William Blair Expects Stronger Earnings for GCM Grosvenor

GCM Grosvenor Inc. (NASDAQ:GCMG) – Equities research analysts at William Blair lifted their FY2024 earnings per share estimates for GCM Grosvenor in a research note issued to investors on Monday, January 13th. William Blair analyst A. Klauber now forecasts that the company will post earnings of $0.50 per share for the year, up from their previous estimate of $0.49. The consensus estimate for GCM Grosvenor’s current full-year earnings is $0.50 per share. William Blair also issued estimates for GCM Grosvenor’s Q4 2024 earnings at $0.18 EPS.

Other equities research analysts have also issued reports about the company. UBS Group lifted their price target on GCM Grosvenor from $9.50 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Oppenheimer lifted their price target on GCM Grosvenor from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Piper Sandler upgraded GCM Grosvenor from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $12.50 to $14.00 in a research report on Monday, December 23rd. Finally, TD Cowen lowered GCM Grosvenor from a “buy” rating to a “hold” rating and dropped their price target for the company from $13.50 to $12.50 in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, GCM Grosvenor has an average rating of “Hold” and an average price target of $13.70.

GCM Grosvenor Stock Performance

GCMG opened at $12.98 on Thursday. GCM Grosvenor has a 52-week low of $8.05 and a 52-week high of $13.05. The stock has a market capitalization of $2.45 billion, a PE ratio of -216.33 and a beta of 0.56. The stock’s 50 day moving average price is $12.29 and its 200-day moving average price is $11.42.

Institutional Investors Weigh In On GCM Grosvenor

Hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC boosted its holdings in GCM Grosvenor by 169.7% in the second quarter. Millennium Management LLC now owns 418,066 shares of the company’s stock worth $4,080,000 after acquiring an additional 263,064 shares in the last quarter. Barclays PLC boosted its holdings in GCM Grosvenor by 56.9% in the third quarter. Barclays PLC now owns 113,823 shares of the company’s stock worth $1,288,000 after acquiring an additional 41,259 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in GCM Grosvenor by 3.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,485,933 shares of the company’s stock worth $28,141,000 after acquiring an additional 87,010 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in GCM Grosvenor by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 120,317 shares of the company’s stock worth $1,362,000 after acquiring an additional 3,047 shares in the last quarter. Finally, Ariel Investments LLC boosted its holdings in GCM Grosvenor by 1.5% in the second quarter. Ariel Investments LLC now owns 4,546,096 shares of the company’s stock worth $44,370,000 after acquiring an additional 66,016 shares in the last quarter. 99.95% of the stock is owned by institutional investors.

GCM Grosvenor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.39%. The ex-dividend date was Monday, December 2nd. GCM Grosvenor’s dividend payout ratio (DPR) is -733.33%.

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.