William Blair Expects Stronger Earnings for GCM Grosvenor

GCM Grosvenor Inc. (NASDAQ:GCMG) – Equities researchers at William Blair boosted their FY2024 earnings per share estimates for GCM Grosvenor in a research report issued on Monday, January 13th. William Blair analyst A. Klauber now forecasts that the company will earn $0.50 per share for the year, up from their prior estimate of $0.49. The consensus estimate for GCM Grosvenor’s current full-year earnings is $0.50 per share. William Blair also issued estimates for GCM Grosvenor’s Q4 2024 earnings at $0.18 EPS.

Other analysts have also recently issued research reports about the company. Piper Sandler upgraded GCM Grosvenor from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $12.50 to $14.00 in a research report on Monday, December 23rd. Oppenheimer upped their price objective on GCM Grosvenor from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. UBS Group upped their price objective on GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen cut GCM Grosvenor from a “buy” rating to a “hold” rating and reduced their price objective for the company from $13.50 to $12.50 in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.70.

GCM Grosvenor Stock Performance

GCM Grosvenor stock opened at $12.98 on Thursday. The stock has a market cap of $2.45 billion, a PE ratio of -216.33 and a beta of 0.56. GCM Grosvenor has a one year low of $8.05 and a one year high of $13.05. The stock has a fifty day moving average of $12.29 and a 200 day moving average of $11.42.

Institutional Trading of GCM Grosvenor

A number of hedge funds and other institutional investors have recently bought and sold shares of GCMG. Rhumbline Advisers increased its position in GCM Grosvenor by 2.4% in the second quarter. Rhumbline Advisers now owns 58,772 shares of the company’s stock worth $574,000 after buying an additional 1,402 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of GCM Grosvenor by 9.9% in the second quarter. Renaissance Technologies LLC now owns 482,400 shares of the company’s stock worth $4,708,000 after acquiring an additional 43,600 shares during the period. Blair William & Co. IL boosted 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 acquiring an additional 23,635 shares during the period. Squarepoint Ops LLC boosted its stake in shares of GCM Grosvenor by 374.3% in the second quarter. Squarepoint Ops LLC now owns 91,437 shares of the company’s stock worth $892,000 after acquiring an additional 72,160 shares during the period. Finally, Ariel Investments LLC boosted its stake in shares of GCM Grosvenor by 1.5% in the second quarter. Ariel Investments LLC now owns 4,546,096 shares of the company’s stock worth $44,370,000 after acquiring an additional 66,016 shares during the period. Hedge funds and other institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Monday, December 2nd. GCM Grosvenor’s payout ratio is -733.33%.

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.