StepStone Group (STEP) to Release Quarterly Earnings on Thursday

StepStone Group (NASDAQ:STEP - Get Free Report) is projected to announce its Q1 2026 earnings results after the market closes on Thursday, August 7th. Analysts expect StepStone Group to post earnings of $0.42 per share and revenue of $238.99 million for the quarter.

StepStone Group (NASDAQ:STEP - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.24. StepStone Group had a positive return on equity of 15.21% and a negative net margin of 15.28%. The business had revenue of $295.86 million for the quarter, compared to the consensus estimate of $231.87 million. During the same period last year, the business earned $0.33 earnings per share. The firm's revenue for the quarter was up 66.8% compared to the same quarter last year. On average, analysts expect StepStone Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

StepStone Group Stock Performance

Shares of STEP stock traded down $2.56 during trading hours on Friday, hitting $56.80. The company had a trading volume of 642,516 shares, compared to its average volume of 534,772. StepStone Group has a 12 month low of $40.07 and a 12 month high of $70.38. The firm's fifty day moving average is $57.88 and its 200 day moving average is $56.43. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 28.96 and a beta of 1.37.

StepStone Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, June 13th. StepStone Group's dividend payout ratio (DPR) is currently -40.17%.

Insider Buying and Selling at StepStone Group

In related news, insider Jason P. Ment sold 55,608 shares of StepStone Group stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $60.71, for a total value of $3,375,961.68. Following the transaction, the insider directly owned 34,155 shares of the company's stock, valued at $2,073,550.05. The trade was a 61.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott W. Hart sold 10,000 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $61.28, for a total transaction of $612,800.00. Following the completion of the sale, the chief executive officer directly owned 60,000 shares in the company, valued at approximately $3,676,800. This represents a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 426,144 shares of company stock worth $25,370,101. Insiders own 18.44% of the company's stock.

Institutional Trading of StepStone Group

Several large investors have recently modified their holdings of STEP. AQR Capital Management LLC raised its holdings in shares of StepStone Group by 6.5% in the 1st quarter. AQR Capital Management LLC now owns 14,904 shares of the company's stock worth $778,000 after acquiring an additional 908 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in StepStone Group by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,602 shares of the company's stock valued at $2,068,000 after buying an additional 2,238 shares during the last quarter. Royal Bank of Canada lifted its stake in StepStone Group by 72.6% during the 1st quarter. Royal Bank of Canada now owns 9,135 shares of the company's stock valued at $477,000 after acquiring an additional 3,843 shares in the last quarter. United Services Automobile Association purchased a new position in StepStone Group during the 1st quarter worth $209,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of StepStone Group by 21.6% during the first quarter. Goldman Sachs Group Inc. now owns 357,281 shares of the company's stock valued at $18,661,000 after purchasing an additional 63,519 shares in the last quarter. Institutional investors and hedge funds own 55.54% of the company's stock.

Analyst Upgrades and Downgrades

STEP has been the topic of several recent research reports. Oppenheimer lifted their price target on StepStone Group from $74.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. The Goldman Sachs Group lifted their price target on StepStone Group from $57.00 to $63.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Barclays set a $62.00 price objective on StepStone Group and gave the stock an "equal weight" rating in a research note on Tuesday, May 27th. Morgan Stanley decreased their price target on StepStone Group from $66.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, Evercore ISI raised their price target on shares of StepStone Group from $56.00 to $61.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $63.43.

About StepStone Group

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.