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

GCM Grosvenor (NASDAQ:GCMG) had its target price boosted by UBS Group from $13.00 to $14.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Oppenheimer upped their price target on GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Piper Sandler upgraded 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 report on Monday, December 23rd. Finally, TD Cowen cut GCM Grosvenor from a “buy” rating to a “hold” rating and reduced their target price for the company from $13.50 to $12.50 in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.10.

GCM Grosvenor Stock Down 0.9 %

NASDAQ GCMG opened at $14.22 on Wednesday. The stock has a market cap of $2.69 billion, a PE ratio of 474.00 and a beta of 0.56. GCM Grosvenor has a fifty-two week low of $8.31 and a fifty-two week high of $14.48. The business has a 50 day moving average price of $13.07 and a two-hundred day moving average price of $12.01.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings results on Monday, February 10th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). GCM Grosvenor had a negative return on equity of 101.23% and a net margin of 3.64%. Sell-side analysts anticipate that GCM Grosvenor will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.11 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.09%. GCM Grosvenor’s dividend payout ratio (DPR) is presently 1,466.67%.

Institutional Investors Weigh In On GCM Grosvenor

A number of institutional investors have recently modified their holdings of GCMG. R Squared Ltd acquired a new stake in shares of GCM Grosvenor in the 4th quarter valued at about $57,000. Copeland Capital Management LLC acquired a new stake in shares of GCM Grosvenor in the 3rd quarter valued at about $58,000. Quantbot Technologies LP raised its stake in shares of GCM Grosvenor by 1,474.0% in the 4th quarter. Quantbot Technologies LP now owns 9,334 shares of the company’s stock valued at $115,000 after purchasing an additional 8,741 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of GCM Grosvenor in the 4th quarter valued at about $127,000. Finally, ProShare Advisors LLC bought a new stake in shares of GCM Grosvenor during the 4th quarter valued at about $147,000. Institutional investors and hedge funds 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.