WINTON GROUP Ltd Raises Stock Position in StepStone Group Inc. $STEP

WINTON GROUP Ltd boosted its stake in StepStone Group Inc. (NASDAQ:STEP) by 45.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,796 shares of the company’s stock after purchasing an additional 13,274 shares during the period. WINTON GROUP Ltd’s holdings in StepStone Group were worth $1,770,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Essential Partners LLC boosted its stake in shares of StepStone Group by 17,350.0% in the 1st quarter. Essential Partners LLC now owns 698 shares of the company’s stock worth $33,000 after buying an additional 694 shares during the last quarter. Quarry LP increased its position in StepStone Group by 155.7% during the third quarter. Quarry LP now owns 514 shares of the company’s stock valued at $34,000 after acquiring an additional 313 shares during the last quarter. Darwin Wealth Management LLC bought a new position in StepStone Group in the second quarter valued at about $46,000. EverSource Wealth Advisors LLC boosted its position in StepStone Group by 332.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,236 shares of the company’s stock worth $69,000 after purchasing an additional 950 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in shares of StepStone Group during the 3rd quarter valued at about $73,000. 55.54% of the stock is currently owned by hedge funds and other institutional investors.

StepStone Group Stock Down 0.9%

STEP stock opened at $48.92 on Friday. StepStone Group Inc. has a twelve month low of $38.85 and a twelve month high of $77.79. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 1.22. The stock has a market cap of $5.84 billion, a P/E ratio of -6.34 and a beta of 1.29. The business’s 50-day moving average price is $47.00 and its 200-day moving average price is $47.72.

StepStone Group (NASDAQ:STEP) last released its earnings results on Thursday, August 6th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). StepStone Group had a positive return on equity of 43.38% and a negative net margin of 30.53%.The firm had revenue of $300.60 million during the quarter, compared to analysts’ expectations of $309.32 million. On average, equities research analysts forecast that StepStone Group Inc. will post 2.5 EPS for the current year.

StepStone Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from StepStone Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, August 31st. StepStone Group’s dividend payout ratio is currently -17.10%.

Wall Street Analysts Forecast Growth

STEP has been the subject of several research reports. Barclays upped their price target on shares of StepStone Group from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Wall Street Zen lowered shares of StepStone Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of StepStone Group in a report on Monday, July 20th. Morgan Stanley decreased their price target on shares of StepStone Group from $72.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $58.00 price target on shares of StepStone Group in a research note on Friday, August 7th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, StepStone Group has a consensus rating of “Moderate Buy” and a consensus target price of $70.56.

StepStone Group Profile

StepStone Group, Inc is a global investment firm focused on the private markets. The company designs and manages investment programs for institutional investors, family offices, private wealth clients and other organizations seeking access to private-market opportunities.

Its activities include investing in and managing portfolios of private equity, venture capital, private debt, real estate and infrastructure investments. StepStone provides customized portfolios, primary fund investments, secondary-market transactions, co-investments and advisory services across these asset classes.

Founded in 2013, StepStone serves clients through a global network of offices and investment professionals.