GCM Grosvenor (NASDAQ:GCMG – Get Free Report) had its price objective lifted by equities research analysts at TD Cowen from $12.00 to $14.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s target price would suggest a potential upside of 35.27% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the company. Oppenheimer cut their price objective on GCM Grosvenor from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday. Piper Sandler boosted their price objective on GCM Grosvenor from $10.00 to $10.50 and gave the stock a “neutral” rating in a research report on Monday, May 20th. Finally, UBS Group boosted their price objective on GCM Grosvenor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Friday, April 12th.
Check Out Our Latest Analysis on GCM Grosvenor
GCM Grosvenor Stock Performance
Hedge Funds Weigh In On GCM Grosvenor
Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in GCM Grosvenor by 9.9% in the 2nd quarter. Renaissance Technologies LLC now owns 482,400 shares of the company’s stock valued at $4,708,000 after acquiring an additional 43,600 shares in the last quarter. National Bank of Canada FI raised its holdings in GCM Grosvenor by 26.9% in the 2nd quarter. National Bank of Canada FI now owns 184,102 shares of the company’s stock valued at $1,786,000 after acquiring an additional 39,013 shares in the last quarter. Rhumbline Advisers raised its holdings in GCM Grosvenor by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 58,772 shares of the company’s stock valued at $574,000 after acquiring an additional 1,402 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of GCM Grosvenor by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 367,981 shares of the company’s stock worth $3,591,000 after buying an additional 12,692 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of GCM Grosvenor in the 1st quarter worth approximately $95,000. Institutional investors and hedge funds 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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