StepStone Group is a global private markets investment firm that specializes in providing customized investment solutions for institutional clients. The company focuses on private equity, real estate, infrastructure, and private debt, offering advisory services and investment management to help clients navigate the complexities of private market investing. With a commitment to building long-term value, StepStone leverages its extensive industry knowledge, relationships, and data analytics to enhance investment performance and create tailored strategies that align with the specific goals of its clients. Through its comprehensive platform, the firm assists organizations in optimizing their portfolios and accessing a diverse range of investment opportunities across the globe. Read More
Let’s dig into the relative performance of StepStone Group (NASDAQ:STEP) and its peers as we unravel the now-completed Q2 custody bank earnings season.
StepStone Group (Nasdaq: STEP), a global private markets investment firm, announced today it is partnering with Aviva to offer its UK trust-based pension schemes, institutional-grade access to global private markets through Aviva’s newly launched My Future Vision default strategy.
A number of stocks fell in the afternoon session after the U.S. government hurtled toward a potential shutdown, sparking economic uncertainty and weighing on investor confidence.
Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
StepStone Group Inc's (NYSE: STEP) short interest as a percent of float has fallen 6.79% since its last report. According to exchange reported data, there are now 2.33 million shares sold short, which is 3.43% of all regular shares that are available for trading.
Goldman Sachs: StepStone (STEP) is a fast-growing private markets player, with underappreciated earnings potential. Upgraded to Buy with a $83 price target.
Shares of private markets investment firm StepStone Group (NASDAQ:STEP) jumped 7.8% in the morning session after Goldman Sachs upgraded the stock to Buy from Neutral and raised its price target, citing a strong growth outlook.
Shares of private markets investment firm StepStone Group (NASDAQ:STEP) fell 2% in the afternoon session after the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs.
Growth is a hallmark of all great companies, but the laws of gravity eventually take hold.
Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market’s punishment can be swift and severe when trajectories fall.
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
