Charles Schwab Investment Management Inc. Has $1.36 Million Stock Holdings in GCM Grosvenor Inc. (NASDAQ:GCMG)

Charles Schwab Investment Management Inc. raised its position in GCM Grosvenor Inc. (NASDAQ:GCMG) by 2.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 120,317 shares of the company’s stock after buying an additional 3,047 shares during the period. Charles Schwab Investment Management Inc. owned about 0.06% of GCM Grosvenor worth $1,362,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GCMG. Copeland Capital Management LLC acquired a new position in GCM Grosvenor in the third quarter valued at about $58,000. Price T Rowe Associates Inc. MD grew its stake in shares of GCM Grosvenor by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,461 shares of the company’s stock worth $121,000 after acquiring an additional 2,341 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in GCM Grosvenor in the 2nd quarter valued at $157,000. SG Americas Securities LLC bought a new stake in GCM Grosvenor during the third quarter worth about $191,000. Finally, Quest Partners LLC acquired a new stake in shares of GCM Grosvenor in the 3rd quarter valued at approximately $424,000. 99.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Oppenheimer lifted their price target on GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. UBS Group raised their price target on GCM Grosvenor from $9.50 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Piper Sandler lifted their target price on GCM Grosvenor from $10.50 to $11.50 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, TD Cowen downgraded shares of GCM Grosvenor from a “buy” rating to a “hold” rating and lowered their price target for the stock from $13.50 to $12.50 in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.20.

GCM Grosvenor Stock Down 0.9 %

Shares of GCM Grosvenor stock opened at $12.34 on Tuesday. The company has a market cap of $2.33 billion, a PE ratio of -205.67 and a beta of 0.56. The business has a 50 day moving average price of $11.90 and a 200-day moving average price of $11.02. GCM Grosvenor Inc. has a 52 week low of $8.05 and a 52 week high of $12.58.

GCM Grosvenor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Monday, December 2nd. GCM Grosvenor’s payout ratio is -733.33%.

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.