Research Analysts’ Weekly Ratings Updates for StepStone Group (STEP)

Several brokerages have updated their recommendations and price targets on shares of StepStone Group (NASDAQ: STEP) in the last few weeks:

• 10/22/2024 – StepStone Group had its price target raised by analysts at UBS Group AG from $55.00 to $65.00. They now have a “neutral” rating on the stock.
• 10/16/2024 – StepStone Group had its price target raised by analysts at Oppenheimer Holdings Inc. from $56.00 to $73.00. They now have an “outperform” rating on the stock.
• 10/14/2024 – StepStone Group had its price target raised by analysts at Evercore ISI from $52.00 to $55.00. They now have an “outperform” rating on the stock.
• 10/10/2024 – StepStone Group had its price target raised by analysts at Morgan Stanley from $52.00 to $60.00. They now have an “equal weight” rating on the stock.
• 10/7/2024 – StepStone Group had its price target raised by analysts at Barclays PLC from $51.00 to $61.00. They now have an “equal weight” rating on the stock.
• 10/1/2024 – StepStone Group had its price target raised by analysts at JPMorgan Chase & Co. from $56.00 to $61.00. They now have an “overweight” rating on the stock.
• 9/30/2024 – StepStone Group had its price target raised by analysts at The Goldman Sachs Group, Inc. from $51.50 to $57.00. They now have a “neutral” rating on the stock.

StepStone Group Price Performance

Shares of NASDAQ:STEP opened at $61.58 on Tuesday. The company has a market capitalization of $6.81 billion, a PE ratio of 81.03 and a beta of 1.28. The business has a fifty day moving average price of $56.66 and a two-hundred day moving average price of $47.95. StepStone Group LP has a 1 year low of $25.06 and a 1 year high of $62.99.

StepStone Group (NASDAQ:STEP) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.13. The company had revenue of $186.40 million for the quarter, compared to the consensus estimate of $181.15 million. During the same quarter in the previous year, the company posted $0.26 EPS. StepStone Group’s quarterly revenue was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that StepStone Group LP will post 1.85 earnings per share for the current year.

StepStone Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.56%. This is a positive change from StepStone Group’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, August 30th. StepStone Group’s dividend payout ratio is 126.32%.

Hedge Funds Weigh In On StepStone Group

Several institutional investors and hedge funds have recently bought and sold shares of STEP. GAMMA Investing LLC grew its stake in shares of StepStone Group by 291.1% during the 3rd quarter. GAMMA Investing LLC now owns 618 shares of the company’s stock worth $35,000 after acquiring an additional 460 shares during the period. Blue Trust Inc. boosted its position in StepStone Group by 1,586.3% during the third quarter. Blue Trust Inc. now owns 860 shares of the company’s stock worth $49,000 after purchasing an additional 809 shares during the period. US Bancorp DE boosted its position in StepStone Group by 442.7% during the third quarter. US Bancorp DE now owns 966 shares of the company’s stock worth $55,000 after purchasing an additional 788 shares during the period. CWM LLC boosted its position in StepStone Group by 190.4% during the third quarter. CWM LLC now owns 1,185 shares of the company’s stock worth $67,000 after purchasing an additional 777 shares during the period. Finally, SG Americas Securities LLC bought a new position in StepStone Group during the second quarter worth about $111,000. 55.54% of the stock is owned by institutional investors.

StepStone Group Inc is a private equity and venture capital firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies.