StepStone Group LP (NASDAQ:STEP – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $56.00 to $61.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. StepStone Group traded as high as $58.17 and last traded at $57.92, with a volume of 534010 shares changing hands. The stock had previously closed at $56.83.
Other research analysts also recently issued reports about the stock. Morgan Stanley increased their target price on shares of StepStone Group from $43.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, August 19th. UBS Group increased their target price 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. Evercore ISI raised their price objective on shares of StepStone Group from $41.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Barclays raised their price objective on shares of StepStone Group from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, The Goldman Sachs Group raised their price objective on shares of StepStone Group from $51.50 to $57.00 and gave the stock a “neutral” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $47.19.
Read Our Latest Report on StepStone Group
Institutional Trading of StepStone Group
StepStone Group Stock Performance
The company’s 50-day moving average price is $52.27 and its two-hundred day moving average price is $44.39. The stock has a market cap of $6.41 billion, a PE ratio of 64.23 and a beta of 1.28.
StepStone Group (NASDAQ:STEP – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.13. The company had revenue of $186.40 million for the quarter, compared to analysts’ expectations of $181.15 million. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. Equities research analysts forecast that StepStone Group LP will post 1.83 earnings per share for the current fiscal year.
StepStone Group Increases Dividend
The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 1.66%. This is a boost from StepStone Group’s previous quarterly dividend of $0.21. StepStone Group’s dividend payout ratio (DPR) is 106.67%.
StepStone Group Company Profile
StepStone Group LP. is an investment firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, private equity and buyout investments in mature and middle market companies.
Featured Articles
- Five stocks we like better than StepStone Group
- Pros And Cons Of Monthly Dividend Stocks
- Why Lennar Stock Could Be the Best Play in the Housing Market
- Why Invest in 5G? How to Invest in 5G Stocks
- 2 Energy Stocks Fueling the AI Datacenter Boom
- Are Penny Stocks a Good Fit for Your Portfolio?
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Receive News & Ratings for StepStone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StepStone Group and related companies with MarketBeat.com's FREE daily email newsletter.