GCM Grosvenor (NASDAQ:GCMG) PT Raised to $9.50

GCM Grosvenor (NASDAQ:GCMG) had its price objective upped by research analysts at UBS Group from $9.00 to $9.50 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 1.28% from the company’s previous close.

Several other research firms have also recently issued reports on GCMG. Piper Sandler reiterated a “neutral” rating and issued a $10.00 price objective on shares of GCM Grosvenor in a report on Wednesday, December 20th. Oppenheimer decreased their price objective on shares of GCM Grosvenor from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Finally, TD Cowen upgraded shares of GCM Grosvenor from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $9.50 to $10.00 in a report on Friday, February 16th.

GCM Grosvenor Stock Up 1.0 %

NASDAQ GCMG traded up $0.09 on Friday, hitting $9.38. The stock had a trading volume of 46,487 shares, compared to its average volume of 187,601. GCM Grosvenor has a one year low of $6.56 and a one year high of $9.70. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -32.34 and a beta of 0.51. The company’s 50-day moving average is $8.85 and its two-hundred day moving average is $8.55.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.08). The company had revenue of $116.56 million during the quarter, compared to the consensus estimate of $127.29 million. GCM Grosvenor had a net margin of 2.87% and a negative return on equity of 76.61%. On average, sell-side analysts anticipate that GCM Grosvenor will post 0.54 earnings per share for the current year.

Institutional Trading of GCM Grosvenor

Several institutional investors and hedge funds have recently added to or reduced their stakes in GCMG. Russell Investments Group Ltd. lifted its stake in GCM Grosvenor by 65.0% during the fourth quarter. Russell Investments Group Ltd. now owns 550,655 shares of the company’s stock valued at $4,934,000 after purchasing an additional 216,964 shares during the last quarter. BlackRock Inc. lifted its stake in GCM Grosvenor by 5.0% during the second quarter. BlackRock Inc. now owns 2,889,206 shares of the company’s stock valued at $21,785,000 after purchasing an additional 137,722 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in GCM Grosvenor during the first quarter valued at approximately $539,000. Barclays PLC lifted its position in shares of GCM Grosvenor by 80.5% in the 2nd quarter. Barclays PLC now owns 151,469 shares of the company’s stock valued at $1,141,000 after acquiring an additional 67,568 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of GCM Grosvenor by 14.4% in the 2nd quarter. Northern Trust Corp now owns 504,651 shares of the company’s stock valued at $3,805,000 after acquiring an additional 63,573 shares in the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

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.