GCM Grosvenor Inc. (NASDAQ:GCMG) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on GCM Grosvenor, with four buy ratings and one hold; the average 1-year price target is $15.00.
• GCM Grosvenor reported quarterly EPS of $0.19, exceeding the $0.18 consensus estimate, while revenue of $134.34 million also topped expectations.
• The company declared a quarterly dividend of $0.12, equivalent to an annualized $0.48 payout and a 3.6% yield; institutional investors own 99.95% of shares, while an insider recently sold 15,037 shares.

GCM Grosvenor Inc. (NASDAQ:GCMG - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $15.00.

Several brokerages have recently commented on GCMG. Oppenheimer cut their price objective on GCM Grosvenor from $18.00 to $17.00 and set an "outperform" rating for the company in a report on Friday, July 17th. Weiss Ratings raised shares of GCM Grosvenor from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 13th. Wall Street Zen upgraded shares of GCM Grosvenor from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. JPMorgan Chase & Co. boosted their target price on GCM Grosvenor from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Finally, TD Cowen boosted their target price on GCM Grosvenor from $13.50 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th.

GCM Grosvenor Stock Performance

GCM Grosvenor stock opened at $13.27 on Friday. GCM Grosvenor has a 1-year low of $9.30 and a 1-year high of $14.87. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of $2.69 billion, a PE ratio of 25.52 and a beta of 0.83. The firm's 50 day simple moving average is $13.24 and its 200 day simple moving average is $11.71.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. The firm had revenue of $134.34 million during the quarter, compared to analyst estimates of $131.21 million. As a group, analysts expect that GCM Grosvenor will post 0.7 earnings per share for the current fiscal year.

GCM Grosvenor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.12 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.48 annualized dividend and a yield of 3.6%. GCM Grosvenor's payout ratio is presently 92.31%.

Insider Buying and Selling at GCM Grosvenor

In other news, insider Kathleen Sullivan sold 15,037 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $13.16, for a total transaction of $197,886.92. Following the completion of the sale, the insider owned 44,795 shares of the company's stock, valued at approximately $589,502.20. This represents a 25.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 70.70% of the company's stock.

Institutional Investors Weigh In On GCM Grosvenor

Several institutional investors have recently added to or reduced their stakes in GCMG. UBS Group AG raised its stake in shares of 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 acquiring an additional 1,493,250 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of GCM Grosvenor by 145.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,529,439 shares of the company's stock worth $17,313,000 after purchasing an additional 906,608 shares during the last quarter. Millennium Management LLC grew its stake in shares of GCM Grosvenor by 231.0% in the third quarter. Millennium Management LLC now owns 1,290,222 shares of the company's stock worth $15,573,000 after purchasing an additional 900,458 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in GCM Grosvenor by 200.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 706,848 shares of the company's stock valued at $8,532,000 after purchasing an additional 471,223 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in GCM Grosvenor during the 2nd quarter valued at about $4,226,000. Hedge funds and other institutional investors own 99.95% of the company's stock.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source