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

GCM Grosvenor (NASDAQ:GCMG) had its price target hoisted by investment analysts at UBS Group from $9.50 to $12.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 4.17% from the stock’s current price.

Several other brokerages also recently weighed in on GCMG. Oppenheimer upped their target price on shares of GCM Grosvenor from $14.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. TD Cowen upped their price objective on shares of GCM Grosvenor from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. dropped their target price on GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Piper Sandler increased their price target on GCM Grosvenor from $10.50 to $11.50 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.10.

GCM Grosvenor Trading Down 1.7 %

Shares of GCMG traded down $0.20 during midday trading on Tuesday, reaching $11.52. 77,438 shares of the company were exchanged, compared to its average volume of 174,838. GCM Grosvenor has a 1-year low of $7.70 and a 1-year high of $11.78. The stock has a 50-day moving average price of $11.10 and a 200-day moving average price of $10.34. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -36.00 and a beta of 0.54.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $116.95 million for the quarter, compared to analyst estimates of $117.12 million. Equities research analysts anticipate that GCM Grosvenor will post 0.5 earnings per share for the current year.

Insider Activity at GCM Grosvenor

In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 5,000 shares of GCM Grosvenor stock in a transaction on Monday, September 9th. The shares were sold at an average price of $10.73, for a total value of $53,650.00. Following the completion of the transaction, the insider now owns 47,307 shares of the company’s stock, valued at $507,604.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 77.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GCMG. Quadrature Capital Ltd acquired a new stake in GCM Grosvenor during the fourth quarter worth about $117,000. Wasatch Advisors LP raised its position in shares of GCM Grosvenor by 111.5% during the 1st quarter. Wasatch Advisors LP now owns 2,342,156 shares of the company’s stock worth $22,625,000 after purchasing an additional 1,234,505 shares during the period. GSA Capital Partners LLP bought a new stake in shares of GCM Grosvenor in the 1st quarter worth approximately $873,000. Russell Investments Group Ltd. boosted its position in GCM Grosvenor by 23.7% during the 1st quarter. Russell Investments Group Ltd. now owns 681,202 shares of the company’s stock valued at $6,580,000 after purchasing an additional 130,547 shares during the period. Finally, Blair William & Co. IL boosted its position in GCM Grosvenor by 35.6% during the 1st quarter. Blair William & Co. IL now owns 164,442 shares of the company’s stock valued at $1,589,000 after purchasing an additional 43,207 shares during the period. 99.95% of the stock is currently owned by institutional investors.

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.