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

GCM Grosvenor (NASDAQ:GCMG) had its price objective upped by UBS Group from $13.00 to $14.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts also recently issued reports about the company. Oppenheimer boosted their price target on GCM Grosvenor from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Piper Sandler raised GCM Grosvenor from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $12.50 to $14.00 in a research report on Monday, December 23rd. Finally, TD Cowen cut 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, GCM Grosvenor presently has a consensus rating of “Hold” and an average target price of $14.10.

GCM Grosvenor Stock Up 1.8 %

GCM Grosvenor stock opened at $14.41 on Wednesday. The business has a 50-day simple moving average of $13.00 and a two-hundred day simple moving average of $11.97. The company has a market cap of $2.73 billion, a P/E ratio of 480.33 and a beta of 0.56. GCM Grosvenor has a 52-week low of $8.31 and a 52-week high of $14.44.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly 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 net margin of 3.64% and a negative return on equity of 101.23%. Research analysts anticipate that GCM Grosvenor will post 0.64 EPS for the current fiscal year.

GCM Grosvenor Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC lifted its holdings in GCM Grosvenor by 141.5% in the 4th quarter. Squarepoint Ops LLC now owns 79,652 shares of the company’s stock worth $977,000 after purchasing an additional 46,664 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in GCM Grosvenor by 893.7% in the 4th quarter. Two Sigma Advisers LP now owns 251,400 shares of the company’s stock worth $3,085,000 after purchasing an additional 226,100 shares in the last quarter. Two Sigma Investments LP lifted its holdings in GCM Grosvenor by 145.0% in the 4th quarter. Two Sigma Investments LP now owns 298,426 shares of the company’s stock worth $3,662,000 after purchasing an additional 176,627 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in GCM Grosvenor in the 4th quarter worth approximately $380,000. Finally, ProShare Advisors LLC purchased a new position in GCM Grosvenor in the 4th quarter worth approximately $147,000. 99.95% of the stock is owned by hedge funds and other institutional investors.

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.