Piper Sandler Reiterates $15.00 Price Target for GCM Grosvenor (NASDAQ:GCMG)

GCM Grosvenor (NASDAQ:GCMG) has been given a $15.00 target price by investment analysts at Piper Sandler in a research report issued on Friday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 15.92% from the company’s current price.

Separately, Oppenheimer lifted their target price on GCM Grosvenor from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.10.

GCM Grosvenor Price Performance

Shares of GCMG stock traded up $0.03 during trading hours on Friday, reaching $12.94. 50,124 shares of the company traded hands, compared to its average volume of 462,160. GCM Grosvenor has a 12-month low of $10.04 and a 12-month high of $14.48. The company has a market cap of $2.51 billion, a P/E ratio of 86.37 and a beta of 0.72. The firm has a 50-day moving average price of $11.90 and a 200 day moving average price of $12.63.

Hedge Funds Weigh In On GCM Grosvenor

Several large investors have recently modified their holdings of GCMG. Dynamic Technology Lab Private Ltd purchased a new position in GCM Grosvenor during the 2nd quarter valued at $428,000. SG Americas Securities LLC boosted its holdings in GCM Grosvenor by 274.2% during the 2nd quarter. SG Americas Securities LLC now owns 150,098 shares of the company’s stock valued at $1,735,000 after acquiring an additional 109,991 shares during the period. Geode Capital Management LLC boosted its holdings in GCM Grosvenor by 4.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,092,278 shares of the company’s stock valued at $12,629,000 after acquiring an additional 48,693 shares during the period. Corton Capital Inc. lifted its holdings in shares of GCM Grosvenor by 48.1% in the 2nd quarter. Corton Capital Inc. now owns 23,933 shares of the company’s stock worth $277,000 after buying an additional 7,774 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of GCM Grosvenor in the 2nd quarter worth $1,202,000. Institutional investors 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.