StepStone Group (NASDAQ:STEP) Price Target Raised to $55.00 at Evercore ISI

StepStone Group (NASDAQ:STEP) had its price target raised by Evercore ISI from $52.00 to $55.00 in a report published on Monday, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other analysts have also commented on the company. The Goldman Sachs Group raised their target price on StepStone Group from $51.50 to $57.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Barclays raised 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. Morgan Stanley boosted their target price on shares of StepStone Group from $52.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. UBS Group raised their price target on shares of StepStone Group from $44.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of StepStone Group from $56.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.44.

StepStone Group Trading Up 0.0 %

Shares of NASDAQ STEP opened at $60.98 on Monday. The company has a 50 day simple moving average of $55.37 and a two-hundred day simple moving average of $46.54. StepStone Group has a 12 month low of $25.06 and a 12 month high of $61.48. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 80.24 and a beta of 1.28.

StepStone Group (NASDAQ:STEP) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.35 by $0.13. The business had revenue of $186.40 million during the quarter, compared to analysts’ expectations of $181.15 million. StepStone Group’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. Analysts forecast 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 given a dividend of $0.24 per share. This is a positive change from StepStone Group’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, August 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.57%. StepStone Group’s dividend payout ratio (DPR) is 126.32%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted 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 valued at $35,000 after buying an additional 460 shares in the last quarter. CWM LLC lifted its position in shares of 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 buying an additional 777 shares in the last quarter. SG Americas Securities LLC purchased a new position in StepStone Group in the 2nd quarter valued at $111,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in StepStone Group during the 1st quarter worth $149,000. Finally, Acadian Asset Management LLC acquired a new stake in StepStone Group during the 2nd quarter worth $206,000. Hedge funds and other institutional investors own 55.54% of the company’s stock.

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.