GCM Grosvenor (NASDAQ:GCMG) Rating Lowered to “Hold” at TD Cowen

GCM Grosvenor (NASDAQ:GCMG) was downgraded by stock analysts at TD Cowen from a “buy” rating to a “hold” rating in a note issued to investors on Monday, MarketBeat Ratings reports. They presently have a $12.50 target price on the stock, down from their previous target price of $13.50. TD Cowen’s price objective would indicate a potential upside of 5.40% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Oppenheimer increased their price target on GCM Grosvenor from $14.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their target price on GCM Grosvenor from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. UBS Group boosted their price target on GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Piper Sandler upped their price objective on shares of GCM Grosvenor from $10.50 to $11.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.80.

GCM Grosvenor Stock Up 3.3 %

Shares of NASDAQ:GCMG opened at $11.86 on Monday. GCM Grosvenor has a 12-month low of $7.75 and a 12-month high of $12.43. The company’s 50 day moving average price is $11.36 and its two-hundred day moving average price is $10.59. The firm has a market cap of $2.24 billion, a PE ratio of -197.67 and a beta of 0.54.

Insider Activity

In related news, insider Kathleen Patricia Sullivan sold 5,000 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $10.73, for a total transaction of $53,650.00. Following the completion of the sale, the insider now directly owns 47,307 shares in the company, valued at $507,604.11. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 77.30% of the company’s stock.

Hedge Funds Weigh In On GCM Grosvenor

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its position in GCM Grosvenor by 23.7% in the first quarter. Russell Investments Group Ltd. now owns 681,202 shares of the company’s stock valued at $6,580,000 after buying an additional 130,547 shares in the last quarter. Millennium Management LLC lifted its stake in shares of GCM Grosvenor by 169.7% in the 2nd quarter. Millennium Management LLC now owns 418,066 shares of the company’s stock valued at $4,080,000 after acquiring an additional 263,064 shares during the last quarter. Ariel Investments LLC boosted its holdings in shares of GCM Grosvenor by 1.5% during the 2nd quarter. Ariel Investments LLC now owns 4,546,096 shares of the company’s stock valued at $44,370,000 after acquiring an additional 66,016 shares in the last quarter. Blair William & Co. IL grew its position in GCM Grosvenor by 35.6% during the 1st quarter. Blair William & Co. IL now owns 164,442 shares of the company’s stock worth $1,589,000 after acquiring an additional 43,207 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in GCM Grosvenor by 374.3% in the 2nd quarter. Squarepoint Ops LLC now owns 91,437 shares of the company’s stock worth $892,000 after purchasing an additional 72,160 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors and hedge funds.

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.