GCM Grosvenor Inc. (NASDAQ:GCMG) Position Reduced by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,267,574 shares of the company's stock after selling 39,350 shares during the period. Vanguard Group Inc. owned 2.26% of GCM Grosvenor worth $52,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GCMG. R Squared Ltd acquired a new stake in shares of GCM Grosvenor during the 4th quarter valued at approximately $57,000. Quantbot Technologies LP raised its holdings in shares of GCM Grosvenor by 1,474.0% during the fourth quarter. Quantbot Technologies LP now owns 9,334 shares of the company's stock worth $115,000 after purchasing an additional 8,741 shares during the period. Bleakley Financial Group LLC bought a new position in shares of GCM Grosvenor in the 4th quarter worth about $127,000. Truist Financial Corp acquired a new position in shares of GCM Grosvenor in the 4th quarter valued at about $157,000. Finally, Longboard Asset Management LP bought a new stake in shares of GCM Grosvenor during the 4th quarter valued at about $166,000. Institutional investors and hedge funds own 99.95% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on GCMG. Piper Sandler lowered their target price on GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating for the company in a report on Tuesday, April 8th. UBS Group raised their target price on GCM Grosvenor from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $14.20.

GCM Grosvenor Price Performance

Shares of NASDAQ GCMG traded up $0.03 during mid-day trading on Thursday, reaching $12.40. 32,731 shares of the company traded hands, compared to its average volume of 421,123. The stock has a fifty day simple moving average of $13.26 and a 200-day simple moving average of $12.60. The firm has a market cap of $2.35 billion, a PE ratio of 413.33 and a beta of 0.65. GCM Grosvenor Inc. has a fifty-two week low of $9.18 and a fifty-two week high of $14.48.

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

GCM Grosvenor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Monday, March 3rd. GCM Grosvenor's dividend payout ratio is presently 1,466.67%.

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.