GCM Grosvenor (NASDAQ:GCMG – Get Free Report) had its target price reduced by investment analysts at Oppenheimer from $15.00 to $14.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price objective would indicate a potential upside of 35.27% from the company’s previous close.
A number of other equities research analysts also recently weighed in on GCMG. Piper Sandler upped their target price on GCM Grosvenor from $10.00 to $10.50 and gave the stock a “neutral” rating in a research report on Monday, May 20th. UBS Group raised their target price on shares of GCM Grosvenor from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, TD Cowen boosted their target price on shares of GCM Grosvenor from $11.00 to $11.50 and gave the company a “buy” rating in a research note on Thursday, May 9th.
Check Out Our Latest Research Report on GCM Grosvenor
GCM Grosvenor Trading Up 0.7 %
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of GCMG. New York State Common Retirement Fund raised its position in shares of GCM Grosvenor by 30.3% in the fourth quarter. New York State Common Retirement Fund now owns 9,951 shares of the company’s stock valued at $89,000 after purchasing an additional 2,312 shares during the period. LRI Investments LLC bought a new position in shares of GCM Grosvenor in the first quarter worth about $95,000. SG Americas Securities LLC bought a new position in GCM Grosvenor during the fourth quarter worth $109,000. Quadrature Capital Ltd acquired a new position in shares of GCM Grosvenor during the fourth quarter valued at about $117,000. Finally, Price T Rowe Associates Inc. MD increased its stake in GCM Grosvenor by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,461 shares of the company’s stock valued at $121,000 after acquiring an additional 2,341 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.
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