JPMorgan Chase & Co. Purchases 87,945 Shares of GCM Grosvenor Inc. (NASDAQ:GCMG)

JPMorgan Chase & Co. increased its position in GCM Grosvenor Inc. (NASDAQ:GCMG) by 87.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,925 shares of the company’s stock after buying an additional 87,945 shares during the quarter. JPMorgan Chase & Co. owned 0.10% of GCM Grosvenor worth $2,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake 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 worth $11,375,000 after purchasing an additional 2,607 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in GCM Grosvenor by 2.3% in the 4th 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 grew its position in shares of GCM Grosvenor by 5.6% in the 4th quarter. Rhumbline Advisers now owns 58,462 shares of the company’s stock worth $717,000 after buying an additional 3,111 shares during the last quarter. SG Americas Securities LLC increased its stake 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 buying an additional 3,379 shares during the period. Finally, R Squared Ltd purchased a new position in shares of GCM Grosvenor during the fourth quarter valued at approximately $57,000. 99.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on GCMG shares. Piper Sandler dropped 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. UBS Group raised 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, GCM Grosvenor has a consensus rating of “Hold” and an average price target of $14.20.

GCM Grosvenor Stock Up 0.2 %

GCMG opened at $12.30 on Thursday. GCM Grosvenor Inc. has a 52 week low of $9.25 and a 52 week high of $14.48. The stock has a market cap of $2.33 billion, a PE ratio of 410.00 and a beta of 0.65. The business has a 50 day moving average of $13.11 and a 200-day moving average of $12.63.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.21 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%. Equities analysts anticipate that GCM Grosvenor Inc. will post 0.64 EPS for the current year.

GCM Grosvenor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Monday, March 3rd. GCM Grosvenor’s payout ratio is currently 1,466.67%.

About GCM Grosvenor

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.