GCM Grosvenor (NASDAQ:GCMG) Price Target Raised to $12.00 at UBS Group

GCM Grosvenor (NASDAQ:GCMG) had its price target lifted by stock analysts at UBS Group from $9.50 to $12.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 3.36% from the stock’s current price.

A number of other equities research analysts have also commented on GCMG. JPMorgan Chase & Co. reduced their price objective on shares of GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Piper Sandler increased their price target on GCM Grosvenor from $10.50 to $11.50 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. TD Cowen upped their target price on GCM Grosvenor from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Oppenheimer lifted their target price on GCM Grosvenor from $14.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.10.

GCM Grosvenor Stock Down 0.9 %

Shares of NASDAQ:GCMG opened at $11.61 on Tuesday. The business has a fifty day simple moving average of $11.12 and a 200 day simple moving average of $10.36. GCM Grosvenor has a 12-month low of $7.70 and a 12-month high of $11.78. The firm has a market cap of $2.19 billion, a P/E ratio of -36.28 and a beta of 0.54.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. GCM Grosvenor had a negative return on equity of 73.82% and a net margin of 3.46%. The company had revenue of $116.95 million for the quarter, compared to analyst estimates of $117.12 million. As a group, equities research analysts expect that GCM Grosvenor will post 0.5 EPS for the current year.

Insider Activity

In related news, insider Kathleen Patricia Sullivan sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $10.73, for a total transaction of $53,650.00. Following the transaction, the insider now directly owns 47,307 shares of the company’s stock, valued at approximately $507,604.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 77.30% of the stock is currently owned by company insiders.

Institutional Trading of GCM Grosvenor

Hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP bought a new position in shares of GCM Grosvenor in the first quarter valued at $873,000. Russell Investments Group Ltd. raised its holdings in shares of GCM Grosvenor by 23.7% in the 1st quarter. Russell Investments Group Ltd. now owns 681,202 shares of the company’s stock worth $6,580,000 after acquiring an additional 130,547 shares during the last quarter. Wasatch Advisors LP lifted its position in GCM Grosvenor by 111.5% in the 1st quarter. Wasatch Advisors LP now owns 2,342,156 shares of the company’s stock valued at $22,625,000 after acquiring an additional 1,234,505 shares in the last quarter. Millennium Management LLC boosted its stake in GCM Grosvenor by 169.7% during the 2nd quarter. Millennium Management LLC now owns 418,066 shares of the company’s stock valued at $4,080,000 after purchasing an additional 263,064 shares during the last quarter. Finally, Ariel Investments LLC increased its holdings in GCM Grosvenor by 1.5% during the 2nd quarter. Ariel Investments LLC now owns 4,546,096 shares of the company’s stock worth $44,370,000 after purchasing an additional 66,016 shares in the last quarter. Institutional investors own 99.95% of the company’s stock.

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.