GCM Grosvenor (NASDAQ:GCMG) Price Target Raised to $14.00

GCM Grosvenor (NASDAQ:GCMG) had its price objective lifted by UBS Group from $13.00 to $14.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the stock. Oppenheimer upped their target price on shares of GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. TD Cowen cut shares of GCM Grosvenor from a “buy” rating to a “hold” rating and decreased their target price for the stock from $13.50 to $12.50 in a research report on Monday, November 11th. Finally, Piper Sandler upgraded shares of GCM Grosvenor from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $12.50 to $14.00 in a research report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.10.

GCM Grosvenor Stock Down 0.9 %

Shares of NASDAQ:GCMG opened at $14.22 on Wednesday. GCM Grosvenor has a fifty-two week low of $8.31 and a fifty-two week high of $14.48. The firm has a 50-day simple moving average of $13.07 and a 200 day simple moving average of $12.01. The company has a market cap of $2.69 billion, a PE ratio of 474.00 and a beta of 0.56.

GCM Grosvenor (NASDAQ:GCMG) last posted its earnings results on Monday, February 10th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). GCM Grosvenor had a negative return on equity of 101.23% and a net margin of 3.64%. As a group, research analysts forecast that GCM Grosvenor will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Monday, March 3rd. GCM Grosvenor’s dividend payout ratio is currently 1,466.67%.

Institutional Trading of GCM Grosvenor

A number of institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its stake in shares of GCM Grosvenor by 9.7% in the 4th quarter. Ameriprise Financial Inc. now owns 5,892,934 shares of the company’s stock worth $72,306,000 after acquiring an additional 519,226 shares during the period. Wasatch Advisors LP lifted its stake in shares of GCM Grosvenor by 0.9% in the 3rd quarter. Wasatch Advisors LP now owns 3,186,987 shares of the company’s stock worth $36,077,000 after acquiring an additional 29,382 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of GCM Grosvenor by 3.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,485,933 shares of the company’s stock worth $28,141,000 after acquiring an additional 87,010 shares during the period. Bamco Inc. NY lifted its stake in shares of GCM Grosvenor by 25.7% in the 4th quarter. Bamco Inc. NY now owns 2,200,000 shares of the company’s stock worth $26,994,000 after acquiring an additional 450,000 shares during the period. Finally, State Street Corp lifted its stake in GCM Grosvenor by 2.0% during the third quarter. State Street Corp now owns 1,053,204 shares of the company’s stock valued at $11,922,000 after purchasing an additional 20,225 shares during the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

GCM Grosvenor Company 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.