StepStone Group Inc. (NASDAQ:STEP – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $66.11.
A number of research firms recently weighed in on STEP. Royal Bank Of Canada initiated coverage on StepStone Group in a report on Wednesday, September 9th. They issued an “outperform” rating and a $65.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of StepStone Group in a research report on Friday, October 16th. Barclays upped their price target on StepStone Group from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. BMO Capital Markets decreased their price target on StepStone Group from $58.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, October 27th. Finally, Evercore restated an “outperform” rating and set a $56.00 price objective on shares of StepStone Group in a research report on Friday, August 7th.
Read Our Latest Stock Report on StepStone Group
StepStone Group Price Performance
NASDAQ:STEP opened at $43.22 on Monday. StepStone Group has a one year low of $38.85 and a one year high of $77.79. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $5.16 billion, a PE ratio of -5.60 and a beta of 1.28. The firm’s 50 day simple moving average is $46.09 and its 200 day simple moving average is $49.63.
StepStone Group (NASDAQ:STEP – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). The business had revenue of $300.60 million during the quarter, compared to analyst estimates of $309.32 million. StepStone Group had a negative net margin of 30.53% and a positive return on equity of 43.38%. On average, research analysts anticipate that StepStone Group will post 2.52 earnings per share for the current year.
StepStone Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.32 dividend on an annualized basis and a yield of 3.1%. This is a boost from StepStone Group’s previous quarterly dividend of $0.28. StepStone Group’s payout ratio is currently -17.10%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its holdings in StepStone Group by 10.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 18,495 shares of the company’s stock valued at $803,000 after buying an additional 1,700 shares during the period. Salomon & Ludwin LLC grew its holdings in StepStone Group by 797.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 592 shares of the company’s stock worth $26,000 after acquiring an additional 526 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in StepStone Group during the 3rd quarter worth about $89,000. Pinnacle Wealth Planning Services Inc. grew its holdings in StepStone Group by 224.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,255 shares of the company’s stock worth $54,000 after acquiring an additional 868 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in shares of StepStone Group by 179.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 14,386 shares of the company’s stock worth $624,000 after acquiring an additional 9,244 shares in the last quarter. Institutional investors and hedge funds own 55.54% of the company’s stock.
About StepStone Group
StepStone Group, Inc is a global investment firm focused on private markets. The company provides investment solutions and advisory services to institutional investors, family offices, and other clients seeking exposure to privately held and alternative assets.
Its activities include investments in private equity, venture capital, private debt, infrastructure, and real estate. StepStone builds customized portfolios through primary investments in funds, secondary-market transactions, and direct investments in companies and assets.
Featured Articles
- Five stocks we like better than StepStone Group
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
- Oracle’s AI Spending Peak Is in Sight—Can the Stock Recover?
Receive News & Ratings for StepStone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StepStone Group and related companies with MarketBeat.com's FREE daily email newsletter.
