American Century Companies Inc. Purchases New Holdings in GCM Grosvenor Inc. (NASDAQ:GCMG)

American Century Companies Inc. purchased a new position in GCM Grosvenor Inc. (NASDAQ:GCMG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 117,104 shares of the company’s stock, valued at approximately $1,437,000. American Century Companies Inc. owned approximately 0.06% of GCM Grosvenor as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in GCM Grosvenor by 2.6% during 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 during the last quarter. State Street Corp increased its holdings in GCM Grosvenor by 2.0% during 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 position in shares of GCM Grosvenor by 56.9% in the third quarter. Barclays PLC now owns 113,823 shares of the company’s stock valued at $1,288,000 after buying an additional 41,259 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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. Finally, JPMorgan Chase & Co. increased its stake 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 worth $1,143,000 after purchasing an additional 70,565 shares during the period. 99.95% of the stock is currently owned by institutional investors.

GCM Grosvenor Stock Up 3.7 %

Shares of GCM Grosvenor stock opened at $12.56 on Thursday. GCM Grosvenor Inc. has a 52 week low of $9.14 and a 52 week high of $14.48. The business has a 50 day moving average of $13.36 and a 200 day moving average of $12.57. The company has a market cap of $2.38 billion, a PE ratio of 418.67 and a beta of 0.65.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.21 earnings per share 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, research analysts anticipate that GCM Grosvenor Inc. will post 0.64 earnings per share for the current year.

GCM Grosvenor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Monday, March 3rd. GCM Grosvenor’s payout ratio is 1,466.67%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GCMG. UBS Group boosted their price target on GCM Grosvenor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Piper Sandler cut their target price on GCM Grosvenor from $16.00 to $14.50 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Oppenheimer raised their target price on GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, GCM Grosvenor has an average rating of “Hold” and an average 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.