UBS Group AG Reduces Holdings in GCM Grosvenor Inc. $GCMG

UBS Group AG lessened its position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 65.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 642,199 shares of the company’s stock after selling 1,191,742 shares during the period. UBS Group AG owned 0.33% of GCM Grosvenor worth $7,270,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GCMG. Royal Bank of Canada lifted its position in shares of GCM Grosvenor by 942.2% during the 1st quarter. Royal Bank of Canada now owns 79,085 shares of the company’s stock valued at $1,046,000 after buying an additional 71,497 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of GCM Grosvenor by 81.6% during the 1st quarter. AQR Capital Management LLC now owns 29,403 shares of the company’s stock valued at $389,000 after buying an additional 13,214 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of GCM Grosvenor by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company’s stock valued at $339,000 after buying an additional 1,412 shares during the last quarter. Millennium Management LLC lifted its position in shares of GCM Grosvenor by 88.9% during the 1st quarter. Millennium Management LLC now owns 577,977 shares of the company’s stock valued at $7,647,000 after buying an additional 271,989 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of GCM Grosvenor by 200.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 285,477 shares of the company’s stock valued at $3,300,000 after buying an additional 190,486 shares during the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of GCM Grosvenor in a research note on Friday, April 10th. Piper Sandler dropped their price target on shares of GCM Grosvenor from $14.50 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Oppenheimer upped their price target on shares of GCM Grosvenor from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut shares of GCM Grosvenor from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.50.

GCM Grosvenor Stock Performance

Shares of GCMG opened at $10.77 on Tuesday. The stock’s 50-day simple moving average is $10.48 and its 200 day simple moving average is $11.06. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 23.93 and a beta of 0.87. The company has a debt-to-equity ratio of 2.97, a quick ratio of 4.05 and a current ratio of 4.05. GCM Grosvenor Inc. has a 52-week low of $9.30 and a 52-week high of $13.22.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $124.78 million for the quarter, compared to analysts’ expectations of $130.13 million. GCM Grosvenor had a return on equity of 222.78% and a net margin of 9.05%. Research analysts forecast that GCM Grosvenor Inc. will post 0.71 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.48 dividend on an annualized basis and a yield of 4.5%. GCM Grosvenor’s dividend payout ratio is 106.67%.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.