StepStone Group will announce Q3 2024 results on February 6, 2025, followed by a conference call at 5:00 pm ET.
Quiver AI Summary
StepStone Group Inc. announced that it will release its financial results for the third quarter of the fiscal year ending March 31, 2025, after market close on February 6, 2025. Following the release, the company will host a webcast and conference call at 5:00 pm ET to discuss the results. Interested participants can access the webcast via the company's investor relations website and are encouraged to register 15 minutes in advance. A replay of the call will be available shortly after the event concludes. StepStone, a global private markets investment firm, manages approximately $682 billion in total capital, with $176 billion in assets under management, serving a diverse client base that includes large pension funds, sovereign wealth funds, and high-net-worth individuals.
Potential Positives
- StepStone Group Inc. will provide its financial results for Q3 of the fiscal year, showcasing transparency and accountability to its shareholders.
- The scheduled earnings conference call indicates proactive communication with stakeholders, allowing for real-time engagement and discussion regarding company performance.
- StepStone manages a substantial amount of capital, approximately $682 billion, which emphasizes the company's significant role in the private markets investment sector.
- The firm serves a diverse client base, including major pension funds and sovereign wealth funds, reflecting its established reputation and trust within the investment community.
Potential Negatives
- Delay in announcing financial results may cause uncertainty among investors regarding the company's current performance and outlook.
- Upcoming earnings call may indicate potential issues if results are below expectations, affecting stock price and investor confidence.
- The timing of the earnings release after market close could limit immediate market reactions to any potentially negative news.
FAQ
When will StepStone Group announce its Q3 2024 results?
StepStone Group will release its Q3 2024 results on February 6, 2025, after market close.
How can I access the earnings conference call?
The earnings conference call can be accessed via a webcast on the Company’s shareholders website starting at 5:00 pm ET on February 6, 2025.
Where can I find the webcast for the earnings call?
The webcast will be available on the Shareholders section of StepStone's website at https://shareholders.stepstonegroup.com.
Will there be a replay of the earnings call?
Yes, a replay of the earnings call will be available approximately two hours after the event concludes on the shareholders website.
What services does StepStone Group provide?
StepStone Group offers customized investment solutions and advisory services focused on private markets for various clients.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$STEP Insider Trading Activity
$STEP insiders have traded $STEP stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.
Here’s a breakdown of recent trading of $STEP stock by insiders over the last 6 months:
- SCOTT W HART (Chief Executive Officer) has made 0 purchases and 5 sales selling 60,000 shares for an estimated $3,778,102.
- MICHAEL I MCCABE (Head of Strategy) has made 0 purchases and 2 sales selling 6,200 shares for an estimated $398,548.
- DAVID Y PARK (Chief Financial Officer) sold 3,000 shares for an estimated $204,629
- ANTHONY KEATHLEY (Chief Accounting Officer) sold 729 shares for an estimated $50,191
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$STEP Hedge Fund Activity
We have seen 130 institutional investors add shares of $STEP stock to their portfolio, and 67 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- INVESCO LTD. added 2,387,311 shares (+302.6%) to their portfolio in Q3 2024, for an estimated $135,670,884
- BLACKROCK, INC. added 1,445,784 shares (+18.2%) to their portfolio in Q3 2024, for an estimated $82,163,904
- PRICE T ROWE ASSOCIATES INC /MD/ added 1,205,079 shares (+34.4%) to their portfolio in Q3 2024, for an estimated $68,484,639
- JPMORGAN CHASE & CO removed 683,089 shares (-29.5%) from their portfolio in Q3 2024, for an estimated $38,819,947
- WASATCH ADVISORS LP removed 605,610 shares (-35.0%) from their portfolio in Q3 2024, for an estimated $34,416,816
- KEYSTONE INVESTORS PTE LTD added 565,801 shares (+inf%) to their portfolio in Q3 2024, for an estimated $32,154,470
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 513,347 shares (-21.4%) from their portfolio in Q3 2024, for an estimated $29,173,510
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced that the Company will release its results for the quarter ended December 31, 2024, after the market closes on Thursday, February 6, 2025. This represents results for the third quarter of the fiscal year ending March 31, 2025.
Webcast and Earnings Conference Call
Management will host a webcast and conference call on Thursday, February 6, 2025, at 5:00 pm ET to discuss the Company’s results for the third quarter of the fiscal year ending March 31, 2025. The webcast will be made available on the Shareholders section of the Company's website at https://shareholders.stepstonegroup.com . To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time to register. A replay will also be available on the shareholders website approximately two hours after the conclusion of the event.
To join as a live participant in the question and answer portion of the call, participants must register at https://register.vevent.com/register/BI4d11263234d648c092cf5d1e8339df8d . Upon registering you will receive the dial-in number and a PIN to join the call as well as an email confirmation with the details.
About StepStone
StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of September 30, 2024, StepStone was responsible for approximately $682 billion of total capital, including $176 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes.
Contacts
Shareholder Relations:
Seth Weiss
[email protected]
1-212-351-6106
Media:
Brian Ruby / Chris Gillick / Matt Lettiero, ICR
[email protected]
1-203-682-8268