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

GCM Grosvenor (NASDAQ:GCMG) had its price target lifted by analysts at UBS Group from $13.00 to $14.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential downside of 0.78% from the company’s current price.

Several other brokerages also recently issued reports on GCMG. TD Cowen downgraded shares of GCM Grosvenor from a “buy” rating to a “hold” rating and reduced their price target for the stock from $13.50 to $12.50 in a research report on Monday, November 11th. Oppenheimer upped their price target on shares of GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Piper Sandler upgraded shares of GCM Grosvenor from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $12.50 to $14.00 in a research report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.10.

GCM Grosvenor Stock Performance

Shares of NASDAQ:GCMG opened at $14.11 on Wednesday. GCM Grosvenor has a 52 week low of $8.31 and a 52 week high of $14.44. The company’s fifty day moving average is $12.96 and its 200-day moving average is $11.95. The company has a market capitalization of $2.67 billion, a PE ratio of 471.40 and a beta of 0.56.

GCM Grosvenor (NASDAQ:GCMG) last issued its earnings results on Monday, February 10th. The company reported $0.21 EPS 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%. On average, analysts forecast that GCM Grosvenor will post 0.64 EPS for the current year.

Institutional Trading of GCM Grosvenor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in GCM Grosvenor by 56.9% during the 3rd quarter. Barclays PLC now owns 113,823 shares of the company’s stock worth $1,288,000 after purchasing an additional 41,259 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of GCM Grosvenor by 232.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 100,980 shares of the company’s stock valued at $1,143,000 after acquiring an additional 70,565 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of GCM Grosvenor by 3.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,485,933 shares of the company’s stock valued at $28,141,000 after acquiring an additional 87,010 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of GCM Grosvenor by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 120,317 shares of the company’s stock valued at $1,362,000 after acquiring an additional 3,047 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of GCM Grosvenor by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company’s stock valued at $11,375,000 after acquiring an additional 2,607 shares during the last quarter. 99.95% of the stock is owned by institutional investors.

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.