GCM Grosvenor (NASDAQ:GCMG) Given New $15.00 Price Target at Piper Sandler

GCM Grosvenor (NASDAQ:GCMG) had its price objective boosted by equities research analysts at Piper Sandler from $14.50 to $15.00 in a research report issued to clients and investors on Friday, MarketBeat reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 15.12% from the stock’s previous close.

Separately, Oppenheimer increased their price target on GCM Grosvenor from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Monday, July 14th.

GCM Grosvenor Stock Performance

Shares of NASDAQ GCMG opened at $13.03 on Friday. The stock has a 50 day moving average price of $11.91 and a 200 day moving average price of $12.64. GCM Grosvenor has a 52 week low of $10.04 and a 52 week high of $14.48. The stock has a market capitalization of $2.53 billion, a PE ratio of 86.87 and a beta of 0.72.

Institutional Trading of GCM Grosvenor

Several institutional investors and hedge funds have recently bought and sold shares of GCMG. Legal & General Group Plc raised its stake in GCM Grosvenor by 96.8% in the second quarter. Legal & General Group Plc now owns 8,638 shares of the company’s stock valued at $100,000 after buying an additional 4,249 shares during the period. ProShare Advisors LLC bought a new stake in GCM Grosvenor in the fourth quarter valued at approximately $147,000. R Squared Ltd raised its stake in GCM Grosvenor by 161.4% in the first quarter. R Squared Ltd now owns 12,206 shares of the company’s stock valued at $161,000 after buying an additional 7,536 shares during the period. Argent Trust Co bought a new position in GCM Grosvenor in the 1st quarter valued at about $172,000. Finally, Jefferies Financial Group Inc. bought a new position in GCM Grosvenor in the 2nd quarter valued at about $173,000. Institutional investors own 99.95% of the company’s stock.

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.