GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) by 98.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,871 shares of the company's stock after selling 167,906 shares during the quarter. National Bank of Canada FI's holdings in GCM Grosvenor were worth $35,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. American Century Companies Inc. purchased a new stake in shares of GCM Grosvenor during the 4th quarter worth $1,437,000. Arrowstreet Capital Limited Partnership lifted its holdings in GCM Grosvenor by 40.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 404,562 shares of the company's stock worth $4,964,000 after buying an additional 115,546 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in GCM Grosvenor by 87.1% during the 4th quarter. JPMorgan Chase & Co. now owns 188,925 shares of the company's stock worth $2,318,000 after buying an additional 87,945 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of GCM Grosvenor by 86,424.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 59,702 shares of the company's stock worth $733,000 after acquiring an additional 59,633 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of GCM Grosvenor in the 4th quarter valued at about $555,000. Hedge funds and other institutional investors own 99.95% of the company's stock.

Wall Street Analysts Forecast Growth

GCMG has been the subject of several recent analyst reports. Piper Sandler decreased their target price on GCM Grosvenor from $16.00 to $14.50 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group boosted their price objective on shares of GCM Grosvenor from $13.00 to $14.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $14.20.

GCM Grosvenor Stock Performance

NASDAQ GCMG traded down $0.05 on Friday, reaching $12.32. The stock had a trading volume of 350,311 shares, compared to its average volume of 266,874. The stock has a market cap of $2.33 billion, a P/E ratio of 410.67 and a beta of 0.65. GCM Grosvenor Inc. has a 12-month low of $9.18 and a 12-month high of $14.48. The business's 50-day moving average price is $13.23 and its 200 day moving average price is $12.61.

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

GCM Grosvenor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.57%. GCM Grosvenor's payout ratio is 1,466.67%.

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.