GCM Grosvenor (NASDAQ:GCMG) Stock Price Target Raised at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its GCM Grosvenor price target from $13.00 to $14.50 but maintained a “neutral” rating, implying about 3% upside from the current share price.
• Quarterly results topped estimates: adjusted EPS was $0.22 versus $0.21 expected, while revenue was $145.6 million versus $141.6 million. The company also projected 7%–9% growth in private-markets management fees in Q4.
• Analyst views are generally positive, with a “Moderate Buy” consensus and an average target of $15.12. Meanwhile, insiders sold 90,000 shares worth about $1.16 million over the past 90 days.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $13.00 to $14.50 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 3.03% from the stock's current price.

Other analysts also recently issued reports about the stock. Oppenheimer dropped their price target on shares of GCM Grosvenor from $18.00 to $17.00 and set an "outperform" rating on the stock in a research report on Friday, July 17th. Wall Street Zen cut shares of GCM Grosvenor from a "buy" rating to a "hold" rating in a report on Saturday, October 10th. Weiss Ratings upgraded shares of GCM Grosvenor from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 13th. Finally, Piper Sandler raised their price objective on shares of GCM Grosvenor from $14.50 to $15.00 and gave the company an "overweight" rating in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.12.

GCM Grosvenor Stock Performance

Shares of NASDAQ GCMG traded up $0.62 during midday trading on Tuesday, reaching $14.07. 273,958 shares of the company traded hands, compared to its average volume of 525,579. GCM Grosvenor has a 52 week low of $9.30 and a 52 week high of $14.87. The stock has a 50-day moving average price of $12.87 and a 200 day moving average price of $11.91. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.89 and a quick ratio of 1.89. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 27.10 and a beta of 0.91.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The business had revenue of $145.55 million during the quarter, compared to the consensus estimate of $141.60 million. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. Sell-side analysts anticipate that GCM Grosvenor will post 0.69 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Kathleen Sullivan sold 24,963 shares of GCM Grosvenor stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $13.15, for a total transaction of $328,263.45. Following the transaction, the insider directly owned 59,832 shares of the company's stock, valued at $786,790.80. The trade was a 29.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Pamela L. Bentley sold 40,000 shares of the business's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $12.56, for a total transaction of $502,400.00. Following the completion of the sale, the chief financial officer owned 24,397 shares in the company, valued at approximately $306,426.32. This trade represents a 62.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 90,000 shares of company stock valued at $1,155,350 in the last ninety days. Company insiders own 70.70% of the company's stock.

Hedge Funds Weigh In On GCM Grosvenor

Several large investors have recently made changes to their positions in GCMG. Bank of New York Mellon Corp purchased a new stake in GCM Grosvenor during the second quarter valued at about $4,226,000. Globeflex Capital L P acquired a new position in shares of GCM Grosvenor in the first quarter worth about $1,198,000. Dimensional Fund Advisors LP increased its position in shares of GCM Grosvenor by 17.4% in the first quarter. Dimensional Fund Advisors LP now owns 823,520 shares of the company's stock worth $8,070,000 after acquiring an additional 122,110 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of GCM Grosvenor by 20.9% in the third quarter. Russell Investments Group Ltd. now owns 329,696 shares of the company's stock worth $4,250,000 after acquiring an additional 57,040 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of GCM Grosvenor by 18.8% in the first quarter. The Manufacturers Life Insurance Company now owns 280,406 shares of the company's stock worth $2,748,000 after acquiring an additional 44,316 shares in the last quarter. Institutional investors own 99.95% of the company's stock.

Key Headlines Impacting GCM Grosvenor

Here are the key news stories impacting GCM Grosvenor this week:

• Positive Sentiment: Q3 beat and earnings growth: GCM Grosvenor reported adjusted earnings of $0.22 per share, above the $0.21 consensus and up from $0.19 a year earlier. Revenue of $145.6 million also exceeded the $141.6 million estimate. GAAP net income rose 17% year over year, fee-related earnings increased 15%, and adjusted net income grew 20%. Third-quarter results
• Positive Sentiment: Constructive outlook: The company anticipates 7%–9% growth in private-markets management fees in Q4 and expects 2026 fundraising to rival 2025, supporting expectations for continued business momentum. Management fee growth outlook
• Positive Sentiment: Analyst target increase: Piper Sandler raised its price target from $14.50 to $15.00 and reiterated its “overweight” rating, signaling a more favorable view of the shares. Piper Sandler recommendations
• Neutral Sentiment: Dividend declared: GCM Grosvenor announced a quarterly dividend of $0.12 per share, equivalent to $0.48 annualized. The payment is scheduled for December 15 to shareholders of record December 1.

GCM Grosvenor Company Profile

GCM Grosvenor is an alternative asset management firm that provides investment solutions across private markets and hedge fund strategies. Its offerings include private equity, infrastructure, real estate and credit investments, as well as customized portfolios and multi-manager strategies.

The firm invests on behalf of institutional investors and other clients through primary investments, co-investments and secondary-market transactions. Its activities span global markets, with offices in North America, Europe and Asia.

Founded in 1971, the firm traces its roots to Grosvenor Capital Management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.