Millennium Management LLC Has $285.95 Million Stock Position in StepStone Group Inc. $STEP

Posted by Stanley Muller on Jun 18th, 2026

Millennium Management LLC raised its position in StepStone Group Inc. (NASDAQ:STEP – Free Report) by 14.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,456,150 shares of the company’s stock after acquiring an additional 561,176 shares during the period. Millennium Management LLC’s holdings in StepStone Group were worth $285,951,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in STEP. Wellington Management Group LLP raised its holdings in StepStone Group by 65.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,723,073 shares of the company’s stock valued at $373,774,000 after acquiring an additional 2,257,880 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in StepStone Group in the 3rd quarter valued at approximately $50,859,000. Vanguard Group Inc. raised its holdings in StepStone Group by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 8,449,878 shares of the company’s stock valued at $542,229,000 after acquiring an additional 728,410 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in StepStone Group by 16.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,102,666 shares of the company’s stock valued at $327,439,000 after acquiring an additional 724,201 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in StepStone Group by 320.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 749,841 shares of the company’s stock valued at $48,972,000 after acquiring an additional 571,643 shares in the last quarter. Institutional investors and hedge funds own 55.54% of the company’s stock.

Analyst Ratings Changes

STEP has been the subject of a number of recent research reports. Oppenheimer dropped their target price on StepStone Group from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Evercore reissued an “outperform” rating and issued a $60.00 target price on shares of StepStone Group in a report on Thursday, May 21st. BMO Capital Markets increased their target price on StepStone Group from $54.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. UBS Group initiated coverage on StepStone Group in a report on Thursday, April 2nd. They issued a “buy” rating and a $60.00 target price for the company. Finally, Barclays increased their target price on StepStone Group from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $71.88.

View Our Latest Research Report on StepStone Group

StepStone Group Price Performance

STEP stock opened at $45.87 on Thursday. The business has a fifty day moving average price of $50.76 and a 200 day moving average price of $56.23. StepStone Group Inc. has a fifty-two week low of $40.58 and a fifty-two week high of $77.79. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of -6.75 and a beta of 1.29.

StepStone Group (NASDAQ:STEP – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. StepStone Group had a positive return on equity of 37.69% and a negative net margin of 26.88%.The firm had revenue of $305.84 million during the quarter, compared to analysts’ expectations of $292.11 million. During the same period last year, the firm posted $0.68 EPS. The business’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts expect that StepStone Group Inc. will post 2.57 earnings per share for the current fiscal year.

StepStone Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th. StepStone Group’s dividend payout ratio (DPR) is currently -16.47%.

StepStone Group declared that its Board of Directors has approved a share buyback plan on Monday, March 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other StepStone Group news, insider Michael I. Mccabe purchased 120,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $41.85 per share, with a total value of $5,022,000.00. Following the acquisition, the insider directly owned 433,178 shares of the company’s stock, valued at approximately $18,128,499.30. This trade represents a 38.32% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, COO Jose A. Fernandez sold 2,290 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.64, for a total value of $97,645.60. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 16.47% of the company’s stock.

StepStone Group Profile

(Free Report)

StepStone Group is a global private markets investment firm that provides specialized investment solutions across private equity, private credit and real assets. The firm offers customized portfolios, secondary interests, direct co-investments and tailored advisory services to institutional investors worldwide. StepStone’s integrated research and data analytics platform supports its investment teams in sourcing opportunities and monitoring portfolio companies.

Founded in 2007 as an independent private markets specialist, the company has grown its presence through both organic expansion and strategic partnerships.