GCM Grosvenor Inc. (NASDAQ:GCMG) Receives $17.33 Average Price Target from Brokerages

Shares of GCM Grosvenor Inc. (NASDAQ:GCMG) have been assigned an average recommendation of “Moderate Buy” from the four analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $17.3333.

Several analysts have issued reports on GCMG shares. Wall Street Zen upgraded GCM Grosvenor from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings downgraded shares of GCM Grosvenor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $24.00 target price on shares of GCM Grosvenor in a research note on Wednesday.

Insider Buying and Selling at GCM Grosvenor

In related news, CFO Pamela L. Bentley sold 40,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $11.61, for a total transaction of $464,400.00. Following the sale, the chief financial officer directly owned 43,309 shares in the company, valued at approximately $502,817.49. The trade was a 48.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 76.40% of the company’s stock.

Hedge Funds Weigh In On GCM Grosvenor

Several hedge funds have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. bought a new position in GCM Grosvenor in the 2nd quarter valued at $43,384,000. UBS Group AG boosted its stake in GCM Grosvenor by 438.3% during the third quarter. UBS Group AG now owns 1,833,941 shares of the company’s stock valued at $22,136,000 after buying an additional 1,493,250 shares during the period. Marshall Wace LLP grew its position in GCM Grosvenor by 2,502.0% during the second quarter. Marshall Wace LLP now owns 1,006,541 shares of the company’s stock worth $11,636,000 after buying an additional 967,857 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in GCM Grosvenor by 145.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,529,439 shares of the company’s stock worth $17,313,000 after acquiring an additional 906,608 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of GCM Grosvenor by 231.0% in the 3rd quarter. Millennium Management LLC now owns 1,290,222 shares of the company’s stock valued at $15,573,000 after acquiring an additional 900,458 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

GCM Grosvenor Stock Performance

Shares of GCMG stock opened at $12.04 on Thursday. The company has a debt-to-equity ratio of 112.30, a quick ratio of 2.76 and a current ratio of 2.76. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 32.54 and a beta of 0.80. GCM Grosvenor has a 52 week low of $9.86 and a 52 week high of $14.48. The firm’s 50-day simple moving average is $11.37 and its two-hundred day simple moving average is $11.79.

GCM Grosvenor (NASDAQ:GCMG) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. GCM Grosvenor had a net margin of 8.14% and a negative return on equity of 369.56%. The company had revenue of $177.10 million during the quarter, compared to analyst estimates of $160.20 million. As a group, equities analysts forecast that GCM Grosvenor will post 0.64 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.12 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.48 annualized dividend and a dividend yield of 4.0%. GCM Grosvenor’s dividend payout ratio is currently 129.73%.

GCM Grosvenor Company Profile

GCM Grosvenor is a global alternative asset management firm that specializes in customized investment solutions across a range of private markets and hedge fund strategies. The firm partners with institutional clients—including pension funds, endowments, insurers and sovereign wealth funds—to design and implement portfolios that span private equity, infrastructure, real estate, credit and multi‐strategy hedge fund products. Through its multi‐manager platforms and direct co‐investment vehicles, GCM Grosvenor provides diversified access to opportunities that can enhance returns and manage risk in client portfolios.

Founded in 1971 as Grosvenor Capital Management, the firm has built a track record of sourcing, structuring and monitoring alternative investments on behalf of its clients.