StepStone Group LP (NASDAQ:STEP - Get Free Report)'s stock price hit a new 52-week high on Thursday . The stock traded as high as $61.74 and last traded at $60.77, with a volume of 46129 shares. The stock had previously closed at $60.28.
Wall Street Analyst Weigh In
A number of research analysts recently commented on STEP shares. UBS Group increased their target price on shares of StepStone Group from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on StepStone Group from $56.00 to $61.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. The Goldman Sachs Group upped their target price on StepStone Group from $51.50 to $57.00 and gave the company a "neutral" rating in a research report on Monday, September 30th. Oppenheimer lifted their price target on StepStone Group from $56.00 to $73.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, Evercore ISI increased their price objective on StepStone Group from $52.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $54.69.
Check Out Our Latest Stock Report on StepStone Group
StepStone Group Stock Performance
The company has a market cap of $6.85 billion, a PE ratio of 80.97 and a beta of 1.28. The stock's 50-day simple moving average is $56.18 and its 200 day simple moving average is $47.33.
StepStone Group (NASDAQ:STEP - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.13. The firm had revenue of $186.40 million for the quarter, compared to analyst estimates of $181.15 million. The company's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share. On average, sell-side analysts predict that StepStone Group LP will post 1.85 EPS for the current fiscal year.
StepStone Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.24 dividend. This is a boost from StepStone Group's previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, August 30th. StepStone Group's dividend payout ratio (DPR) is currently 126.32%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of StepStone Group by 291.1% during the 3rd quarter. GAMMA Investing LLC now owns 618 shares of the company's stock worth $35,000 after purchasing an additional 460 shares in the last quarter. Blue Trust Inc. boosted its holdings in StepStone Group by 1,586.3% during the third quarter. Blue Trust Inc. now owns 860 shares of the company's stock worth $49,000 after buying an additional 809 shares in the last quarter. CWM LLC grew its position in StepStone Group by 190.4% during the third quarter. CWM LLC now owns 1,185 shares of the company's stock worth $67,000 after buying an additional 777 shares during the period. SG Americas Securities LLC acquired a new position in StepStone Group during the second quarter worth about $111,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in StepStone Group in the first quarter valued at about $149,000. Institutional investors and hedge funds own 55.54% of the company's stock.
StepStone Group Company Profile
(
Get Free Report)
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.
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