StepStone Group (STEP) Stock Price, News & Analysis

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for StepStone Group in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" STEP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STEP, but not buy additional shares or sell existing shares.
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7 brokers have issued twelve-month price targets for StepStone Group's shares. Their STEP share price targets range from $5.50 to $49.00. On average, they anticipate the company's stock price to reach $35.21 in the next twelve months. This suggests that the stock has a possible downside of 1.7%.
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StepStone Group's stock was trading at $31.83 at the beginning of 2024. Since then, STEP shares have increased by 12.5% and is now trading at $35.82.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
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StepStone Group LP (NASDAQ:STEP) released its quarterly earnings data on Thursday, February, 8th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.12. The business earned ($14.61) million during the quarter, compared to the consensus estimate of $142.29 million.

StepStone Group announced a quarterly dividend on Monday, February 5th. Shareholders of record on Thursday, February 29th will be given a dividend of $0.21 per share on Friday, March 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Wednesday, February 28th.
Read our dividend analysis for STEP.

StepStone Group (NASDAQ:STEP) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.38%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 93.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, STEP will have a dividend payout ratio of 52.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STEP.

ETFs with the largest weight of StepStone Group (NASDAQ:STEP) stock in their portfolio include SPDR S&P Capital Markets ETF (KCE), Alger Weatherbie Enduring Growth ETF (AWEG) and Invesco Global Listed Private Equity ETF (PSP).Harbor Corporate Culture Small Cap ETF (HAPS).

StepStone Group (STEP) raised $280 million in an initial public offering on Wednesday, September 16th 2020. The company issued 17,500,000 shares at $15.00-$17.00 per share. JPMorgan, Goldman Sachs, Morgan Stanley, Barclays and UBS Investment Bank acted as the underwriters for the IPO.

StepStone Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Wasatch Advisors LP (2.67%) and Los Angeles Capital Management LLC (0.05%). Insiders that own company stock include Anthony Keathley, Arg Private Equity, Llc, David Y Park, James Lim, Jason P Ment, Johnny D Randel, Michael I Mccabe, Robert Waldo, Scott W Hart, Steven R Mitchell and Thomas Keck.
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Shares of STEP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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