StepStone Group (STEP) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for StepStone Group in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12 month price objectives for StepStone Group's shares. Their STEP share price targets range from $5.50 to $49.00. On average, they predict the company's share price to reach $35.21 in the next year. This suggests that the stock has a possible downside of 0.8%.
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StepStone Group's stock was trading at $31.83 at the start of the year. Since then, STEP shares have increased by 11.5% and is now trading at $35.49.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
View our STEP earnings forecast.

StepStone Group LP (NASDAQ:STEP) released its quarterly earnings results on Thursday, February, 8th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.12. The firm had revenue of ($14.61) million for the quarter, compared to the consensus estimate of $142.29 million.

StepStone Group declared a quarterly dividend on Monday, February 5th. Shareholders of record on Thursday, February 29th will be paid a dividend of $0.21 per share on Friday, March 15th. This represents a $0.84 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend 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 2.33%. 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 53.85% 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 a price of $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 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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