STEP has been the subject of a number of other research reports. Oppenheimer set a $67.00 price objective on StepStone Group and gave the company an “outperform” rating in a research report on Wednesday, April 16th. Evercore ISI lifted their price target on StepStone Group from $63.00 to $69.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Barclays set a $62.00 price objective on StepStone Group and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Morgan Stanley cut their price objective on shares of StepStone Group from $66.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.57.

Get Our Latest Stock Analysis on STEP

NASDAQ STEP opened at $57.81 on Wednesday. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of -34.21 and a beta of 1.37. The company has a 50 day simple moving average of $52.32 and a 200-day simple moving average of $57.69. StepStone Group has a 52-week low of $40.07 and a 52-week high of $70.38.

StepStone Group (NASDAQ:STEP – Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.24. The firm had revenue of $295.86 million for the quarter, compared to analyst estimates of $231.87 million. StepStone Group had a negative net margin of 11.29% and a positive return on equity of 12.04%. The company’s revenue for the quarter was up 66.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS. On average, analysts predict that StepStone Group will post 1.82 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.24 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.96 annualized dividend and a yield of 1.66%. StepStone Group’s dividend payout ratio (DPR) is currently -40.17%.

In other StepStone Group news, insider Jason P. Ment sold 800 shares of the company’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $60.02, for a total transaction of $48,016.00. Following the completion of the sale, the insider now directly owns 90,663 shares in the company, valued at $5,441,593.26. This represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott W. Hart sold 27,697 shares of StepStone Group stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $60.06, for a total value of $1,663,481.82. Following the completion of the transaction, the chief executive officer now owns 80,000 shares in the company, valued at $4,804,800. The trade was a 25.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 338,426 shares of company stock valued at $20,325,626 over the last 90 days. 18.44% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of STEP. Millennium Management LLC grew its stake in shares of StepStone Group by 269.8% in the first quarter. Millennium Management LLC now owns 2,962,826 shares of the company’s stock worth $154,748,000 after acquiring an additional 2,161,548 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in StepStone Group by 19.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,599,875 shares of the company’s stock valued at $324,122,000 after purchasing an additional 895,521 shares during the period. Raymond James Financial Inc. acquired a new stake in StepStone Group in the 4th quarter worth $46,163,000. Massachusetts Financial Services Co. MA bought a new position in shares of StepStone Group during the 4th quarter worth about $32,340,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of StepStone Group by 353.2% in the fourth quarter. Ameriprise Financial Inc. now owns 661,799 shares of the company’s stock valued at $38,305,000 after buying an additional 515,760 shares during the period. 55.54% of the stock is currently owned by institutional investors and hedge funds.

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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.

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