GCM Grosvenor (NASDAQ:GCMG) Given New $14.00 Price Target at UBS Group

GCM Grosvenor (NASDAQ:GCMG) had its target price lifted by investment analysts at UBS Group from $13.00 to $14.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential downside of 0.78% from the stock’s current price.

GCMG has been the subject of a number of other reports. Piper Sandler raised GCM Grosvenor from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $12.50 to $14.00 in a research note on Monday, December 23rd. Oppenheimer upped their price target on GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, TD Cowen downgraded GCM Grosvenor from a “buy” rating to a “hold” rating and reduced their price target for the stock from $13.50 to $12.50 in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.10.

GCM Grosvenor Stock Performance

NASDAQ GCMG opened at $14.11 on Wednesday. The business has a 50 day simple moving average of $12.96 and a 200 day simple moving average of $11.95. GCM Grosvenor has a 52-week low of $8.31 and a 52-week high of $14.44. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 471.40 and a beta of 0.56.

GCM Grosvenor (NASDAQ:GCMG) last posted its earnings results on Monday, February 10th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). GCM Grosvenor had a negative return on equity of 101.23% and a net margin of 3.64%. On average, analysts predict that GCM Grosvenor will post 0.64 EPS for the current year.

Institutional Investors Weigh In On GCM Grosvenor

Large investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of GCM Grosvenor in the 4th quarter valued at approximately $57,000. Copeland Capital Management LLC acquired a new stake in shares of GCM Grosvenor in the 3rd quarter valued at approximately $58,000. Quantbot Technologies LP boosted its holdings in shares of GCM Grosvenor by 1,474.0% in the 4th quarter. Quantbot Technologies LP now owns 9,334 shares of the company’s stock valued at $115,000 after buying an additional 8,741 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of GCM Grosvenor in the 4th quarter valued at approximately $127,000. Finally, ProShare Advisors LLC acquired a new stake in GCM Grosvenor during the 4th quarter valued at $147,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

GCM Grosvenor Company Profile

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.