GCM Grosvenor Inc (GCMG)

NASDAQ: GCMG · IEX Real-Time Price · USD
9.90
+0.20 (2.06%)
Jul 2, 2024, 4:00 PM EDT - Market closed
2.06%
Market Cap 1.87B
Revenue (ttm) 454.75M
Net Income (ttm) 16.13M
Shares Out 188.46M
EPS (ttm) -0.32
PE Ratio n/a
Forward PE 13.18
Dividend $0.44 (4.44%)
Ex-Dividend Date Jun 3, 2024
Volume 53,370
Open 9.74
Previous Close 9.70
Day's Range 9.70 - 9.90
52-Week Range 7.25 - 10.20
Beta 0.54
Analysts Buy
Price Target 10.70 (+8.08%)
Earnings Date Aug 7, 2024

About GCMG

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. The firm invests in equity and alternative investment markets of the United States and internationally. The firm invests in multi-strategy, credit-focused, equity-focused, macro-focused, commodity-focused, and other specialty portfolios. It... [Read more]

Sector Financials
Founded 1971
Employees 538
Stock Exchange NASDAQ
Ticker Symbol GCMG
Full Company Profile

Financial Performance

In 2023, GCM Grosvenor's revenue was $445.00 million, a decrease of -0.34% compared to the previous year's $446.53 million. Earnings were $12.77 million, a decrease of -35.55%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for GCMG stock is "Buy." The 12-month stock price forecast is $10.7, which is an increase of 8.08% from the latest price.

Price Target
$10.7
(8.08% upside)
Analyst Consensus: Buy
Stock Forecasts

News

OlivePoint Welcomes GCM Grosvenor as a New Strategic Investor

LOS ANGELES--(BUSINESS WIRE)--OlivePoint, a private real estate investor, today announced that GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider with $79 billion o...

6 days ago - Business Wire

GCM Grosvenor to Present at the Morgan Stanley U.S. Financials and Payments Conference on June 12, 2024

CHICAGO, May 29, 2024 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Jon Levin, President of GCM Grosvenor, will prese...

4 weeks ago - GlobeNewsWire

GCM Grosvenor to Present at the TD Financial Services & Fintech Summit on June 7, 2024

CHICAGO, May 24, 2024 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Michael Sacks, Chairman and Chief Executive Offic...

5 weeks ago - GlobeNewsWire

GCM Grosvenor to Present at the William Blair 44th Annual Growth Stock Conference on June 5, 2024

CHICAGO, May 22, 2024 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Michael Sacks, Chairman and Chief Executive Offic...

5 weeks ago - GlobeNewsWire

Invidia Capital Management Announces Healthcare Investment Firm Launch with Strategic Investment from GCM Grosvenor

Jo Natauri, Former Goldman Sachs Partner and Global Head of Private Healthcare Investing, Launches New Firm with Support of Preeminent Healthcare Executives Jo Natauri, Former Goldman Sachs Partner an...

6 weeks ago - GlobeNewsWire

GCM Grosvenor Reports First Quarter 2024 Earnings Results

CHICAGO, May 07, 2024 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG) today reported its results for the first quarter 2024, which have been posted to the Public Shareholders section of GCM Grosvenor...

2 months ago - GlobeNewsWire

GCM Grosvenor to Announce First Quarter 2024 Financial Results and Host Investor Conference Call on May 7, 2024

CHICAGO, April 23, 2024 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the first quart...

2 months ago - GlobeNewsWire

GCM Grosvenor to Present at the UBS Financial Services Conference on February 28, 2024

CHICAGO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Pamela Bentley, Chief Financial Officer of GCM G...

4 months ago - GlobeNewsWire

GCM Grosvenor Reports Fourth Quarter and Full Year 2023 Earnings Results

CHICAGO, Feb. 13, 2024 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG) today reported its results for the fourth quarter and full year 2023, which have been posted to the Public Shareholders section ...

5 months ago - GlobeNewsWire

GCM Grosvenor to Present at the Bank of America Securities Financial Services Conference 2024 on February 20, 2024

CHICAGO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Michael Sacks, Chairman and Chief Executive Offi...

