GCM Grosvenor Inc. (NASDAQ:GCMG) Stock Position Decreased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its holdings in GCM Grosvenor Inc. (NASDAQ:GCMG) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,318,318 shares of the company’s stock after selling 167,615 shares during the period. Massachusetts Financial Services Co. MA’s holdings in GCM Grosvenor were worth $28,446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GCMG. Blair William & Co. IL raised its position in shares of GCM Grosvenor by 0.6% during the 4th quarter. Blair William & Co. IL now owns 225,695 shares of the company’s stock worth $2,769,000 after purchasing an additional 1,270 shares during the period. Geode Capital Management LLC grew its stake in GCM Grosvenor by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company’s stock worth $11,375,000 after buying an additional 2,607 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in GCM Grosvenor by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 123,112 shares of the company’s stock worth $1,511,000 after buying an additional 2,795 shares during the period. Rhumbline Advisers lifted its stake in GCM Grosvenor by 5.6% in the fourth quarter. Rhumbline Advisers now owns 58,462 shares of the company’s stock valued at $717,000 after buying an additional 3,111 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of GCM Grosvenor by 20.1% during the fourth quarter. SG Americas Securities LLC now owns 20,223 shares of the company’s stock valued at $248,000 after acquiring an additional 3,379 shares during the period. 99.95% of the stock is currently owned by institutional investors and hedge funds.

GCM Grosvenor Stock Down 3.3 %

Shares of GCMG opened at $12.47 on Monday. The firm has a market capitalization of $2.36 billion, a PE ratio of 415.67 and a beta of 0.65. The firm has a 50-day moving average price of $13.47 and a 200 day moving average price of $12.55. GCM Grosvenor Inc. has a 52-week low of $9.14 and a 52-week high of $14.48.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). GCM Grosvenor had a net margin of 3.64% and a negative return on equity of 101.23%. On average, equities analysts expect that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

GCM Grosvenor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Monday, March 3rd. GCM Grosvenor’s dividend payout ratio (DPR) is presently 1,466.67%.

Analysts Set New Price Targets

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