StepStone Group (NASDAQ:STEP) Price Target Raised to $65.00 at UBS Group

StepStone Group (NASDAQ:STEP - Free Report) had its target price raised by UBS Group from $55.00 to $65.00 in a report released on Tuesday, Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also recently issued reports about the company. Morgan Stanley boosted their price target on StepStone Group from $52.00 to $60.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. The Goldman Sachs Group boosted their target price on shares of StepStone Group from $51.50 to $57.00 and gave the company a "neutral" rating in a research note on Monday, September 30th. Evercore ISI raised their price target on shares of StepStone Group from $52.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Oppenheimer boosted their price objective on shares of StepStone Group from $56.00 to $73.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Finally, Barclays upped their price objective on shares of StepStone Group from $51.00 to $61.00 and gave the company an "equal weight" rating in a research note on Monday, October 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $54.69.

StepStone Group Price Performance

StepStone Group stock traded up $0.84 during trading hours on Tuesday, hitting $60.62. The stock had a trading volume of 462,539 shares, compared to its average volume of 574,216. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 67.36 and a beta of 1.28. StepStone Group has a 1-year low of $25.06 and a 1-year high of $61.48. The stock's fifty day moving average is $55.81 and its two-hundred day moving average is $47.07.

StepStone Group (NASDAQ:STEP - Get Free Report) last announced its 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 business had revenue of $186.40 million for the quarter, compared to analyst estimates of $181.15 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The business's revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that StepStone Group will post 1.83 EPS for the current year.

StepStone Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Friday, August 30th. This is an increase from StepStone Group's previous quarterly dividend of $0.21. StepStone Group's dividend payout ratio (DPR) is currently 106.67%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. lifted its holdings in StepStone Group by 1.2% in the 1st quarter. American International Group Inc. now owns 27,152 shares of the company's stock worth $970,000 after buying an additional 322 shares in the last quarter. GAMMA Investing LLC boosted its holdings in StepStone Group by 291.1% in the third quarter. GAMMA Investing LLC now owns 618 shares of the company's stock valued at $35,000 after purchasing an additional 460 shares during the last quarter. CWM LLC grew its stake in StepStone Group by 190.4% during the 3rd quarter. CWM LLC now owns 1,185 shares of the company's stock valued at $67,000 after purchasing an additional 777 shares in the last quarter. Blue Trust Inc. increased its holdings in StepStone Group by 1,586.3% during the 3rd quarter. Blue Trust Inc. now owns 860 shares of the company's stock worth $49,000 after purchasing an additional 809 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of StepStone Group by 10.8% in the 1st quarter. ProShare Advisors LLC now owns 9,898 shares of the company's stock valued at $354,000 after purchasing an additional 963 shares in the last quarter. 55.54% of the stock is owned by hedge funds and other institutional investors.

StepStone Group Company Profile

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.