5 months ago - GlobeNewsWire

GCM Grosvenor to Announce Fourth Quarter and Full Year 2023 Financial Results and Host Investor Conference Call on February 13, 2024

CHICAGO, Jan. 30, 2024 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the fourth quart...

5 months ago - GlobeNewsWire

KBW Announces Index Rebalancing for Fourth-Quarter 2023

NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...

7 months ago - GlobeNewsWire

Stablewood and GCM Grosvenor Form Joint Venture to fund Single Tenant Net Lease Retail Developments Across the U.S.

Providing construction financing and forward purchase options to experienced developers for well-located, shovel-ready, single-tenant-net-lease retail projects nationwide Providing construction financ...

7 months ago - GlobeNewsWire

GCM Grosvenor Reports Third Quarter 2023 Earnings Results

CHICAGO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG) today reported its results for the third quarter 2023, which have been posted to the Public Shareholders section of GCM Grosveno...

8 months ago - GlobeNewsWire

GCM Grosvenor Customized Infrastructure Strategies III Fund Holds Final Close as Firm Continues to See Strong Demand for Infrastructure Investments

CHICAGO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today announced that GCM Grosvenor Customized Infrastructure ...

8 months ago - GlobeNewsWire

Excolere Equity Partners Announces Firm's Launch and Strategic Investment from GCM Grosvenor

LOS ANGELES and CHICAGO, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Excolere Equity Partners (“Excolere”), a leading buyout investor in the education and human capital management sectors, today announced a str...

8 months ago - GlobeNewsWire

GCM Grosvenor to Announce Third Quarter 2023 Financial Results and Host Investor Conference Call on November 8, 2023

CHICAGO, Oct. 25, 2023 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the third quarte...

8 months ago - GlobeNewsWire

GCM Grosvenor to Join Vesper Energy as New Strategic Partner

IRVING, Texas , Sept. 13, 2023 /PRNewswire/ -- Vesper Energy, a developer, owner, and operator of utility-scale renewable energy assets, announced today that GCM Grosvenor (NASDAQ: GCMG) has committed...

10 months ago - PRNewsWire

GCM Grosvenor Reports Second Quarter 2023 with Private Markets Fee-Paying AUM Increasing 12% From Q2 2022 and $1.5 billion of Fundraising; Firm Increases Share Repurchase Plan to $115 million

CHICAGO, Aug. 09, 2023 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported results for the second quarter ended June 30, ...

11 months ago - GlobeNewsWire

GCM Grosvenor to Announce Second Quarter 2023 Financial Results and Host Investor Conference Call on August 9, 2023

CHICAGO, July 26, 2023 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the second quart...

1 year ago - GlobeNewsWire

GCM Grosvenor to Present at the Morgan Stanley US Financials, Payments and CRE Conference on June 14, 2023

CHICAGO, May 31, 2023 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Jon Levin, President of GCM Grosvenor, will prese...

1 year ago - GlobeNewsWire

GCM Grosvenor to Present at William Blair's 43rd Annual Growth Stock Conference on June 7, 2023

CHICAGO, May 25, 2023 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Michael Sacks, Chairman and Chief Executive Offic...

1 year ago - GlobeNewsWire

GCM Grosvenor Reports First Quarter 2023 with AUM Increasing 5% and Private Markets Fee-Paying AUM Increasing 12% From First Quarter 2022

CHICAGO, May 10, 2023 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported results for the first quarter ended March 31, 2...

1 year ago - GlobeNewsWire

GCM Grosvenor Appointed Infrastructure Investments Partner by Wales Pension Partnership

CHICAGO, April 28, 2023 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it was appointed by the Wales Pension Partnersh...

1 year ago - GlobeNewsWire

GCM Grosvenor to Announce First Quarter 2023 Financial Results and Host Investor Conference Call on May 10, 2023

CHICAGO, April 26, 2023 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the first quart...

1 year ago - GlobeNewsWire