StepStone Group LP (NASDAQ:STEP) CAO Anthony Keathley Sells 729 Shares

StepStone Group LP (NASDAQ:STEP) CAO Anthony Keathley sold 729 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $68.85, for a total value of $50,191.65. Following the completion of the transaction, the chief accounting officer now owns 2,158 shares in the company, valued at approximately $148,578.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

StepStone Group Stock Down 5.7 %

Shares of NASDAQ STEP opened at $64.12 on Thursday. StepStone Group LP has a fifty-two week low of $25.06 and a fifty-two week high of $70.38. The business has a 50 day moving average price of $58.98 and a two-hundred day moving average price of $50.19. The firm has a market cap of $7.09 billion, a PE ratio of 106.87 and a beta of 1.27.

StepStone Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.50%. StepStone Group’s dividend payout ratio (DPR) is presently 160.00%.

Analyst Ratings Changes

STEP has been the topic of a number of research reports. Morgan Stanley raised their price objective on StepStone Group from $52.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Oppenheimer raised their price objective on StepStone Group from $56.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on StepStone Group from $56.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. The Goldman Sachs Group raised their target price on StepStone Group from $51.50 to $57.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Finally, UBS Group raised their target price on StepStone Group from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.71.

Institutional Investors Weigh In On StepStone Group

A number of hedge funds have recently bought and sold shares of the business. Public Sector Pension Investment Board grew its stake in StepStone Group by 16.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 132,888 shares of the company’s stock valued at $7,552,000 after purchasing an additional 18,403 shares in the last quarter. FORA Capital LLC acquired a new position in shares of StepStone Group in the 3rd quarter worth approximately $717,000. MetLife Investment Management LLC grew its position in shares of StepStone Group by 15.8% in the 3rd quarter. MetLife Investment Management LLC now owns 35,418 shares of the company’s stock worth $2,013,000 after acquiring an additional 4,825 shares in the last quarter. FMR LLC grew its position in shares of StepStone Group by 3.7% in the 3rd quarter. FMR LLC now owns 3,999,819 shares of the company’s stock worth $227,310,000 after acquiring an additional 141,637 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of StepStone Group by 3.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 33,223 shares of the company’s stock worth $1,888,000 after acquiring an additional 1,155 shares in the last quarter. Institutional investors and hedge funds 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.