GCM Grosvenor Inc. (NASDAQ:GCMG) Stock Has Consensus Target Price of $14.62 According to Brokerages

Shares of GCM Grosvenor Inc. (NASDAQ:GCMG) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $14.62.

Several analysts have recently weighed in on GCMG shares. Weiss Ratings raised GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Wall Street Zen downgraded GCM Grosvenor from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. JPMorgan Chase & Co. lifted their price target on GCM Grosvenor from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Oppenheimer cut their price target on GCM Grosvenor from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Finally, Piper Sandler reduced their price objective on GCM Grosvenor from $16.00 to $14.50 and set an “overweight” rating for the company in a research note on Monday, October 19th.

Insider Buying and Selling at GCM Grosvenor

In related news, CFO Pamela Bentley sold 10,000 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $12.68, for a total transaction of $126,800.00. Following the completion of the sale, the chief financial officer owned 14,397 shares in the company, valued at $182,553.96. This represents a 40.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kathleen Sullivan sold 15,037 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 44,795 shares in the company, valued at $589,502.20. The trade was a 25.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 90,000 shares of company stock valued at $1,155,350. 70.70% of the stock is owned by insiders.

Institutional Investors Weigh In On GCM Grosvenor

Several hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC raised its stake in GCM Grosvenor by 525.8% during the 3rd quarter. Sterling Capital Management LLC now owns 1,965 shares of the company’s stock valued at $25,000 after acquiring an additional 1,651 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of GCM Grosvenor in the 3rd quarter valued at approximately $30,000. Integrated Wealth Concepts LLC purchased a new position in shares of GCM Grosvenor in the 2nd quarter valued at approximately $35,000. Levin Capital Strategies L.P. purchased a new position in shares of GCM Grosvenor in the 1st quarter valued at approximately $98,000. Finally, Entropy Technologies LP acquired a new position in shares of GCM Grosvenor in the first quarter valued at approximately $127,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

GCM Grosvenor Price Performance

Shares of GCMG opened at $12.37 on Friday. GCM Grosvenor has a 1-year low of $9.30 and a 1-year high of $14.87. The stock has a market cap of $2.51 billion, a PE ratio of 23.79 and a beta of 0.87. 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 firm has a fifty day moving average price of $13.08 and a 200 day moving average price of $12.22.

GCM Grosvenor (NASDAQ:GCMG) last released its quarterly earnings data on Monday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. GCM Grosvenor had a net margin of 7.79% and a return on equity of 142.74%. The company had revenue of $134.34 million during the quarter, compared to the consensus estimate of $131.21 million. As a group, sell-side analysts anticipate that GCM Grosvenor will post 0.69 EPS for the current year.

GCM Grosvenor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 1st. GCM Grosvenor’s payout ratio is presently 92.31%.

GCM Grosvenor Company Profile

GCM Grosvenor is a global alternative asset management firm that provides investment solutions across private equity, infrastructure, real estate, absolute return strategies and secondary investments. The firm offers both multi-manager and direct investment programs designed to provide institutions and other qualified investors with access to alternative assets.

The company serves a diverse client base that includes public and corporate pension plans, endowments, foundations, sovereign wealth funds, family offices, financial intermediaries and other institutional investors.