Shares of StepStone Group Inc. (NASDAQ:STEP – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $71.25.
A number of research analysts have issued reports on STEP shares. UBS Group upped their target price on shares of StepStone Group from $63.00 to $69.00 and gave the company a “buy” rating in a report on Friday, August 7th. Barclays lifted their target price on StepStone Group from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Evercore restated an “outperform” rating and set a $56.00 price target on shares of StepStone Group in a research note on Friday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of StepStone Group in a research note on Monday, July 20th. Finally, Oppenheimer decreased their target price on StepStone Group from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Thursday, August 27th.
View Our Latest Stock Analysis on STEP
Insider Transactions at StepStone Group
Institutional Investors Weigh In On StepStone Group
A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in StepStone Group by 72.6% in the 1st quarter. Royal Bank of Canada now owns 9,135 shares of the company’s stock worth $477,000 after buying an additional 3,843 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of StepStone Group by 6.5% in the first quarter. AQR Capital Management LLC now owns 14,904 shares of the company’s stock worth $778,000 after acquiring an additional 908 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in StepStone Group by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,602 shares of the company’s stock valued at $2,068,000 after purchasing an additional 2,238 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in StepStone Group by 21.6% in the first quarter. Goldman Sachs Group Inc. now owns 357,281 shares of the company’s stock valued at $18,661,000 after purchasing an additional 63,519 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in StepStone Group during the 1st quarter valued at approximately $209,000. 55.54% of the stock is owned by institutional investors and hedge funds.
StepStone Group Stock Up 0.0%
STEP stock opened at $50.92 on Friday. The company’s 50 day simple moving average is $46.09 and its 200-day simple moving average is $47.88. The firm has a market capitalization of $6.08 billion, a PE ratio of -6.60 and a beta of 1.29. StepStone Group has a 12 month low of $38.85 and a 12 month 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.
StepStone Group (NASDAQ:STEP – Get Free Report) last issued its quarterly earnings data 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). StepStone Group had a positive return on equity of 43.38% and a negative net margin of 30.53%.The company had revenue of $300.60 million for the quarter, compared to analyst estimates of $309.32 million. Equities analysts expect that StepStone Group will post 2.53 earnings per share for the current fiscal year.
StepStone Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.33 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.32 dividend on an annualized basis and a yield of 2.6%. This is a boost from StepStone Group’s previous quarterly dividend of $0.28. StepStone Group’s dividend payout ratio (DPR) is currently -17.10%.
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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