Barclays PLC Purchases 41,259 Shares of GCM Grosvenor Inc. (NASDAQ:GCMG)

Barclays PLC raised its holdings in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 56.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,823 shares of the company’s stock after purchasing an additional 41,259 shares during the quarter. Barclays PLC owned 0.06% of GCM Grosvenor worth $1,288,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of GCM Grosvenor by 169.7% in the second quarter. Millennium Management LLC now owns 418,066 shares of the company’s stock valued at $4,080,000 after purchasing an additional 263,064 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in GCM Grosvenor by 3.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,485,933 shares of the company’s stock worth $28,141,000 after purchasing an additional 87,010 shares in the last quarter. Ariel Investments LLC grew its position in GCM Grosvenor by 1.5% in the 2nd quarter. Ariel Investments LLC now owns 4,546,096 shares of the company’s stock worth $44,370,000 after purchasing an additional 66,016 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of GCM Grosvenor by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 120,317 shares of the company’s stock worth $1,362,000 after buying an additional 3,047 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of GCM Grosvenor by 374.3% in the 2nd quarter. Squarepoint Ops LLC now owns 91,437 shares of the company’s stock worth $892,000 after buying an additional 72,160 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

GCM Grosvenor Trading Down 0.3 %

NASDAQ GCMG opened at $12.22 on Friday. The stock has a 50-day moving average of $12.04 and a 200-day moving average of $11.15. GCM Grosvenor Inc. has a 1-year low of $8.05 and a 1-year high of $12.58. The firm has a market cap of $2.31 billion, a PE ratio of -203.67 and a beta of 0.56.

GCM Grosvenor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Monday, December 2nd. GCM Grosvenor’s dividend payout ratio (DPR) is presently -733.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GCMG shares. TD Cowen lowered GCM Grosvenor from a “buy” rating to a “hold” rating and dropped their price target for the stock from $13.50 to $12.50 in a report on Monday, November 11th. Piper Sandler upgraded shares of GCM Grosvenor from a “neutral” rating to an “overweight” rating and upped their price target for the company from $12.50 to $14.00 in a research note on Monday, December 23rd. UBS Group boosted their target price on shares of GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Oppenheimer upped their target price on shares of GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. 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.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.70.

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.