StepStone Group (STEP) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for StepStone Group in the last twelve months. There are currently 4 hold 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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4 brokers have issued 12-month price targets for StepStone Group's stock. Their STEP share price forecasts range from $27.00 to $36.00. On average, they expect the company's share price to reach $32.00 in the next year. This suggests a possible upside of 3.6% from the stock's current price.
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StepStone Group's stock was trading at $25.18 on January 1st, 2023. Since then, STEP stock has increased by 22.7% and is now trading at $30.89.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our STEP earnings forecast.

StepStone Group LP (NASDAQ:STEP) issued its quarterly earnings results on Thursday, August, 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The business earned $178.01 million during the quarter, compared to analyst estimates of $160.14 million.

StepStone Group announced a quarterly dividend on Wednesday, August 2nd. Investors of record on Thursday, August 31st will be given a dividend of $0.21 per share on Friday, September 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Wednesday, August 30th. This is an increase from the stock's previous quarterly dividend of $0.07.
Read our dividend analysis for STEP.

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

StepStone Group (NASDAQ:STEP) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.72%. 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 400.00%. 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 49.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for STEP.

(STEP) raised $280 million in an initial public offering (IPO) 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 trades on the NASDAQ under the ticker symbol "STEP."

StepStone Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (4.03%), BlackRock Inc. (3.62%), Wasatch Advisors LP (2.62%), Alliancebernstein L.P. (2.28%), Capital World Investors (2.26%) and State Street Corp (1.05%). Insiders that own company stock include Arg Private Equity, Llc, Darren M Friedman, David Y Park, James Lim, Jason P Ment, Johnny D Randel, Jose A Fernandez, Mark Maruszewski, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STEP stock can currently be purchased for approximately $30.89.

StepStone Group (NASDAQ:STEP) has a market capitalization of $3.37 billion and generates $1.37 billion in revenue each year. The company earns $-18,400,000.00 in net income (profit) each year or $0.21 on an earnings per share basis.

The company employs 966 workers across the globe.

StepStone Group's mailing address is 450 LEXINGTON AVENUE 31ST FLOOR, NEW YORK NY, 10017. The official website for the company is www.stepstoneglobal.com. The company can be reached via phone at 212-351-6100.