Franklin Resources Inc. Purchases Shares of 45,255 GCM Grosvenor Inc. (NASDAQ:GCMG)

Franklin Resources Inc. purchased a new position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 45,255 shares of the company's stock, valued at approximately $555,000.

A number of other hedge funds have also recently added to or reduced their stakes in GCMG. Arrowstreet Capital Limited Partnership raised its stake in shares of 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 during the last quarter. Blair William & Co. IL increased its holdings in shares of GCM Grosvenor by 0.6% in the fourth quarter. Blair William & Co. IL now owns 225,695 shares of the company's stock valued at $2,769,000 after purchasing an additional 1,270 shares in the last quarter. JPMorgan Chase & Co. raised its position in GCM Grosvenor by 87.1% in the 4th quarter. JPMorgan Chase & Co. now owns 188,925 shares of the company's stock worth $2,318,000 after purchasing an additional 87,945 shares during the last quarter. EntryPoint Capital LLC acquired a new position in GCM Grosvenor during the 4th quarter worth $173,000. Finally, American Century Companies Inc. bought a new position in GCM Grosvenor in the 4th quarter valued at $1,437,000. Institutional investors own 99.95% of the company's stock.

GCM Grosvenor Trading Up 2.4 %

Shares of GCMG stock traded up $0.29 on Tuesday, reaching $12.28. The company had a trading volume of 214,493 shares, compared to its average volume of 269,568. The stock has a market cap of $2.32 billion, a PE ratio of 409.33 and a beta of 0.65. The company has a 50-day moving average of $13.14 and a 200-day moving average of $12.64. GCM Grosvenor Inc. has a 12 month low of $9.25 and a 12 month high of $14.48.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). GCM Grosvenor had a net margin of 3.64% and a negative return on equity of 101.23%. Sell-side analysts anticipate that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend was Monday, March 3rd. GCM Grosvenor's dividend payout ratio is currently 1,466.67%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GCMG. UBS Group upped 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. Piper Sandler cut their target price 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $14.20.

About GCM Grosvenor

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.