California State Teachers Retirement System raised its holdings in StepStone Group Inc. (NASDAQ:STEP – Free Report) by 21.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 83,786 shares of the company’s stock after acquiring an additional 14,721 shares during the quarter. California State Teachers Retirement System’s holdings in StepStone Group were worth $3,998,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of STEP. Salomon & Ludwin LLC grew its stake in shares of StepStone Group by 105.0% in the fourth quarter. Salomon & Ludwin LLC now owns 414 shares of the company’s stock valued at $28,000 after buying an additional 212 shares in the last quarter. Quarry LP raised its position in StepStone Group by 155.7% during the third quarter. Quarry LP now owns 514 shares of the company’s stock worth $34,000 after acquiring an additional 313 shares in the last quarter. Fifth Third Bancorp lifted its stake in StepStone Group by 58.6% in the fourth quarter. Fifth Third Bancorp now owns 544 shares of the company’s stock valued at $35,000 after acquiring an additional 201 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of StepStone Group in the 2nd quarter valued at about $46,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of StepStone Group by 332.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,236 shares of the company’s stock worth $69,000 after purchasing an additional 950 shares during the last quarter. 55.54% of the stock is owned by institutional investors and hedge funds.
StepStone Group Stock Down 7.8%
Shares of STEP stock opened at $46.41 on Friday. StepStone Group Inc. has a 12-month low of $38.85 and a 12-month high of $77.79. The company has a market capitalization of $5.54 billion, a PE ratio of -6.01 and a beta of 1.27. The firm has a 50 day moving average price of $43.92 and a two-hundred day moving average price of $50.37.
StepStone Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, August 31st. This is a boost from StepStone Group’s previous quarterly dividend of $0.28. StepStone Group’s dividend payout ratio (DPR) is currently -16.47%.
Insider Activity at StepStone Group
In other StepStone Group news, COO Jose A. Fernandez sold 100,000 shares of StepStone Group stock in a transaction on Monday, June 1st. The stock was sold at an average price of $48.60, for a total value of $4,860,000.00. Following the completion of the transaction, the chief operating officer directly owned 102,290 shares of the company’s stock, valued at $4,971,294. The trade was a 49.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael I. Mccabe bought 120,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average price of $41.85 per share, with a total value of $5,022,000.00. Following the completion of the transaction, the insider owned 433,178 shares in the company, valued at approximately $18,128,499.30. This trade represents a 38.32% increase in their position. The disclosure for this purchase is available in the SEC filing. 15.70% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on STEP. Evercore reaffirmed an “outperform” rating and issued a $56.00 target price on shares of StepStone Group in a report on Friday. UBS Group reiterated a “buy” rating and set a $69.00 price target on shares of StepStone Group in a report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $58.00 price objective on shares of StepStone Group in a research report on Friday. Oppenheimer reduced their target price on StepStone Group from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Finally, Barclays boosted their target price on StepStone Group from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, StepStone Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.88.
View Our Latest Stock Analysis on StepStone Group
StepStone Group News Roundup
Here are the key news stories impacting StepStone Group this week:
- Positive Sentiment: StepStone increased its quarterly dividend by 17.9% to $0.33 per share, implying an annualized yield of approximately 2.8%. The dividend is payable September 15 to shareholders of record August 31. StepStone Group Reports First Quarter Fiscal Year 2027 Results
- Positive Sentiment: A separate earnings analysis highlighted sales growth that exceeded estimates for the reported period, providing a constructive sign for the firm’s operating momentum. StepStone Group sales report
- Neutral Sentiment: Management’s first-quarter fiscal 2027 earnings call provided additional commentary on results and business conditions, but the available report does not specify new guidance or major strategic changes. StepStone Group Q1 2027 Earnings Call Transcript
- Negative Sentiment: StepStone reported quarterly EPS of $0.48, below consensus estimates of roughly $0.50–$0.51, although earnings improved from $0.40 a year earlier. Revenue of $300.6 million also fell short of the approximately $309.3 million consensus estimate. The dual miss likely drove the negative reaction. StepStone Group misses Q1 earnings and revenue estimates
About StepStone Group
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.
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