UBS Group Increases GCM Grosvenor (NASDAQ:GCMG) Price Target to $9.50

GCM Grosvenor (NASDAQ:GCMG) had its target price increased by equities research analysts at UBS Group from $9.00 to $9.50 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 0.74% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Piper Sandler reiterated a “neutral” rating and set a $10.00 target price on shares of GCM Grosvenor in a research note on Wednesday, December 20th. Oppenheimer lowered their target price on shares of GCM Grosvenor from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Finally, TD Cowen upgraded shares of GCM Grosvenor from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $9.50 to $10.00 in a research note on Friday, February 16th.

GCM Grosvenor Trading Up 1.5 %

Shares of NASDAQ:GCMG opened at $9.43 on Friday. The company has a fifty day simple moving average of $8.87 and a 200 day simple moving average of $8.57. The firm has a market cap of $1.77 billion, a PE ratio of -32.52 and a beta of 0.51. GCM Grosvenor has a 12-month low of $6.56 and a 12-month high of $9.70.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.08). GCM Grosvenor had a negative return on equity of 76.61% and a net margin of 2.87%. The company had revenue of $116.56 million during the quarter, compared to the consensus estimate of $127.29 million. As a group, equities research analysts forecast that GCM Grosvenor will post 0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On GCM Grosvenor

Several institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. grew its position in shares of GCM Grosvenor by 0.3% during the first quarter. Ameriprise Financial Inc. now owns 4,118,364 shares of the company’s stock worth $32,164,000 after acquiring an additional 12,640 shares during the last quarter. BlackRock Inc. grew its position in shares of GCM Grosvenor by 5.0% during the second quarter. BlackRock Inc. now owns 2,889,206 shares of the company’s stock worth $21,785,000 after acquiring an additional 137,722 shares during the last quarter. Geode Capital Management LLC lifted its holdings in GCM Grosvenor by 3.2% in the second quarter. Geode Capital Management LLC now owns 862,992 shares of the company’s stock worth $6,507,000 after purchasing an additional 26,729 shares during the period. State Street Corp lifted its holdings in GCM Grosvenor by 1.0% in the second quarter. State Street Corp now owns 787,880 shares of the company’s stock worth $5,941,000 after purchasing an additional 7,944 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in GCM Grosvenor by 65.0% in the fourth quarter. Russell Investments Group Ltd. now owns 550,655 shares of the company’s stock worth $4,934,000 after purchasing an additional 216,964 shares during the period. Institutional investors own 99.95% of the company’s stock.

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.