Vanguard Group Inc. Boosts Stock Holdings in GCM Grosvenor Inc. $GCMG

Vanguard Group Inc. lifted its stake in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,341,245 shares of the company’s stock after acquiring an additional 73,671 shares during the quarter. Vanguard Group Inc. owned 2.30% of GCM Grosvenor worth $57,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in GCM Grosvenor by 47.3% in the fourth quarter. Wells Fargo & Company MN now owns 20,585 shares of the company’s stock valued at $253,000 after acquiring an additional 6,608 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in GCM Grosvenor in the fourth quarter valued at about $295,000. Barclays PLC lifted its position in GCM Grosvenor by 24.6% in the fourth quarter. Barclays PLC now owns 141,859 shares of the company’s stock valued at $1,740,000 after purchasing an additional 28,036 shares during the period. Mariner LLC lifted its position in GCM Grosvenor by 17.2% in the fourth quarter. Mariner LLC now owns 19,781 shares of the company’s stock valued at $243,000 after purchasing an additional 2,909 shares during the period. Finally, XTX Topco Ltd purchased a new position in GCM Grosvenor in the fourth quarter valued at about $224,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Trading Up 1.0%

NASDAQ:GCMG opened at $13.05 on Monday. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 87.00 and a beta of 0.72. The firm’s fifty day simple moving average is $12.00 and its 200 day simple moving average is $12.60. GCM Grosvenor Inc. has a twelve month low of $10.04 and a twelve month high of $14.48.

GCM Grosvenor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.44 annualized dividend and a yield of 3.4%. GCM Grosvenor’s payout ratio is 293.33%.

Insider Transactions at GCM Grosvenor

In related news, insider Kathleen Patricia Sullivan sold 6,000 shares of GCM Grosvenor stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $13.02, for a total transaction of $78,120.00. Following the sale, the insider owned 60,195 shares of the company’s stock, valued at $783,738.90. The trade was a 9.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 77.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GCMG shares. Piper Sandler increased their target price on shares of GCM Grosvenor from $14.50 to $15.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Oppenheimer reissued an “outperform” rating on shares of GCM Grosvenor in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $15.13.

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.