UBS Group Forecasts Strong Price Appreciation for GCM Grosvenor (NASDAQ:GCMG) Stock

GCM Grosvenor (NASDAQ:GCMG) had its target price hoisted by UBS Group from $13.00 to $14.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target points to a potential downside of 2.41% from the stock’s previous close.

GCMG has been the subject of a number of other reports. Oppenheimer increased 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 target for the company from $12.50 to $14.00 in a research note on Monday, December 23rd. Finally, TD Cowen cut 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 report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, GCM Grosvenor has a consensus rating of “Hold” and a consensus price target of $14.10.

GCM Grosvenor Trading Down 0.5 %

Shares of NASDAQ GCMG opened at $14.35 on Wednesday. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 478.17 and a beta of 0.56. GCM Grosvenor has a 12 month low of $8.31 and a 12 month high of $14.48. The stock has a 50-day moving average price of $13.04 and a two-hundred day moving average price of $11.98.

GCM Grosvenor (NASDAQ:GCMG) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.21 earnings per share (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%. On average, sell-side analysts predict that GCM Grosvenor will post 0.64 earnings per share for the current year.

Hedge Funds Weigh In On GCM Grosvenor

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. R Squared Ltd bought a new stake in GCM Grosvenor in the fourth quarter worth approximately $57,000. Copeland Capital Management LLC bought a new stake in GCM Grosvenor during the third quarter worth $58,000. Quantbot Technologies LP raised its position in 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 bought a new position in GCM Grosvenor during the 4th quarter valued at $127,000. Finally, ProShare Advisors LLC purchased a new position in GCM Grosvenor during the 4th quarter worth $147,000. 99.95% of the stock is owned by institutional investors and hedge funds.

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.