GCM Grosvenor (NASDAQ:GCMG) Given New $14.50 Price Target at Piper Sandler

GCM Grosvenor (NASDAQ:GCMG) had its price objective lowered by Piper Sandler from $16.00 to $14.50 in a report published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts also recently commented on the stock. UBS Group boosted their price objective on shares of GCM Grosvenor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Oppenheimer upped their price objective on GCM Grosvenor from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, GCM Grosvenor has a consensus rating of “Hold” and an average target price of $14.20.

GCM Grosvenor Price Performance

Shares of NASDAQ GCMG opened at $12.11 on Tuesday. The stock has a market capitalization of $2.29 billion, a PE ratio of 403.67 and a beta of 0.65. GCM Grosvenor has a fifty-two week low of $9.14 and a fifty-two week high of $15.00. The business has a fifty day moving average price of $13.40 and a two-hundred day moving average price of $12.56.

GCM Grosvenor (NASDAQ:GCMG) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). GCM Grosvenor had a negative return on equity of 101.23% and a net margin of 3.64%. On average, equities analysts expect that GCM Grosvenor will post 0.64 EPS for the current year.

GCM Grosvenor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.63%. GCM Grosvenor’s payout ratio is presently 1,466.67%.

Institutional Investors Weigh In On GCM Grosvenor

Several hedge funds have recently modified their holdings of GCMG. Rhumbline Advisers raised its position in GCM Grosvenor by 5.0% in the first quarter. Rhumbline Advisers now owns 61,392 shares of the company’s stock valued at $812,000 after purchasing an additional 2,930 shares during the last quarter. GAMMA Investing LLC boosted its position in GCM Grosvenor by 1,455.8% during the 1st quarter. GAMMA Investing LLC now owns 22,637 shares of the company’s stock worth $299,000 after buying an additional 21,182 shares during the period. Mackenzie Financial Corp acquired a new stake in GCM Grosvenor during the 4th quarter worth approximately $568,000. Squarepoint Ops LLC increased its position in GCM Grosvenor by 141.5% in the 4th quarter. Squarepoint Ops LLC now owns 79,652 shares of the company’s stock valued at $977,000 after acquiring an additional 46,664 shares during the period. Finally, Two Sigma Advisers LP raised its stake in shares of GCM Grosvenor by 893.7% during the fourth quarter. Two Sigma Advisers LP now owns 251,400 shares of the company’s stock valued at $3,085,000 after acquiring an additional 226,100 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.

GCM Grosvenor Company Profile

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.