Martingale Asset Management L P Increases Holdings in GCM Grosvenor Inc. (NASDAQ:GCMG)

Martingale Asset Management L P grew its stake in GCM Grosvenor Inc. (NASDAQ:GCMG) by 6.1% during the 4th quarter, HoldingsChannel reports. The fund owned 62,644 shares of the company’s stock after purchasing an additional 3,623 shares during the quarter. Martingale Asset Management L P’s holdings in GCM Grosvenor were worth $769,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GCMG. Charles Schwab Investment Management Inc. boosted its stake in GCM Grosvenor by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 120,317 shares of the company’s stock worth $1,362,000 after purchasing an additional 3,047 shares in the last quarter. State Street Corp raised its holdings in GCM Grosvenor by 2.0% in the third 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 during the last quarter. Barclays PLC lifted its stake in shares of GCM Grosvenor by 56.9% in the third quarter. Barclays PLC now owns 113,823 shares of the company’s stock worth $1,288,000 after buying an additional 41,259 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of GCM Grosvenor by 0.3% during the third 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 last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of GCM Grosvenor by 232.0% during the third quarter. JPMorgan Chase & Co. now owns 100,980 shares of the company’s stock valued at $1,143,000 after acquiring an additional 70,565 shares in the last quarter. 99.95% of the stock is owned by hedge funds and other institutional investors.

GCM Grosvenor Trading Up 1.4 %

NASDAQ:GCMG opened at $12.64 on Friday. The company has a market cap of $2.39 billion, a PE ratio of 421.33 and a beta of 0.65. The company has a 50 day simple moving average of $13.32 and a two-hundred day simple moving average of $12.59. GCM Grosvenor Inc. has a 12 month low of $9.18 and a 12 month high of $14.48.

GCM Grosvenor (NASDAQ:GCMG) last posted 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 net margin of 3.64% and a negative return on equity of 101.23%. Research analysts forecast that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The firm 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 3.48%. The ex-dividend date of this dividend was Monday, March 3rd. GCM Grosvenor’s payout ratio is currently 1,466.67%.

Analyst Ratings Changes

GCMG has been the topic of several analyst reports. Piper Sandler lowered their price objective on GCM Grosvenor from $16.00 to $14.50 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. UBS Group boosted their price target on GCM Grosvenor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.20.

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.