GCM Grosvenor (NASDAQ:GCMG) Price Target Raised to $12.00

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) had its price objective hoisted by stock analysts at UBS Group from $9.50 to $12.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's target price points to a potential upside of 2.48% from the company's previous close.

A number of other equities research analysts have also recently weighed in on GCMG. JPMorgan Chase & Co. dropped their price objective on GCM Grosvenor from $10.50 to $10.00 and set a "neutral" rating for the company in a research note on Monday, August 12th. TD Cowen boosted their price target on shares of GCM Grosvenor from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Piper Sandler raised their price objective on shares of GCM Grosvenor from $10.50 to $11.50 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Finally, Oppenheimer lifted their price objective on shares of GCM Grosvenor from $14.00 to $18.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, GCM Grosvenor currently has an average rating of "Hold" and a consensus target price of $13.10.

GCM Grosvenor Trading Down 0.1 %

GCMG traded down $0.01 on Tuesday, hitting $11.71. The company had a trading volume of 245,760 shares, compared to its average volume of 175,663. The firm has a market cap of $2.21 billion, a P/E ratio of -36.59 and a beta of 0.54. The company's fifty day moving average price is $11.10 and its 200 day moving average price is $10.34. GCM Grosvenor has a 1 year low of $7.70 and a 1 year high of $11.78.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $116.95 million for the quarter, compared to analyst estimates of $117.12 million. GCM Grosvenor had a net margin of 3.46% and a negative return on equity of 73.82%. On average, analysts predict that GCM Grosvenor will post 0.5 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of GCM Grosvenor

A number of institutional investors have recently bought and sold shares of the business. Copeland Capital Management LLC acquired a new stake in shares of GCM Grosvenor during the 3rd quarter worth about $58,000. LRI Investments LLC acquired a new position in shares of GCM Grosvenor in the 1st quarter valued at $95,000. Price T Rowe Associates Inc. MD grew its position in shares of 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 buying an additional 2,341 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in GCM Grosvenor during the 4th quarter worth $117,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in GCM Grosvenor during the 2nd quarter worth $157,000. 99.95% of the stock is owned by hedge funds and other 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.