XTX Topco Ltd Increases Stake in GCM Grosvenor Inc. (NASDAQ:GCMG)

Key Points

• XTX Topco Ltd increased its stake in GCM Grosvenor Inc. by 174.3% in Q1, acquiring a total of 50,165 shares valued at approximately $664,000.
• Institutional investors hold 99.95% of GCM Grosvenor's stock, with other notable buying activity from American Century Companies, JPMorgan Chase, and Franklin Resources.
• GCM Grosvenor's stock has a current market capitalization of $2.32 billion, with a 52-week range of $10.04 to $14.48, while it was recently rated as "Hold" with an average target price of $14.00.

XTX Topco Ltd boosted its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 174.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,165 shares of the company's stock after purchasing an additional 31,876 shares during the quarter. XTX Topco Ltd's holdings in GCM Grosvenor were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. acquired a new stake in GCM Grosvenor in the fourth quarter worth about $1,437,000. JPMorgan Chase & Co. boosted its holdings in GCM Grosvenor by 87.1% in the fourth quarter. JPMorgan Chase & Co. now owns 188,925 shares of the company's stock worth $2,318,000 after acquiring an additional 87,945 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in GCM Grosvenor by 40.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 404,562 shares of the company's stock worth $4,964,000 after acquiring an additional 115,546 shares in the last quarter. Franklin Resources Inc. acquired a new stake in GCM Grosvenor in the fourth quarter worth about $555,000. Finally, Trexquant Investment LP acquired a new stake in GCM Grosvenor in the fourth quarter worth about $1,002,000. Institutional investors own 99.95% of the company's stock.

Analysts Set New Price Targets

GCMG has been the subject of several recent analyst reports. Oppenheimer reissued an "outperform" rating on shares of GCM Grosvenor in a report on Friday. Piper Sandler raised their price objective on GCM Grosvenor from $14.50 to $15.00 and gave the stock an "overweight" rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $14.10.

GCM Grosvenor Stock Up 4.9%

Shares of NASDAQ:GCMG traded up $0.59 during trading on Friday, hitting $12.59. The stock had a trading volume of 1,478,880 shares, compared to its average volume of 444,327. GCM Grosvenor Inc. has a 12-month low of $10.04 and a 12-month high of $14.48. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 83.93 and a beta of 0.72. The stock has a 50-day simple moving average of $11.89 and a two-hundred day simple moving average of $12.65.

GCM Grosvenor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 2nd. GCM Grosvenor's dividend payout ratio (DPR) 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.