GCM Grosvenor (NASDAQ:GCMG) Given New $13.00 Price Target at Piper Sandler

Key Points

• Piper Sandler cut its price target on GCM Grosvenor from $14.50 to $13.00 while maintaining an "overweight" rating, implying roughly a 35.35% upside from the current share price.
• Analyst views are mixed: Oppenheimer keeps a $24 "outperform" target, Weiss Ratings downgraded the stock to a "hold," and MarketBeat's consensus is a "Moderate Buy" with an average target of $18.50.
• The stock traded near $9.61, has a market capitalization of about $1.94 billion, and is overwhelmingly institutionally owned (around 99.95%), with several large funds recently increasing positions.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) had its price target lowered by investment analysts at Piper Sandler from $14.50 to $13.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's price target indicates a potential upside of 35.35% from the company's current price.

Other equities analysts have also issued reports about the stock. Oppenheimer reaffirmed an "outperform" rating and set a $24.00 target price on shares of GCM Grosvenor in a report on Wednesday, February 11th. Weiss Ratings lowered shares of GCM Grosvenor from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, GCM Grosvenor currently has a consensus rating of "Moderate Buy" and an average target price of $18.50.

GCM Grosvenor Stock Performance

Shares of GCM Grosvenor stock traded down $0.07 on Tuesday, reaching $9.61. 127,712 shares of the stock were exchanged, compared to its average volume of 669,772. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 3.36. GCM Grosvenor has a twelve month low of $9.30 and a twelve month high of $13.22. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 25.96 and a beta of 0.88. The business has a 50 day moving average price of $10.82 and a two-hundred day moving average price of $11.29.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.07. The firm had revenue of $177.10 million during the quarter, compared to the consensus estimate of $160.20 million. GCM Grosvenor had a return on equity of 2,505.59% and a net margin of 8.14%. Analysts anticipate that GCM Grosvenor will post 0.64 earnings per share for the current fiscal year.

Institutional Trading of GCM Grosvenor

A number of institutional investors and hedge funds have recently made changes to their positions in GCMG. Royal Bank of Canada increased its position in shares of GCM Grosvenor by 942.2% in the first quarter. Royal Bank of Canada now owns 79,085 shares of the company's stock valued at $1,046,000 after buying an additional 71,497 shares in the last quarter. AQR Capital Management LLC increased its position in shares of GCM Grosvenor by 81.6% in the first quarter. AQR Capital Management LLC now owns 29,403 shares of the company's stock valued at $389,000 after buying an additional 13,214 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of GCM Grosvenor by 5.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,654 shares of the company's stock valued at $339,000 after buying an additional 1,412 shares in the last quarter. Millennium Management LLC increased its position in shares of GCM Grosvenor by 88.9% in the first quarter. Millennium Management LLC now owns 577,977 shares of the company's stock valued at $7,647,000 after buying an additional 271,989 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of GCM Grosvenor by 200.5% in the second quarter. JPMorgan Chase & Co. now owns 285,477 shares of the company's stock valued at $3,300,000 after buying an additional 190,486 shares in the last quarter. 99.95% of the stock is currently owned by hedge funds and other institutional investors.

About GCM Grosvenor

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.

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