GCM Grosvenor (NASDAQ:GCMG) Stock Price Expected to Rise, Oppenheimer Analyst Says

GCM Grosvenor (NASDAQ:GCMG) had its price target increased by stock analysts at Oppenheimer from $18.00 to $19.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 63.23% from the company’s previous close.

Separately, Piper Sandler lowered their target price on shares of GCM Grosvenor from $16.00 to $14.50 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, GCM Grosvenor currently has an average rating of “Hold” and a consensus target price of $14.00.

GCM Grosvenor Stock Down 1.3%

GCMG stock opened at $11.64 on Monday. GCM Grosvenor has a 52 week low of $10.04 and a 52 week high of $14.48. The firm has a market capitalization of $2.26 billion, a P/E ratio of 83.14 and a beta of 0.70. The company has a fifty day simple moving average of $12.11 and a two-hundred day simple moving average of $12.74.

Institutional Trading of GCM Grosvenor

Institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in shares of GCM Grosvenor by 9.7% in the 4th quarter. Ameriprise Financial Inc. now owns 5,892,934 shares of the company’s stock valued at $72,306,000 after acquiring an additional 519,226 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of GCM Grosvenor by 1.7% during the first quarter. Vanguard Group Inc. now owns 4,341,245 shares of the company’s stock valued at $57,435,000 after buying an additional 73,671 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in GCM Grosvenor by 0.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,326,682 shares of the company’s stock valued at $30,782,000 after buying an additional 8,364 shares during the last quarter. Bamco Inc. NY raised its position in GCM Grosvenor by 25.7% in the 4th quarter. Bamco Inc. NY now owns 2,200,000 shares of the company’s stock valued at $26,994,000 after buying an additional 450,000 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of GCM Grosvenor by 61.2% in the first quarter. Northern Trust Corp now owns 848,389 shares of the company’s stock valued at $11,224,000 after acquiring an additional 322,062 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors.

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.