UBS Group Increases GCM Grosvenor (NASDAQ:GCMG) Price Target to $14.00

GCM Grosvenor (NASDAQ:GCMG) had its price objective hoisted by UBS Group from $13.00 to $14.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential downside of 2.41% from the company’s current price.

GCMG has been the topic of several other research reports. Piper Sandler raised GCM Grosvenor from a “neutral” rating to an “overweight” rating and upped their target price 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 report on Thursday, December 12th. Finally, TD Cowen downgraded GCM Grosvenor from a “buy” rating to a “hold” rating and dropped their target price for the stock from $13.50 to $12.50 in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, GCM Grosvenor has a consensus rating of “Hold” and a consensus target price of $14.10.

GCM Grosvenor Trading Down 0.5 %

GCMG opened at $14.35 on Wednesday. The stock’s fifty day simple moving average is $13.04 and its 200 day simple moving average is $11.98. GCM Grosvenor has a 1-year low of $8.31 and a 1-year high of $14.48. The stock has a market cap of $2.71 billion, a PE ratio of 478.17 and a beta of 0.56.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). GCM Grosvenor had a net margin of 3.64% and a negative return on equity of 101.23%. Equities analysts forecast that GCM Grosvenor will post 0.64 earnings per share for the current year.

Hedge Funds Weigh In On GCM Grosvenor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY acquired a new stake in shares of GCM Grosvenor during the 3rd quarter worth $19,810,000. Ameriprise Financial Inc. grew its stake in GCM Grosvenor by 9.7% during the fourth quarter. Ameriprise Financial Inc. now owns 5,892,934 shares of the company’s stock worth $72,306,000 after buying an additional 519,226 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in GCM Grosvenor by 2,277.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 402,094 shares of the company’s stock valued at $4,934,000 after buying an additional 385,182 shares during the period. Two Sigma Advisers LP raised its position in shares of GCM Grosvenor by 893.7% in the 4th quarter. Two Sigma Advisers LP now owns 251,400 shares of the company’s stock valued at $3,085,000 after buying an additional 226,100 shares in the last quarter. Finally, Granite Investment Partners LLC bought a new stake in shares of GCM Grosvenor during the 4th quarter worth approximately $2,200,000. 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.