Bleakley Financial Group LLC Acquires New Holdings in GCM Grosvenor Inc. (NASDAQ:GCMG)

Bleakley Financial Group LLC bought a new position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) during the fourth quarter, HoldingsChannel.com reports. The firm bought 10,352 shares of the company’s stock, valued at approximately $127,000.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of 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 during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of GCM Grosvenor by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 120,317 shares of the company’s stock valued at $1,362,000 after purchasing an additional 3,047 shares during the period. SG Americas Securities LLC increased 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 purchasing an additional 3,379 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in GCM Grosvenor by 3.5% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 108,109 shares of the company’s stock valued at $1,224,000 after acquiring an additional 3,617 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in GCM Grosvenor during the 4th quarter valued at $57,000. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on GCMG shares. Oppenheimer boosted 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. UBS Group upped their price target on GCM Grosvenor from $9.50 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. TD Cowen cut GCM Grosvenor from a “buy” rating to a “hold” rating and reduced their target price for the company from $13.50 to $12.50 in a research note on Monday, November 11th. Finally, Piper Sandler raised GCM Grosvenor from a “neutral” rating to an “overweight” rating and upped their price target for the company from $12.50 to $14.00 in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.70.

GCM Grosvenor Price Performance

GCMG opened at $13.72 on Thursday. GCM Grosvenor Inc. has a 12-month low of $8.05 and a 12-month high of $14.44. The firm has a market capitalization of $2.59 billion, a P/E ratio of -228.67 and a beta of 0.56. The stock has a fifty day moving average of $12.83 and a 200-day moving average of $11.86.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings results 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 3.08% and a negative return on equity of 73.06%. On average, analysts expect that GCM Grosvenor Inc. will post 0.51 earnings per share for the current fiscal year.

GCM Grosvenor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 annualized dividend and a yield of 3.21%. GCM Grosvenor’s dividend payout ratio (DPR) is currently -733.33%.

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.