StepStone Group LP (NASDAQ:STEP – Get Free Report) has earned an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $61.71.
STEP has been the topic of several recent research reports. Oppenheimer raised their target price on shares of StepStone Group from $56.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on shares of StepStone Group from $56.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Evercore ISI raised their target price on shares of StepStone Group from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Morgan Stanley lifted their price objective on shares of StepStone Group from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Finally, Barclays lifted their price objective on shares of StepStone Group from $51.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th.
Get Our Latest Stock Analysis on STEP
Hedge Funds Weigh In On StepStone Group
StepStone Group Trading Down 1.9 %
Shares of STEP stock opened at $59.00 on Thursday. StepStone Group has a 1 year low of $25.06 and a 1 year high of $62.99. The firm’s 50 day moving average is $57.26 and its 200-day moving average is $48.56. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 77.63 and a beta of 1.27.
StepStone Group (NASDAQ:STEP – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.48 earnings per share 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 the consensus estimate of $181.15 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. On average, equities research analysts forecast that StepStone Group will post 1.85 earnings per share for the current fiscal year.
StepStone Group Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a yield of 1.63%. This is an increase from StepStone Group’s previous quarterly dividend of $0.21. StepStone Group’s dividend payout ratio is 126.32%.
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.
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