StepStone Group Inc. (NASDAQ:STEP – Get Free Report) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Monday, November 30th will be given a dividend of $0.33 per share on Tuesday, December 15th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, November 30th.
StepStone Group has increased its dividend by an average of 0.8% per year over the last three years and has raised its dividend every year for the last 3 years. StepStone Group has a dividend payout ratio of 56.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect StepStone Group to earn $3.49 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 37.8%.
StepStone Group Trading Up 0.5%
Shares of STEP stock opened at $46.61 on Friday. StepStone Group has a 1-year low of $38.85 and a 1-year high of $77.79. The firm has a market cap of $5.56 billion, a PE ratio of -6.06 and a beta of 1.28. The company has a 50-day moving average of $45.68 and a two-hundred day moving average of $49.03. 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, November 5th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.55 by $0.11. StepStone Group had a negative net margin of 30.53% and a positive return on equity of 43.38%. The firm had revenue of $362.71 million for the quarter, compared to analyst estimates of $324.84 million. On average, analysts predict that StepStone Group will post 2.51 EPS for the current year.
Wall Street Analyst Weigh In
STEP has been the topic of a number of research analyst reports. Wall Street Zen lowered StepStone Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Morgan Stanley set a $61.00 price target on StepStone Group in a research report on Friday, October 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of StepStone Group in a research note on Friday, October 16th. Evercore reiterated an “outperform” rating and issued a $56.00 price objective on shares of StepStone Group in a report on Friday, August 7th. Finally, UBS Group increased their target price on StepStone Group from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $66.11.
View Our Latest Stock Analysis on StepStone Group
StepStone Group Company Profile
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.
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