GCM Grosvenor Inc. (NASDAQ:GCMG – Get Free Report) has earned an average rating of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $15.00.
A number of brokerages have recently weighed in on GCMG. Oppenheimer cut their target price on shares of GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Wall Street Zen raised GCM Grosvenor from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. JPMorgan Chase & Co. increased their target price on GCM Grosvenor from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. Finally, Piper Sandler raised their price objective on GCM Grosvenor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th.
Check Out Our Latest Analysis on GCMG
Insider Buying and Selling at GCM Grosvenor
Institutional Investors Weigh In On GCM Grosvenor
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI boosted its stake in shares of GCM Grosvenor by 65.5% in the 3rd quarter. National Bank of Canada FI now owns 4,405 shares of the company’s stock worth $53,000 after buying an additional 1,743 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in GCM Grosvenor by 44.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 4,570 shares of the company’s stock worth $52,000 after purchasing an additional 1,417 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of GCM Grosvenor by 308.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company’s stock valued at $67,000 after purchasing an additional 4,362 shares during the last quarter. Quarry LP bought a new position in shares of GCM Grosvenor in the 3rd quarter worth approximately $71,000. Finally, CWM LLC grew its position in GCM Grosvenor by 104.8% during the fourth quarter. CWM LLC now owns 8,601 shares of the company’s stock valued at $97,000 after buying an additional 4,402 shares during the period. Hedge funds and other institutional investors own 99.95% of the company’s stock.
GCM Grosvenor Stock Performance
Shares of GCMG stock opened at $13.27 on Friday. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 25.52 and a beta of 0.83. The stock has a fifty day moving average of $13.24 and a 200 day moving average of $11.71. GCM Grosvenor has a 52 week low of $9.30 and a 52 week high of $14.87. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 2.96.
GCM Grosvenor (NASDAQ:GCMG – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. The business had revenue of $134.34 million for the quarter, compared to the consensus estimate of $131.21 million. As a group, research analysts expect that GCM Grosvenor will post 0.7 earnings per share for the current year.
GCM Grosvenor Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 1st. GCM Grosvenor’s dividend payout ratio is currently 92.31%.
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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