Allspring Global Investments Holdings LLC Grows Stock Holdings in GCM Grosvenor Inc. (NASDAQ:GCMG)

Allspring Global Investments Holdings LLC grew its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 86,424.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,702 shares of the company’s stock after acquiring an additional 59,633 shares during the period. Allspring Global Investments Holdings LLC’s holdings in GCM Grosvenor were worth $733,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bleakley Financial Group LLC acquired a new stake in GCM Grosvenor in the 4th quarter valued at about $127,000. Longboard Asset Management LP purchased a new stake in shares of GCM Grosvenor in the fourth quarter valued at about $166,000. R Squared Ltd acquired a new stake in shares of GCM Grosvenor in the fourth quarter valued at approximately $57,000. Fifth Third Bancorp purchased a new position in shares of GCM Grosvenor during the 4th quarter worth approximately $199,000. Finally, SG Americas Securities LLC lifted its stake in GCM Grosvenor by 20.1% in the 4th quarter. SG Americas Securities LLC now owns 20,223 shares of the company’s stock valued at $248,000 after buying an additional 3,379 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Trading Down 0.9 %

Shares of GCM Grosvenor stock opened at $14.22 on Monday. The company has a fifty day moving average price of $13.07 and a 200 day moving average price of $12.03. GCM Grosvenor Inc. has a twelve month low of $8.31 and a twelve month high of $14.48. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 474.00 and a beta of 0.56.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings data on Monday, February 10th. The company reported $0.21 EPS 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%. Analysts forecast that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Monday, March 3rd. GCM Grosvenor’s dividend payout ratio is currently 1,466.67%.

Analyst Ratings Changes

A number of research firms have recently weighed in on GCMG. UBS Group boosted their price objective on shares of GCM Grosvenor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Piper Sandler raised 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 note on Monday, December 23rd. TD Cowen downgraded GCM Grosvenor from a “buy” rating to a “hold” rating and lowered their price objective for the company from $13.50 to $12.50 in a research report on Monday, November 11th. Finally, Oppenheimer increased their target price on GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a research 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, the company currently has an average rating of “Hold” and an average target price of $14.10.

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.