GCM Grosvenor (NASDAQ:GCMG) Upgraded at Piper Sandler

GCM Grosvenor (NASDAQ:GCMG) was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a research report issued on Monday, MarketBeat Ratings reports. The firm currently has a $14.00 price objective on the stock, up from their prior price objective of $12.50. Piper Sandler’s price target indicates a potential upside of 19.15% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. UBS Group boosted their price target on shares of GCM Grosvenor from $9.50 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. TD Cowen lowered GCM Grosvenor from a “buy” rating to a “hold” rating and dropped their price target for the stock from $13.50 to $12.50 in a research note on Monday, November 11th. Finally, Oppenheimer raised their price objective on GCM Grosvenor from $18.00 to $20.00 and gave the company an “outperform” rating in a 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.70.

GCM Grosvenor Trading Down 1.0 %

Shares of GCMG opened at $11.75 on Monday. GCM Grosvenor has a 12-month low of $8.05 and a 12-month high of $12.58. The company has a market cap of $2.22 billion, a PE ratio of -195.83 and a beta of 0.56. The stock has a 50-day moving average price of $11.95 and a 200-day moving average price of $11.07.

Institutional Investors Weigh In On GCM Grosvenor

Large investors have recently added to or reduced their stakes in the company. Copeland Capital Management LLC purchased a new position in GCM Grosvenor during the 3rd quarter valued at about $58,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of GCM Grosvenor during the second quarter valued at approximately $157,000. SG Americas Securities LLC bought a new position in shares of GCM Grosvenor during the third quarter valued at approximately $191,000. Quest Partners LLC purchased a new stake in GCM Grosvenor in the third quarter worth $424,000. Finally, PDT Partners LLC bought a new stake in GCM Grosvenor in the third quarter valued at $449,000. 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.