SG Americas Securities LLC Invests $109,000 in GCM Grosvenor Inc. (NASDAQ:GCMG)

SG Americas Securities LLC acquired a new stake in GCM Grosvenor Inc. (NASDAQ:GCMG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,157 shares of the company’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of GCM Grosvenor by 8.3% in the second quarter. JPMorgan Chase & Co. now owns 41,702 shares of the company’s stock valued at $314,000 after buying an additional 3,198 shares during the last quarter. HRT Financial LP acquired a new stake in GCM Grosvenor in the 1st quarter valued at about $260,000. Royal Bank of Canada lifted its stake in GCM Grosvenor by 35.1% in the 2nd quarter. Royal Bank of Canada now owns 25,155 shares of the company’s stock worth $189,000 after purchasing an additional 6,541 shares in the last quarter. Citigroup Inc. grew its position in shares of GCM Grosvenor by 315.6% in the second quarter. Citigroup Inc. now owns 20,599 shares of the company’s stock valued at $155,000 after purchasing an additional 15,643 shares in the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of GCM Grosvenor in the second quarter valued at approximately $153,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Stock Up 1.7 %

Shares of GCM Grosvenor stock opened at $9.44 on Friday. GCM Grosvenor Inc. has a 52 week low of $6.56 and a 52 week high of $9.70. The business’s fifty day simple moving average is $8.94 and its 200-day simple moving average is $8.62. The firm has a market cap of $1.77 billion, a PE ratio of -32.55 and a beta of 0.51.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.08). The company had revenue of $116.56 million during the quarter, compared to analysts’ expectations of $127.29 million. GCM Grosvenor had a net margin of 2.87% and a negative return on equity of 76.61%. As a group, equities analysts expect that GCM Grosvenor Inc. will post 0.54 earnings per share for the current year.

GCM Grosvenor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.11 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.44 annualized dividend and a dividend yield of 4.66%. GCM Grosvenor’s dividend payout ratio is currently -151.72%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. TD Cowen raised GCM Grosvenor from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $9.50 to $10.00 in a research note on Friday, February 16th. Oppenheimer dropped their price objective on shares of GCM Grosvenor from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Finally, UBS Group raised their price objective on shares of GCM Grosvenor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Friday, April 12th.

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.