 4th quarter valued at $147,000. Finally, Truist Financial Corp acquired a new position in shares of GCM Grosvenor during the 4th quarter valued at $157,000. Institutional investors and hedge funds own 99.95% of the company's stock.

GCM Grosvenor Trading Down 0.7%

NASDAQ:GCMG traded down $0.09 on Thursday, reaching $12.70. The stock had a trading volume of 45,878 shares, compared to its average volume of 294,619. The company has a 50-day moving average of $12.64 and a 200 day moving average of $12.80. The stock has a market cap of $2.47 billion, a P/E ratio of 423.47 and a beta of 0.74. GCM Grosvenor Inc. has a 12-month low of $9.25 and a 12-month high of $14.48.

GCM Grosvenor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, June 6th will be given a $0.11 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.44 dividend on an annualized basis and a yield of 3.46%. GCM Grosvenor's payout ratio is currently 314.29%.

Analyst Upgrades and Downgrades

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

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.