Jane Street Group LLC Sells 3,740 Shares of GCM Grosvenor Inc. (NASDAQ:GCMG)

Jane Street Group LLC trimmed its position in shares of GCM Grosvenor Inc. (NASDAQ:GCMG) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 65,113 shares of the company’s stock after selling 3,740 shares during the quarter. Jane Street Group LLC’s holdings in GCM Grosvenor were worth $737,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GCMG. Bank of New York Mellon Corp increased its position in shares of GCM Grosvenor by 3.6% during the second quarter. Bank of New York Mellon Corp now owns 367,981 shares of the company’s stock valued at $3,591,000 after acquiring an additional 12,692 shares in the last quarter. Rhumbline Advisers boosted its stake in GCM Grosvenor by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 58,772 shares of the company’s stock valued at $574,000 after purchasing an additional 1,402 shares during the last quarter. National Bank of Canada FI boosted its stake in GCM Grosvenor by 26.9% during the 2nd quarter. National Bank of Canada FI now owns 184,102 shares of the company’s stock valued at $1,786,000 after purchasing an additional 39,013 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of GCM Grosvenor by 9.9% in the 2nd quarter. Renaissance Technologies LLC now owns 482,400 shares of the company’s stock worth $4,708,000 after purchasing an additional 43,600 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in shares of GCM Grosvenor by 14.4% in the second quarter. Blair William & Co. IL now owns 188,077 shares of the company’s stock worth $1,836,000 after purchasing an additional 23,635 shares during the last quarter. 99.95% of the stock is currently owned by institutional investors.

GCM Grosvenor Stock Up 1.8 %

NASDAQ GCMG opened at $12.49 on Friday. The company has a 50-day moving average price of $12.07 and a 200-day moving average price of $11.21. GCM Grosvenor Inc. has a 52 week low of $8.05 and a 52 week high of $12.58. The firm has a market capitalization of $2.36 billion, a P/E ratio of -208.17 and a beta of 0.56.

GCM Grosvenor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 3.52%. GCM Grosvenor’s dividend payout ratio is currently -733.33%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler raised GCM Grosvenor from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $12.50 to $14.00 in a research report on Monday, December 23rd. TD Cowen downgraded shares of GCM Grosvenor from a “buy” rating to a “hold” rating and dropped their price target for the company from $13.50 to $12.50 in a report on Monday, November 11th. Oppenheimer boosted their price objective on shares of GCM Grosvenor from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, UBS Group raised their target price on shares of GCM Grosvenor from $9.50 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.70.

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.