Thrivent Financial for Lutherans Sells 25,596 Shares of StepStone Group Inc. $STEP

Thrivent Financial for Lutherans cut its holdings in shares of StepStone Group Inc. (NASDAQ:STEP) by 24.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,873 shares of the company’s stock after selling 25,596 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of StepStone Group worth $5,151,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Yousif Capital Management LLC lifted its position in StepStone Group by 0.9% during the second quarter. Yousif Capital Management LLC now owns 24,785 shares of the company’s stock valued at $1,376,000 after purchasing an additional 227 shares during the last quarter. CWM LLC raised its position in shares of StepStone Group by 14.4% during the 3rd quarter. CWM LLC now owns 1,860 shares of the company’s stock valued at $121,000 after buying an additional 234 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of StepStone Group by 35.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 916 shares of the company’s stock valued at $60,000 after buying an additional 240 shares in the last quarter. WINTON GROUP Ltd lifted its holdings in shares of StepStone Group by 1.8% in the 2nd quarter. WINTON GROUP Ltd now owns 22,143 shares of the company’s stock valued at $1,229,000 after acquiring an additional 397 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in StepStone Group by 3.1% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,864 shares of the company’s stock worth $825,000 after acquiring an additional 451 shares in the last quarter. Institutional investors own 55.54% of the company’s stock.

StepStone Group Trading Up 5.5%

Shares of STEP opened at $62.43 on Friday. The firm has a fifty day moving average price of $67.66 and a 200-day moving average price of $64.04. The firm has a market capitalization of $7.38 billion, a P/E ratio of -9.00 and a beta of 1.32. StepStone Group Inc. has a 12-month low of $40.07 and a 12-month high of $77.79.

StepStone Group (NASDAQ:STEP) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.60 by $0.05. The company had revenue of $241.13 million for the quarter, compared to the consensus estimate of $363.92 million. StepStone Group had a negative net margin of 30.66% and a positive return on equity of 26.11%. The firm’s revenue was up 102.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS. Analysts predict that StepStone Group Inc. will post 1.82 earnings per share for the current year.

StepStone Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, February 27th. StepStone Group’s payout ratio is currently -14.00%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Evercore ISI set a $73.00 price objective on StepStone Group in a research report on Friday. JPMorgan Chase & Co. boosted their target price on StepStone Group from $84.00 to $91.00 and gave the company an “overweight” rating in a research report on Friday. Wall Street Zen upgraded StepStone Group from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Barclays set a $67.00 price objective on shares of StepStone Group in a research note on Friday. Finally, Oppenheimer reissued an “outperform” rating and issued a $105.00 target price on shares of StepStone Group in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, StepStone Group currently has an average rating of “Moderate Buy” and an average target price of $79.75.

Trending Headlines about StepStone Group

Here are the key news stories impacting StepStone Group this week:

• Positive Sentiment: JPMorgan raised its price target to $91 from $84 and reiterated an “Overweight” rating, implying roughly 45.8% upside from the current share price — a clear catalyst for buyer interest. Article Title
• Positive Sentiment: Q3 EPS beat: STEP reported $0.65 EPS vs. consensus ~$0.60, giving investors confidence in underlying profitability trends. Several outlets flagged the earnings beat. Article Title
• Positive Sentiment: Assets under management expanded to roughly $171B, up about $8B sequentially — a sign of continued fundraising/flows that supports fee revenue longer term. Article Title
• Positive Sentiment: Board declared a quarterly dividend of $0.28/share (annualized yield ~1.8%), signaling capital return to shareholders and helping attract income-focused investors. Article Title
• Positive Sentiment: Strategy tailwinds: coverage and company commentary highlight growth from private-wealth channels and product diversification (helpful amid AI-related market shifts), supporting a more bullish growth narrative. Article Title
• Neutral Sentiment: Company released the Q3 earnings slide deck and earnings-call materials (useful for due diligence but informational rather than a fresh catalyst). Presentation
• Neutral Sentiment: Full earnings-call transcripts and analyst write-ups are available for review; these help investors parse guidance and fees but are follow-up detail. Transcript
• Negative Sentiment: Revenue shortfall vs. some expectations: reported revenue of ~$241.1M was well below the consensus figure cited by some services (~$363.9M), and the company still shows a negative net margin (~-40%), which could pressure sentiment if investors focus on top-line durability and profitability conversion. Article Title

Insider Activity at StepStone Group

In related news, insider Michael I. Mccabe sold 74,214 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $66.14, for a total value of $4,908,513.96. Following the transaction, the insider owned 122,209 shares of the company’s stock, valued at $8,082,903.26. This represents a 37.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jose A. Fernandez sold 70,402 shares of StepStone Group stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $62.30, for a total value of $4,386,044.60. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 362,858 shares of company stock worth $23,422,844. Company insiders own 16.47% of the company’s stock.

StepStone Group Company Profile

StepStone Group is a global private markets investment firm that provides specialized investment solutions across private equity, private credit and real assets. The firm offers customized portfolios, secondary interests, direct co-investments and tailored advisory services to institutional investors worldwide. StepStone’s integrated research and data analytics platform supports its investment teams in sourcing opportunities and monitoring portfolio companies.

Founded in 2007 as an independent private markets specialist, the company has grown its presence through both organic expansion and strategic partnerships.