GCM Grosvenor (NASDAQ:GCMG) Price Target Raised to $15.00

Key Points

• Analysts at Piper Sandler have raised their target price for GCM Grosvenor (NASDAQ:GCMG) from $14.50 to $15.00, indicating a potential upside of 25% from its current price.
• Oppenheimer also increased its price objective for GCM Grosvenor from $18.00 to $19.00, with a rating of "outperform," suggesting positive sentiment among analysts.
• The stock opened at $12.00 and has a market capitalization of $2.33 billion, with 99.95% of the shares owned by institutional investors and hedge funds.

GCM Grosvenor (NASDAQ:GCMG - Get Free Report) had its price objective boosted by analysts at Piper Sandler from $14.50 to $15.00 in a research note issued to investors on Friday, August 8th, Marketbeat Ratings reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's price objective indicates a potential upside of 16.37% from the company's current price.

Separately, Oppenheimer boosted their target price on shares of GCM Grosvenor from $18.00 to $19.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th.

GCM Grosvenor Price Performance

NASDAQ:GCMG opened at $12.89 on Friday. The firm has a 50-day moving average of $11.94 and a 200-day moving average of $12.62. The company has a market cap of $2.50 billion, a PE ratio of 85.93 and a beta of 0.72. GCM Grosvenor has a one year low of $10.04 and a one year high of $14.48.

Insider Transactions at GCM Grosvenor

In other GCM Grosvenor news, insider Kathleen Patricia Sullivan sold 6,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $13.02, for a total value of $78,120.00. Following the completion of the sale, the insider directly owned 60,195 shares of the company's stock, valued at approximately $783,738.90. This represents a 9.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 76.40% of the company's stock.

Institutional Investors Weigh In On GCM Grosvenor

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in GCM Grosvenor by 308.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,776 shares of the company's stock worth $67,000 after purchasing an additional 4,362 shares in the last quarter. Legal & General Group Plc grew its position in shares of GCM Grosvenor by 96.8% during the 2nd quarter. Legal & General Group Plc now owns 8,638 shares of the company's stock valued at $100,000 after acquiring an additional 4,249 shares during the period. ProShare Advisors LLC bought a new position in shares of GCM Grosvenor during the 4th quarter valued at approximately $147,000. R Squared Ltd grew its position in shares of GCM Grosvenor by 161.4% during the 1st quarter. R Squared Ltd now owns 12,206 shares of the company's stock valued at $161,000 after acquiring an additional 7,536 shares during the period. Finally, Argent Trust Co bought a new position in shares of GCM Grosvenor during the 1st quarter valued at approximately $172,000. 99.95% of the stock is owned by institutional investors.

About GCM Grosvenor

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.