GCM Grosvenor, Inc. (GCMG)

NASDAQ: GCMG · IEX Real-Time Price · USD
8.79
-0.02 (-0.23%)
Dec 2, 2022 4:00 PM EST - Market closed
-0.23%
Market Cap 1.65B
Revenue (ttm) 537.30M
Net Income (ttm) 29.65M
Shares Out 43.52M
EPS (ttm) 0.41
PE Ratio 21.23
Forward PE 13.72
Dividend $0.41 (4.66%)
Ex-Dividend Date Nov 30, 2022
Volume 148,439
Open 8.8
Previous Close 8.81
Day's Range 8.71 - 8.91
52-Week Range 6.26 - 11.3
Beta 0.37
Analysts Buy
Price Target 9.38 (+6.7%)
Earnings Date Nov 9, 2022

About GCMG

Grosvenor Capital Management, L.P. 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 specialt... [Read more]

Industry Asset Management
Founded 1971
Employees 524
Stock Exchange NASDAQ
Ticker Symbol GCMG
Full Company Profile

Financial Performance

In 2021, GCM Grosvenor's revenue was $531.59 million, an increase of 23.63% compared to the previous year's $429.98 million. Earnings were $21.48 million, an increase of 430.55%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for GCMG stock is "Buy." The 12-month stock price forecast is 9.38, which is an increase of 6.71% from the latest price.

Price Target
$9.38
(6.71% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Caliche Development Partners II Announces its First Acquisitions Following $268 Million Capital Commitment from Orion...

— Caliche's Underground Storage Platform to Support Energy Security and Transition — — Partnership Closes First Acquisition of Golden Triangle Storage and Announces Proposed Acquisition of Central Valle...

Other symbols: SO
4 days ago - PRNewsWire

GCM Grosvenor Inc. (GCMG) Q3 Earnings and Revenues Top Estimates

GCM Grosvenor Inc. (GCMG) delivered earnings and revenue surprises of 27.27% and 31.97%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

GCM Grosvenor Reports Third Quarter 2022, With $2.9 Billion Raised in the Quarter and a 14% Increase in Private Marke...

CHICAGO, Nov. 09, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported results for the third quarter ended September 30...

3 weeks ago - GlobeNewsWire

Earnings Preview: GCM Grosvenor Inc. (GCMG) Q3 Earnings Expected to Decline

GCM Grosvenor Inc. (GCMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

GCM Grosvenor to Announce Third Quarter 2022 Financial Results and Host Investor Conference Call on November 9, 2022

CHICAGO, Oct. 26, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the third quarter ...

1 month ago - GlobeNewsWire

KKR Leads Investment in Arevia Power

NEW YORK--(BUSINESS WIRE)--KKR Leads Investment in Arevia Power

Other symbols: KKR
3 months ago - Business Wire

GCM Grosvenor Inc. (GCMG) Q2 Earnings and Revenues Miss Estimates

GCM Grosvenor Inc. (GCMG) delivered earnings and revenue surprises of -7.69% and 1.72%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

GCM Grosvenor Reports Strong Second Quarter 2022 Led by Private Markets Strategies. Private Markets Management Fees I...

CHICAGO, Aug. 09, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported strong results for the second quarter ended June...

3 months ago - GlobeNewsWire

GCM Grosvenor to Announce Second Quarter 2022 Financial Results and Host Investor Conference Call on August 9, 2022

CHICAGO, July 26, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the second quarter...

4 months ago - GlobeNewsWire

Newlight and Long Ridge Sign Agreement to Build Aircarbon Production Facility in Ohio

HUNTINGTON BEACH, Calif. , July 14, 2022 /PRNewswire/ -- Newlight Technologies, Inc. ("Newlight") and Long Ridge Energy Terminal ("Long Ridge"), which is jointly owned by a subsidiary of Fortress Transp...

Other symbols: FTAI
4 months ago - PRNewsWire

Matter Real Estate welcomes GCM Grosvenor funds as a new strategic investor as part of a £140m equity recapitalisatio...

LONDON, July 05, 2022 (GLOBE NEWSWIRE) -- Matter Real Estate (“Matter”), a real estate investment firm focused on value-add and opportunistic real estate across evolving sectors in Europe, is proud to a...

4 months ago - GlobeNewsWire

GCM Grosvenor and Blue Wolf Capital Acquire Hallcon Corporation

Acquisition will accelerate the growth of Hallcon's footprint through expansion into new North American markets and investment in electric vehicle charging infrastructure Acquisition will accelerate the...

4 months ago - GlobeNewsWire

GCM Grosvenor Issues 2021 Impact Report for its Labor Impact Fund, Highlighting $4 Billion of Projected Economic Impact

CHICAGO, June 29, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, today released the 2021 Labor and Economic Impact Report for its Labor ...

5 months ago - GlobeNewsWire

GCM Grosvenor to Present at the Morgan Stanley US Financials, Payments and CRE Conference on June 13, 2022

CHICAGO, May 31, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Jon Levin, President of GCM Grosvenor, will present...

6 months ago - GlobeNewsWire

GCM Grosvenor Inc. (GCMG) Q1 Earnings Surpass Estimates

GCM Grosvenor Inc. (GCMG) delivered earnings and revenue surprises of 38.46% and 13.34%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

GCM Grosvenor Reports First Quarter 2022 with 10% Growth in Assets Under Management, 86% Growth in GAAP Net Income an...

CHICAGO, May 10, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported strong results for the first quarter ended March ...

6 months ago - GlobeNewsWire

GCM Grosvenor Inc. (GCMG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

GCM Grosvenor Inc. (GCMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

7 months ago - Zacks Investment Research

GCM Grosvenor to Announce First Quarter 2022 Financial Results and Host Investor Conference Call on May 10, 2022

CHICAGO, April 26, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the first quarter...

7 months ago - GlobeNewsWire

GCM Grosvenor to Present at the 2022 RBC Capital Markets Global Financial Institutions Conference on March 8, 2022

CHICAGO, March 01, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Jon Levin, President of GCM Grosvenor, will prese...

9 months ago - GlobeNewsWire

GCM Grosvenor Reports Strong Fourth Quarter and Full Year 2021 with $9.4 billion of Capital Raised, 16% Growth in Ass...

CHICAGO, Feb. 15, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported strong results for the fourth fiscal quarter and...

9 months ago - GlobeNewsWire

GCM Grosvenor Raised $1.5 Billion for Diverse Manager Investment Mandates in 2021, Increasing its Diverse Manager AUM...

CHICAGO, Feb. 11, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it raised $1.5 billion for diverse manager investm...

9 months ago - GlobeNewsWire

GCM Grosvenor to Present at Credit Suisse 23rd Annual Financial Services Forum on February 17, 2022

CHICAGO, Feb. 04, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Michael Sacks, Chairman and Chief Executive Office...

9 months ago - GlobeNewsWire

GCM Grosvenor to Announce Fourth Quarter and Full Year 2021 Financial Results and Host Investor Conference Call on Fe...

CHICAGO, Feb. 01, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the fourth quarter...

10 months ago - GlobeNewsWire

GCM Grosvenor Makes Majority Investment in ReSource Waste Services

CHICAGO, Nov. 30, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (NASDAQ: GCMG), a leading global alternative asset management solutions provider, announced today that it has entered into an agreement with ReEn...

1 year ago - GlobeNewsWire

GCM Grosvenor Reports Strong Third Quarter 2021, With $3 Billion of Fundraising and 20% Year-Over-Year Growth in Asse...

CHICAGO, Nov. 10, 2021 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported strong results for the third fiscal quarter ende...

1 year ago - GlobeNewsWire