GCM Grosvenor (NASDAQ:GCMG) Price Target Raised to $20.00 at Oppenheimer

GCM Grosvenor (NASDAQ:GCMG) had its price objective boosted by Oppenheimer from $18.00 to $20.00 in a research note published on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts have also commented on the company. Piper Sandler upped their target price on GCM Grosvenor from $10.50 to $11.50 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. UBS Group upped their price objective on shares of GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen downgraded shares of GCM Grosvenor from a “buy” rating to a “hold” rating and lowered their target price for the company from $13.50 to $12.50 in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.20.

GCM Grosvenor Stock Down 0.2 %

GCMG stock opened at $12.35 on Thursday. GCM Grosvenor has a one year low of $8.05 and a one year high of $12.58. The company has a 50 day moving average price of $11.86 and a two-hundred day moving average price of $10.97.

GCM Grosvenor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Monday, December 2nd. GCM Grosvenor’s payout ratio is currently -733.33%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Copeland Capital Management LLC acquired a new stake in shares of GCM Grosvenor in the third quarter worth $58,000. Price T Rowe Associates Inc. MD increased its holdings in GCM Grosvenor by 23.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,461 shares of the company’s stock valued at $121,000 after purchasing an additional 2,341 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in GCM Grosvenor in the second quarter valued at about $157,000. SG Americas Securities LLC acquired a new position in shares of GCM Grosvenor during the third quarter worth about $191,000. Finally, Quest Partners LLC purchased a new stake in shares of GCM Grosvenor in the third quarter worth about $424,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

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.