Key Points
- CEO Scott Hart sold 10,000 shares on January 26 at an average price of $72.52, a transaction totaling $725,200, disclosed in an SEC filing.
- StepStone reported Q results that beat estimates—$0.54 EPS vs. $0.49 expected and revenue of $282.3M (up 35.2% YoY)—but the company still shows a negative net margin (-40.06%) despite a 21.5% return on equity and a market cap of $8.66B.
- Analysts are generally positive (average rating "Moderate Buy" with a mean target of $80.71) after multiple upgrades, and the stock pays a $0.28 quarterly dividend (≈1.5% yield) with institutional investors owning ~55.5% of shares.
StepStone Group Inc. (NASDAQ:STEP - Get Free Report) CEO Scott Hart sold 10,000 shares of the business's stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $72.52, for a total transaction of $725,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
StepStone Group Stock Performance
Shares of NASDAQ STEP opened at $73.19 on Thursday. The firm has a market cap of $8.66 billion, a P/E ratio of -9.15 and a beta of 1.34. StepStone Group Inc. has a 1 year low of $40.07 and a 1 year high of $77.79. The firm's 50 day moving average price is $67.10 and its 200 day moving average price is $63.82.
StepStone Group (NASDAQ:STEP - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.05. StepStone Group had a positive return on equity of 21.53% and a negative net margin of 40.06%.The company had revenue of $282.34 million for the quarter, compared to analyst estimates of $272.15 million. During the same quarter in the prior year, the company posted $0.45 EPS. The business's revenue for the quarter was up 35.2% compared to the same quarter last year. As a group, equities analysts predict that StepStone Group Inc. will post 1.82 EPS for the current year.
StepStone Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, November 28th. StepStone Group's dividend payout ratio (DPR) is presently -14.00%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of StepStone Group from $73.00 to $84.00 and gave the stock an "overweight" rating in a report on Tuesday, November 4th. Zacks Research upgraded shares of StepStone Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 8th. Oppenheimer reissued an "outperform" rating and set a $105.00 price objective on shares of StepStone Group in a research note on Tuesday, January 20th. Morgan Stanley set a $72.00 target price on StepStone Group in a research report on Tuesday. Finally, Evercore ISI lifted their target price on StepStone Group from $68.00 to $76.00 and gave the company an "outperform" rating in a report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $80.71.
View Our Latest Analysis on STEP
Hedge Funds Weigh In On StepStone Group
A number of hedge funds have recently made changes to their positions in STEP. Vanguard Group Inc. boosted its position in StepStone Group by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 7,721,468 shares of the company's stock worth $504,289,000 after purchasing an additional 296,378 shares during the period. Wellington Management Group LLP lifted its stake in shares of StepStone Group by 65.2% during the third quarter. Wellington Management Group LLP now owns 5,723,073 shares of the company's stock worth $373,774,000 after purchasing an additional 2,257,880 shares in the last quarter. Invesco Ltd. boosted its position in shares of StepStone Group by 2.4% in the third quarter. Invesco Ltd. now owns 4,138,979 shares of the company's stock worth $270,317,000 after buying an additional 95,339 shares during the period. Capital World Investors boosted its position in shares of StepStone Group by 3.6% in the third quarter. Capital World Investors now owns 2,961,976 shares of the company's stock worth $193,447,000 after buying an additional 102,585 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of StepStone Group by 3.2% in the third quarter. Alliancebernstein L.P. now owns 1,217,860 shares of the company's stock valued at $79,538,000 after buying an additional 37,679 shares in the last quarter. Hedge funds and other institutional investors own 55.54% of the company's stock.
StepStone Group Company Profile
(
Get Free Report)
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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