GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in GCM Grosvenor Inc. (NASDAQ:GCMG) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,223 shares of the company’s stock after acquiring an additional 3,379 shares during the period. SG Americas Securities LLC’s holdings in GCM Grosvenor were worth $248,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of GCM Grosvenor by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company’s stock valued at $11,375,000 after buying an additional 2,607 shares during the period. Charles Schwab Investment Management Inc. raised its stake in GCM Grosvenor by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 120,317 shares of the company’s stock valued at $1,362,000 after acquiring an additional 3,047 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in GCM Grosvenor by 3.5% in the third quarter. Prime Capital Investment Advisors LLC now owns 108,109 shares of the company’s stock worth $1,224,000 after purchasing an additional 3,617 shares during the period. Copeland Capital Management LLC bought a new position in shares of GCM Grosvenor in the third quarter valued at approximately $58,000. Finally, State Street Corp raised its stake in shares of GCM Grosvenor by 2.0% in the 3rd quarter. State Street Corp now owns 1,053,204 shares of the company’s stock worth $11,922,000 after buying an additional 20,225 shares in the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

GCM Grosvenor Stock Up 0.9 %

GCMG opened at $13.70 on Friday. The stock’s 50 day moving average price is $12.72 and its two-hundred day moving average price is $11.77. The firm has a market capitalization of $2.59 billion, a P/E ratio of -228.33 and a beta of 0.56. GCM Grosvenor Inc. has a 12-month low of $8.05 and a 12-month high of $13.75.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. GCM Grosvenor had a negative return on equity of 73.06% and a net margin of 3.08%. The firm had revenue of $122.93 million for the quarter, compared to analysts’ expectations of $126.39 million. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, analysts anticipate that GCM Grosvenor Inc. will post 0.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GCMG shares. Oppenheimer raised 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. Piper Sandler raised shares of GCM Grosvenor from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $12.50 to $14.00 in a research report on Monday, December 23rd. TD Cowen downgraded GCM Grosvenor from a “buy” rating to a “hold” rating and lowered their target price for the company from $13.50 to $12.50 in a research note on Monday, November 11th. Finally, UBS Group lifted their price objective on shares of GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.