GCM Grosvenor Inc. (NASDAQ:GCMG) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in GCM Grosvenor Inc. (NASDAQ:GCMG) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,112 shares of the company’s stock after buying an additional 2,795 shares during the period. Charles Schwab Investment Management Inc. owned 0.07% of GCM Grosvenor worth $1,511,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in GCM Grosvenor by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company’s stock valued at $11,375,000 after acquiring an additional 2,607 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of GCM Grosvenor by 5.6% in the 4th quarter. Rhumbline Advisers now owns 58,462 shares of the company’s stock valued at $717,000 after purchasing an additional 3,111 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of 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 purchasing an additional 3,379 shares during the period. R Squared Ltd purchased a new position in GCM Grosvenor during the 4th quarter worth approximately $57,000. Finally, Bleakley Financial Group LLC acquired a new position in GCM Grosvenor during the fourth quarter worth approximately $127,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

GCM Grosvenor Price Performance

Shares of NASDAQ GCMG opened at $13.25 on Friday. The stock has a fifty day moving average price of $13.50 and a 200 day moving average price of $12.47. GCM Grosvenor Inc. has a 1-year low of $8.88 and a 1-year high of $14.48. The company has a market cap of $2.51 billion, a PE ratio of 441.67 and a beta of 0.58.

GCM Grosvenor (NASDAQ:GCMG) last released its earnings results on Monday, February 10th. The company reported $0.21 EPS for the quarter, missing the consensus estimate 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 anticipate that GCM Grosvenor Inc. will post 0.64 earnings per share for the current fiscal year.

GCM Grosvenor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.32%. GCM Grosvenor’s payout ratio is currently 1,466.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group raised their target price on shares of GCM Grosvenor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Oppenheimer raised their price objective on shares of GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Piper Sandler upgraded shares of GCM Grosvenor from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $12.50 to $14.00 in a research note on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.