6 days Ago By ABMN Staff
Russell Investments Group Ltd. trimmed its holdings in shares of GCM Grosvenor Inc. ( NASDAQ:GCMG – Free Report ) by 11.
4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 396,951 shares of the company’s stock after selling 51,133 shares during the quarter. Russell Investments Group Ltd.
’s holdings in GCM Grosvenor were worth $4,871,000 as of its most recent filing with the SEC. Several other institutional investors have also modified their holdings of the business. R Squared Ltd purchased a new stake in GCM Grosvenor during the 4th quarter worth approximately $57,000.
Quantbot Technologies LP grew its position in shares of GCM Grosvenor by 1,474.0% during the fourth quarter. Quantbot Technologies LP now owns 9,334 shares of the company’s stock worth $115,000 after buying an additional 8,741 shares in the last quarter.
Bleakley Financial Group LLC bought a new stake in shares of GCM Grosvenor in the fourth quarter worth $127,000. Truist Financial Corp acquired a new stake in GCM Grosvenor in the fourth quarter valued at $157,000. Finally, Longboard Asset Management LP bought a new position in GCM Grosvenor during the 4th quarter valued at $166,000.
Institutional investors and hedge funds own 99.95% of the company’s stock. Analyst Upgrades and Downgrades GCMG has been the subject of several research analyst reports.
UBS Group boosted 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.
Piper Sandler decreased their price target on GCM Grosvenor from $16.00 to $14.50 and set an “overweight” rating for the company in a research note on Tuesday, April 8th.
Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.20.
GCM Grosvenor Price Performance GCM Grosvenor stock opened at $12.79 on Tuesday. The company has a market cap of $2.
42 billion, a PE ratio of 426.33 and a beta of 0.65.
GCM Grosvenor Inc. has a 12 month low of $9.18 and a 12 month high of $14.
48. The company has a fifty day moving average price of $13.31 and a two-hundred day moving average price of $12.
60. GCM Grosvenor ( NASDAQ:GCMG – Get Free Report ) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.
21 earnings per share 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%.
Equities research analysts anticipate 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 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 dividend on an annualized basis and a dividend yield of 3.44%.
The ex-dividend date of this dividend was Monday, March 3rd. GCM Grosvenor’s payout ratio is 1,466.67%.
GCM Grosvenor Profile ( Free Report ) 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.
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