GCM Grosvenor (NASDAQ:GCMG – Get Free Report) had its target price upped by equities research analysts at Piper Sandler from $13.00 to $15.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective points to a potential upside of 9.65% from the stock’s current price.
Several other equities research analysts have also commented on the stock. Wall Street Zen lowered shares of GCM Grosvenor from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GCM Grosvenor in a research report on Wednesday. Oppenheimer lifted their price target on GCM Grosvenor from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, TD Cowen boosted their price objective on GCM Grosvenor from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.67.
View Our Latest Stock Report on GCM Grosvenor
GCM Grosvenor Stock Performance
GCM Grosvenor (NASDAQ:GCMG – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $124.78 million during the quarter, compared to analyst estimates of $130.13 million. GCM Grosvenor had a return on equity of 222.78% and a net margin of 9.05%. Equities analysts forecast that GCM Grosvenor will post 0.66 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its holdings in shares of GCM Grosvenor by 2.8% in the second quarter. Ameriprise Financial Inc. now owns 6,060,384 shares of the company’s stock worth $70,058,000 after acquiring an additional 166,578 shares during the period. Vanguard Group Inc. raised its stake in shares of GCM Grosvenor by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,755,329 shares of the company’s stock valued at $57,397,000 after purchasing an additional 114,983 shares during the period. UBS Group AG lifted its holdings in GCM Grosvenor by 438.3% during the 3rd quarter. UBS Group AG now owns 1,833,941 shares of the company’s stock worth $22,136,000 after purchasing an additional 1,493,250 shares in the last quarter. State Street Corp boosted its stake in GCM Grosvenor by 18.3% in the 4th quarter. State Street Corp now owns 1,649,438 shares of the company’s stock worth $18,672,000 after purchasing an additional 254,642 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in GCM Grosvenor by 145.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,529,439 shares of the company’s stock worth $17,313,000 after purchasing an additional 906,608 shares during the period. 99.95% of the stock is currently owned by hedge funds and other institutional investors.
GCM Grosvenor Company Profile
GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.
Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.
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