StepStone GroupSTEP
Market Cap: $3.57B
About: StepStone Group Inc operates as a fully integrated private markets solution provider. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The company consists of a single operating segment and a single reportable segment for accounting and financial reporting purposes.
Employees: 1,010
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
375% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 12
42% more capital invested
Capital invested by funds: $1.96B [Q1] → $2.79B (+$827M) [Q2]
32% more funds holding
Funds holding: 141 [Q1] → 186 (+45) [Q2]
27% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 49
20% more call options, than puts
Call options by funds: $363K | Put options by funds: $303K
6.92% more ownership
Funds ownership: 85.53% [Q1] → 92.45% (+6.92%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
UBS Adam Beatty 30% 1-year accuracy 3 / 10 met price target | 5%upside $55 | Neutral Maintained | 21 Aug 2024 |
Morgan Stanley Michael Cyprys 60% 1-year accuracy 18 / 30 met price target | 1%downside $52 | Equal-Weight Maintained | 19 Aug 2024 |
Goldman Sachs Alexander Blostein 75% 1-year accuracy 15 / 20 met price target | 2%downside $52 | Neutral Maintained | 12 Aug 2024 |
JP Morgan Kenneth Worthington 55% 1-year accuracy 18 / 33 met price target | 7%upside $56 | Overweight Maintained | 12 Aug 2024 |
Barclays Benjamin Budish 72% 1-year accuracy 52 / 72 met price target | 3%downside $51 | Equal-Weight Maintained | 12 Aug 2024 |
Financial journalist opinion
Based on 4 articles about STEP published over the past 30 days