GCM Grosvenor (NASDAQ:GCMG) Price Target Raised to $14.00 at UBS Group

GCM Grosvenor (NASDAQ:GCMG) had its price target increased by UBS Group from $13.00 to $14.00 in a report published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other brokerages have also commented on GCMG. Oppenheimer raised their price objective on GCM Grosvenor from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. TD Cowen lowered GCM Grosvenor from a “buy” rating to a “hold” rating and lowered their price objective for the company from $13.50 to $12.50 in a research report on Monday, November 11th. Finally, Piper Sandler raised GCM Grosvenor from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $12.50 to $14.00 in a research report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, GCM Grosvenor presently has a consensus rating of “Hold” and a consensus price target of $14.10.

GCM Grosvenor Stock Up 1.8 %

Shares of GCMG stock opened at $14.41 on Wednesday. The stock has a fifty day moving average of $13.00 and a 200 day moving average of $11.97. GCM Grosvenor has a 52 week low of $8.31 and a 52 week high of $14.44. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 480.33 and a beta of 0.56.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). GCM Grosvenor had a net margin of 3.64% and a negative return on equity of 101.23%. Equities research analysts anticipate that GCM Grosvenor will post 0.64 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Monday, March 3rd. GCM Grosvenor’s dividend payout ratio is presently 1,466.67%.

Hedge Funds Weigh In On GCM Grosvenor

Several large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of GCM Grosvenor by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,242 shares of the company’s stock worth $297,000 after purchasing an additional 1,023 shares during the last quarter. Blair William & Co. IL increased its holdings in GCM Grosvenor by 0.6% in the 4th quarter. Blair William & Co. IL now owns 225,695 shares of the company’s stock worth $2,769,000 after buying an additional 1,270 shares in the last quarter. Geode Capital Management LLC increased its holdings in GCM Grosvenor by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,004,614 shares of the company’s stock worth $11,375,000 after buying an additional 2,607 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in GCM Grosvenor by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 123,112 shares of the company’s stock worth $1,511,000 after buying an additional 2,795 shares in the last quarter. Finally, Mariner LLC increased its holdings in GCM Grosvenor by 17.2% in the 4th quarter. Mariner LLC now owns 19,781 shares of the company’s stock worth $243,000 after buying an additional 2,909 shares in the last quarter. Hedge funds and other 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.