Jump Financial LLC Invests $288,000 in GCM Grosvenor Inc. $GCMG
Jump Financial LLC has invested $288,000 in GCM Grosvenor Inc. by purchasing 21,803 shares in the first quarter. Other institutional investors have also increased their stakes in GCM Grosvenor. The company recently declared a quarterly dividend of $0.11 per share, with a dividend yield of 3.5%. Analysts have a consensus target price of $15.13 for the stock, which currently trades at $12.67. GCM Grosvenor is a global alternative asset management provider, primarily serving pooled investment vehicles and high net worth individuals.
Jump Financial LLC purchased a new position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,803 shares of the company's stock, valued at approximately $288,000.
Several other institutional investors have also bought and sold shares of GCMG. Wells Fargo & Company MN grew its holdings in GCM Grosvenor by 47.3% during the fourth quarter. Wells Fargo & Company MN now owns 20,585 shares of the company's stock worth $253,000 after buying an additional 6,608 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in GCM Grosvenor during the fourth quarter worth $295,000. Mariner LLC grew its holdings in GCM Grosvenor by 17.2% during the fourth quarter. Mariner LLC now owns 19,781 shares of the company's stock worth $243,000 after buying an additional 2,909 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in GCM Grosvenor by 231.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 145,413 shares of the company's stock worth $1,785,000 after buying an additional 101,573 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in GCM Grosvenor by 22.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,951 shares of the company's stock worth $208,000 after buying an additional 3,082 shares in the last quarter. Institutional investors own 99.95% of the company's stock.
Get GCM Grosvenor alerts:
Insider Buying and Selling
In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 6,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $13.02, for a total value of $78,120.00. Following the completion of the transaction, the insider owned 60,195 shares in the company, valued at $783,738.90. This trade represents a 9.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 77.30% of the stock is currently owned by corporate insiders.
GCM Grosvenor Price Performance
Shares of NASDAQ GCMG opened at $12.67 on Thursday. GCM Grosvenor Inc. has a one year low of $10.04 and a one year high of $14.48. The business's fifty day moving average price is $12.22 and its 200-day moving average price is $12.57. The stock has a market capitalization of $2.46 billion, a PE ratio of 84.47 and a beta of 0.75.
GCM Grosvenor Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. GCM Grosvenor's dividend payout ratio is currently 293.33%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Piper Sandler upped their price target on GCM Grosvenor from $14.50 to $15.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Oppenheimer reiterated an "outperform" rating on shares of GCM Grosvenor in a report 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.13.
Get Our Latest Stock Report on GCMG
GCM Grosvenor Profile
(Free Report)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.
Recommended Stories
- Five stocks we like better than GCM Grosvenor
- 3 Warren Buffett Stocks to Buy Now
- Back-to-School Shopping Hits $40B: 3 Retail Stocks to Watch Now
- 3 Monster Growth Stocks to Buy Now
- Alphabet Stock Surges After Dodging Harsh Antitrust Remedies
- Market Cap Calculator: How to Calculate Market Cap
- Why Qualcomm Is Outperforming NVIDIA After Months of Lagging
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in GCM Grosvenor Right Now?
Before you consider GCM Grosvenor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GCM Grosvenor wasn't on the list.
While GCM Grosvenor currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
