Grosvenor Capital Management (NASDAQ:GCMG) Given a $10.50 Price Target by Credit Suisse Group Analysts

Grosvenor Capital Management (NASDAQ:GCMGGet Rating) has been given a $10.50 target price by Credit Suisse Group in a note issued to investors on Wednesday, Stock Target Advisor reports. Credit Suisse Group’s price objective suggests a potential upside of 18.78% from the company’s current price.

Separately, Bank of America began coverage on Grosvenor Capital Management in a research note on Wednesday, September 7th. They set a “neutral” rating and a $10.00 target price on the stock.

Grosvenor Capital Management Stock Performance

Shares of NASDAQ GCMG opened at $8.84 on Wednesday. The stock has a market capitalization of $1.65 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 3.33 and a beta of 0.36. Grosvenor Capital Management has a 52 week low of $6.26 and a 52 week high of $11.79. The stock has a 50 day moving average price of $8.07 and a 200 day moving average price of $7.84.

Institutional Investors Weigh In On Grosvenor Capital Management

An institutional investor recently raised its position in Grosvenor Capital Management stock. New York State Common Retirement Fund increased its position in shares of Grosvenor Capital Management, L.P. (NASDAQ:GCMGGet Rating) by 22.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,886 shares of the company’s stock after acquiring an additional 3,785 shares during the period. New York State Common Retirement Fund’s holdings in Grosvenor Capital Management were worth $165,000 as of its most recent filing with the Securities and Exchange Commission. 23.00% of the stock is owned by institutional investors.

About Grosvenor Capital Management

(Get Rating)

GCM Grosvenor, Inc provides global alternative asset management solutions. The firm invests on behalf of clients who seek allocations to alternative investments, such as private equity, infrastructure, real estate, credit, and absolute return strategies. It specializes in developing customized portfolios for clients who want an active role in the development of their alternatives programs and also offers multi-client portfolios for investors who desire a turn-key solution for accessing alternative investments.

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