GCM Grosvenor Inc. (NASDAQ:GCMG) Stock Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 232.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 100,980 shares of the company’s stock after acquiring an additional 70,565 shares during the quarter. JPMorgan Chase & Co. owned about 0.05% of GCM Grosvenor worth $1,143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Copeland Capital Management LLC bought a new position in GCM Grosvenor in the 3rd quarter valued at about $58,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of GCM Grosvenor in the 2nd quarter worth approximately $157,000. SG Americas Securities LLC bought a new position in shares of GCM Grosvenor in the third quarter valued at approximately $191,000. Quest Partners LLC acquired a new position in shares of GCM Grosvenor during the third quarter valued at approximately $424,000. Finally, PDT Partners LLC bought a new stake in GCM Grosvenor during the third quarter worth approximately $449,000. Institutional investors own 99.95% of the company’s stock.

Wall Street Analysts Forecast Growth

GCMG has been the topic of several research analyst reports. Piper Sandler upgraded GCM Grosvenor from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $12.50 to $14.00 in a research report on Monday, December 23rd. UBS Group boosted their price target on shares of GCM Grosvenor from $9.50 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. TD Cowen lowered shares of GCM Grosvenor from a “buy” rating to a “hold” rating and reduced their price objective for the company from $13.50 to $12.50 in a research report on Monday, November 11th. Finally, Oppenheimer lifted their price objective on shares of GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.70.

GCM Grosvenor Trading Down 0.1 %

NASDAQ GCMG opened at $13.44 on Friday. GCM Grosvenor Inc. has a 1 year low of $8.05 and a 1 year high of $13.56. The company has a market cap of $2.54 billion, a PE ratio of -224.00 and a beta of 0.56. The stock’s 50-day moving average price is $12.49 and its two-hundred day moving average price is $11.58.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. GCM Grosvenor had a net margin of 3.08% and a negative return on equity of 73.06%. The business had revenue of $122.93 million during the quarter, compared to the consensus estimate of $126.39 million. During the same quarter in the prior year, the firm earned $0.14 EPS. Research analysts forecast that GCM Grosvenor Inc. will post 0.5 EPS for the current fiscal year.

GCM Grosvenor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.11 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.27%. GCM Grosvenor’s dividend payout ratio is -733.33%.

GCM Grosvenor Company 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.