StepStone (STEP)

Company Profile

StepStone Group is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. The Company partner with its clients to develop and build private markets portfolios designed to meet their specific objectives across private equity, infrastructure, private debt and real estate asset classes.

Company profile

Ticker

STEP

Exchange

NASDAQ

Website

www.stepstonegroup.com

Incorporated

Delaware

Location

New York

Fiscal year end

Mar 31

Sector

Finance and Insurance > Portfolio Management

Industry (SIC)

Investment Advice

Apollo Global Management Inc - • Carlyle Group Inc • Blackstone • Ares Management • Invesco • Franklin Resources • Ameriprise Financial • TPG • Legg Mason • Affiliated Managers ...

SEC CIK

0001796022

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

SRA Capital (Canada) LTD. • StepStone Conversus LLC • StepStone Europe Limited • StepStone GC Manager, L.P. • StepStone Gestão de Recursos Ltda. • StepStone Group (CHINA) Limited • StepStone Group (HK) Limited • StepStone Group Europe • StepStone Group Holdings LLC • StepStone Group LP ...

STEP stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$29.50

Low target

$28.00

High target

$31.00

Latest filings (excl ownership)

View all

7 Nov 22

Entry into a Material Definitive Agreement

3 Nov 22

8-K

Stepstone Group Reports Second Quarter Fiscal Year 2023 Results

3 Nov 22

8-K

Submission of Matters to a Vote of Security Holders

5 Aug 22

Stepstone Group Reports First Quarter Fiscal Year 2023 Results

4 Aug 22

DEFA14A

Additional proxy soliciting materials

27 Jul 22

31 May 22

Stepstone Group Reports Fourth Quarter and Fiscal Year 2022 Results

26 May 22

Transcripts

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STEP

Earnings call transcript

2023 Q1

6 Aug 22

STEP

Earnings call transcript

2022 Q4

27 May 22

STEP

Earnings call transcript

2022 Q3

9 Feb 22

STEP

Earnings call transcript

2022 Q2

15 Nov 21

STEP

Earnings call transcript

2022 Q1

11 Aug 21

STEP

Earnings call transcript

2021 Q4

16 Jun 21

Latest ownership filings

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WELLINGTON MANAGEMENT GROUP LLP

Financial summary

Financial statements Chart STEP financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Mar 22	Mar 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	144.48 mm	144.48 mm	144.48 mm	144.48 mm	144.48 mm	144.48 mm
Cash burn (monthly)	(no burn)	2.63 mm	24.83 mm	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	11.37 mm	107.33 mm	n/a	n/a	n/a
Cash remaining	n/a	133.12 mm	37.15 mm	n/a	n/a	n/a
Runway (months of cash)	n/a	50.6	1.5	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from StepStone earnings reports.

Institutional ownership, Q3 2022

STEP institutional ownership history Ownership history

89.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	122	130	-6.2%
Opened positions	14	26	-46.2%
Closed positions	22	23	-4.3%
Increased positions	40	56	-28.6%
Reduced positions	46	32	+43.8%

13F shares	Current	Prev Q	Change
Total value	1.35 bn	1.45 bn	-7.1%
Total shares	55.62 mm	56.81 mm	-2.1%
Total puts	0.00	294.10 k	EXIT
Total calls	0.00	3.30 k	EXIT
Total put/call ratio	–	89.1	–

Largest owners	Shares	Value	Change
T. Rowe Price Investment Management	5.33 mm	$130.76 mm	NEW
Vanguard	4.77 mm	$116.97 mm	-1.4%
Wellington Management	4.45 mm	$109.00 mm	+5.9%
Alger Associates	4.11 mm	$0.00	0.0%
JPM JPMorgan Chase & Co.	4.03 mm	$98.68 mm	-1.1%
Argonaut Private Equity, L.L.C.	3.83 mm	$180.06 mm	0.0%
BLK Blackrock	3.25 mm	$79.69 mm	-0.8%
Alliancebernstein	3.01 mm	$73.69 mm	-5.7%
Fred Alger Management	3.00 mm	$73.53 mm	-19.2%
FMR	2.77 mm	$67.93 mm	-6.7%

Largest transactions	Shares	Bought/sold	Change
T. Rowe Price Investment Management	5.33 mm	+5.33 mm	NEW
T. Rowe Price	268.05 k	-5.17 mm	-95.1%
STT State Street	0.00	-974.17 k	EXIT
American Century Companies	814.23 k	+805.89 k	+9660.6%
Fred Alger Management	3.00 mm	-713.54 k	-19.2%
Schonfeld Strategic Advisors	447.10 k	+447.10 k	NEW
Capital World Investors	2.42 mm	+287.80 k	+13.5%
Segall Bryant & Hamill	0.00	-254.32 k	EXIT
Wellington Management	4.45 mm	+246.92 k	+5.9%
FMR	2.77 mm	-197.87 k	-6.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

STEP insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
6 Feb 23	Thomas Keck	Class A Common Stock	Sell	Dispose S	Yes	Yes	30.1	32,050	964.71 k	348,972
3 Feb 23	James Lim	Class A Common Stock	Sell	Dispose S	Yes	Yes	31.09	12,315	382.87 k	6,897,079
3 Feb 23	Thomas Keck	Class A Common Stock	Sell	Dispose S	Yes	Yes	31.81	47,781	1.52 mm	381,022
2 Feb 23	James Lim	Class A Common Stock	Sell	Dispose S	Yes	Yes	31.02	4,492	139.34 k	6,909,394
2 Feb 23	Thomas Keck	Class A Common Stock	Sell	Dispose S	Yes	Yes	30.74	76,335	2.35 mm	428,803
15 Dec 22	David Y Park	Class A Common Stock	Sell	Dispose S	No	No	27.4	3,000	82.20 k	27,231
13 Dec 22	Thomas Keck	Class A Common Stock	Sell	Dispose S	Yes	Yes	30.06	612	18.40 k	505,138
10 Nov 22	James Lim	Class A Common Stock	Sell	Dispose S	Yes	No	30.18	436,000	13.16 mm	6,913,886
9 Nov 22	James Lim	Class A Common Stock	Sell	Dispose S	Yes	No	29.31	34,000	996.54 k	7,349,886
8 Nov 22	James Lim	Class A Common Stock	Sell	Dispose S	Yes	No	29.65	30,000	889.50 k	7,383,886