Core Insights - StepStone Group Inc. reported its third quarter fiscal 2025 results, highlighting a quarterly cash dividend of $0.24 per share of Class A common stock, payable on March 14, 2025 [1][5]. Financial Highlights - Total revenues for the quarter ended December 31, 2024, were $339.023 million, compared to a loss of $14.612 million in the same quarter of the previous year [17]. - Management and advisory fees, net, amounted to $190.840 million, an increase from $151.492 million year-over-year [17]. - The company experienced a net loss of $287.163 million for the quarter, compared to a loss of $23.419 million in the same quarter of the previous year [17][18]. - Adjusted net income (ANI) for the quarter was $42.116 million, reflecting a 25% increase compared to the previous year [9][27]. Key Business Metrics - As of December 31, 2024, StepStone managed approximately $698 billion in total capital, including $179 billion in assets under management (AUM) [5]. - The fee-earning AUM (FEAUM) increased to $114.2 billion, representing a 28% year-over-year growth [9]. - The company reported a fee-related earnings (FRE) margin of 39% for the quarter [9][30]. Dividend Information - The declared quarterly cash dividend of $0.24 per share represents a 14% increase compared to the previous quarter [10][11]. Conference Call - Management will host a webcast and conference call to discuss the results, scheduled for February 6, 2025, at 5:00 pm ET [3][4].

Wall Street expects a year-over-year increase in earnings on higher revenues when StepStone Group Inc. (STEP) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 6, 2025, might help the stock move higher if these key numbers are bet ...

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 ...

Bagsværd, Denmark, 17 January 2025 – Novo Nordisk today announced headline results from STEP UP, a phase 3b trial in the global STEP programme. STEP UP is a 72-week efficacy and safety trial investigating subcutaneous semaglutide 7.2 mg compared to semaglutide 2.4 mg and placebo, all administered once weekly. The trial included 1,407 randomised adults with obesity. All treatment arms were in conjunction with lifestyle intervention. The trial achieved its primary endpoint by demonstrating a statistically sig ...

Expands infrastructure investment solutions beyond separate accounts, broadening access for investorsNEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm, today announced the final close of StepStone Infrastructure Co-Investment Partners 2022 (“SICP” or the “Fund”) and related separate accounts with over $1.4 billion of capital commitments. SICP closed with approximately $1.2 billion of capital commitments, significantly surpassing its tar ...

New capital will drive continued global expansion to bring more insurers into the AI eraSAN FRANCISCO, Nov. 20, 2024 /PRNewswire/ -- Federato, the AI-native underwriting platform for insurance, announced today that it has raised a total of $80 million, including its latest Series C funding round. The $40 million round was led by global private markets investor StepStone Group (NASDAQ: STEP), with participation from existing investors, including Emergence Capital, Caffeinated Capital and Pear VC, who togethe ...

Q STEPSTONE STEPSTONE GROUP 1 Second Quarter Fiscal Year 2025 Earnings Presentation November 7, 2024 STEPSTONE GROUP 2 Today's presenters CEO Mike McCabe Head of Strategy Scott Hart Jason Ment President & Co-COO David Park CFO GAAP consolidated statements of income GAAP net income was $53.1 million for the quarter and $101.2 million year-to-date. GAAP net income attributable to StepStone Group Inc. was $17.6 million (or $0.26 per share) for the quarter and $31.0 million (or $0.46 per share) year-to-date. | ...

StepStone Group Inc. (STEP) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.27%. A quarter ago, it was expected that this company would post earnings of $0.36 per share when it actually produced earnings of $0.48, delivering a surprise of 33.33%.Over the last four quarters, the comp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to ___________________________ | --- | --- | --- | --- | |----------------------------------------------------------------------------|------ ...

StepStone Group Inc. (STEP) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, STEP crossed above the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving aver ...