Insider Selling: StepStone Group LP (NASDAQ:STEP) CAO Sells $33,894.00 in Stock

StepStone Group LP (NASDAQ:STEP) CAO Anthony Keathley sold 538 shares of StepStone Group stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $63.00, for a total value of $33,894.00. Following the completion of the sale, the chief accounting officer now directly owns 1,386 shares in the company, valued at $87,318. This represents a 27.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

StepStone Group Stock Down 3.5 %

Shares of StepStone Group stock opened at $58.59 on Monday. StepStone Group LP has a fifty-two week low of $32.58 and a fifty-two week high of $70.38. The business’s fifty day moving average is $61.22 and its two-hundred day moving average is $59.67. The firm has a market cap of $6.80 billion, a PE ratio of -34.67 and a beta of 1.31.

StepStone Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, February 28th. StepStone Group’s payout ratio is -56.80%.

Analysts Set New Price Targets

STEP has been the subject of a number of research analyst reports. Evercore ISI increased their target price on shares of StepStone Group from $63.00 to $69.00 and gave the company an “outperform” rating in a report on Monday, February 10th. The Goldman Sachs Group boosted their price objective on shares of StepStone Group from $64.00 to $70.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Barclays upped their target price on StepStone Group from $66.00 to $69.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Oppenheimer raised their price target on StepStone Group from $81.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Morgan Stanley upped their price objective on StepStone Group from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.21.

Institutional Trading of StepStone Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi lifted its holdings in shares of StepStone Group by 26.7% during the 4th quarter. Amundi now owns 730 shares of the company’s stock worth $42,000 after acquiring an additional 154 shares during the period. Mutual of America Capital Management LLC raised its stake in StepStone Group by 1.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 9,578 shares of the company’s stock worth $554,000 after purchasing an additional 157 shares during the period. Blue Trust Inc. raised its stake in StepStone Group by 25.5% during the fourth quarter. Blue Trust Inc. now owns 1,079 shares of the company’s stock worth $61,000 after purchasing an additional 219 shares during the period. GAMMA Investing LLC grew its stake in shares of StepStone Group by 36.6% during the 4th quarter. GAMMA Investing LLC now owns 844 shares of the company’s stock valued at $49,000 after buying an additional 226 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in shares of StepStone Group by 1.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the company’s stock worth $1,771,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 55.54% of the company’s stock.

StepStone Group Company Profile

StepStone Group Inc is a private equity and venture capital firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies.