GCM Grosvenor Inc. (NASDAQ:GCMG) Receives $15.00 Consensus Target Price from Analysts

Shares of GCM Grosvenor Inc. (NASDAQ:GCMG) have been given an average recommendation of “Moderate Buy” by the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.00.

GCMG has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised 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. Oppenheimer dropped 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. Weiss Ratings raised GCM Grosvenor from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. TD Cowen increased their price objective on GCM Grosvenor from $13.50 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen lowered GCM Grosvenor from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd.

Institutional Trading of GCM Grosvenor

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in GCM Grosvenor by 17.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 823,520 shares of the company’s stock valued at $8,070,000 after buying an additional 122,110 shares during the period. North Star Investment Management Corp. boosted its stake in shares of GCM Grosvenor by 41.3% during the 1st quarter. North Star Investment Management Corp. now owns 297,518 shares of the company’s stock valued at $2,916,000 after buying an additional 87,000 shares during the period. Jennison Associates LLC acquired a new stake in shares of GCM Grosvenor during the 4th quarter valued at $964,000. Globeflex Capital L P purchased a new position in shares of GCM Grosvenor during the 1st quarter valued at $1,198,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of GCM Grosvenor by 18.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 280,406 shares of the company’s stock valued at $2,748,000 after acquiring an additional 44,316 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

GCM Grosvenor Stock Down 1.2%

Shares of NASDAQ:GCMG opened at $13.70 on Tuesday. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.89 and a current ratio of 1.89. The company has a market cap of $2.78 billion, a PE ratio of 26.35 and a beta of 0.84. GCM Grosvenor has a 52 week low of $9.30 and a 52 week high of $14.87. The firm has a 50 day simple moving average of $12.75 and a 200 day simple moving average of $11.46.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.19 EPS for the quarter, topping 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, research analysts expect that GCM Grosvenor will post 0.67 earnings per share for the current year.

GCM Grosvenor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. GCM Grosvenor’s dividend payout ratio is 92.31%.

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.