StepStone Group LP (NASDAQ:STEP) CAO Sells $50,191.65 in Stock

StepStone Group LP (NASDAQ:STEPGet Free Report) CAO Anthony Keathley sold 729 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $68.85, for a total transaction of $50,191.65. Following the sale, the chief accounting officer now directly owns 2,158 shares of the company’s stock, valued at approximately $148,578.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

StepStone Group Stock Performance

Shares of NASDAQ STEP traded down $3.91 during mid-day trading on Wednesday, hitting $64.12. The stock had a trading volume of 730,742 shares, compared to its average volume of 575,807. StepStone Group LP has a 1 year low of $25.06 and a 1 year high of $70.38. The business has a 50 day moving average price of $58.78 and a two-hundred day moving average price of $50.09. The firm has a market cap of $7.09 billion, a P/E ratio of 110.19 and a beta of 1.27.

StepStone Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given 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 is currently 160.00%.

Analysts Set New Price Targets

Several brokerages recently issued reports on STEP. Evercore ISI boosted their price target on StepStone Group from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Barclays lifted their target price on StepStone Group from $51.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. The Goldman Sachs Group lifted 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. JPMorgan Chase & Co. raised their price objective on StepStone Group from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, UBS Group increased their price target on StepStone Group from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.71.

Get Our Latest Stock Analysis on STEP

Institutional Investors Weigh In On StepStone Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. ProShare Advisors LLC increased its position in shares of StepStone Group by 10.8% in the first quarter. ProShare Advisors LLC now owns 9,898 shares of the company’s stock worth $354,000 after acquiring an additional 963 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of StepStone Group by 1.0% during the 1st quarter. William Blair Investment Management LLC now owns 608,829 shares of the company’s stock worth $21,760,000 after buying an additional 6,052 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of StepStone Group by 19.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,359 shares of the company’s stock valued at $656,000 after purchasing an additional 2,950 shares during the last quarter. American International Group Inc. boosted its holdings in shares of StepStone Group by 1.2% in the 1st quarter. American International Group Inc. now owns 27,152 shares of the company’s stock valued at $970,000 after purchasing an additional 322 shares in the last quarter. Finally, MQS Management LLC acquired a new position in StepStone Group during the 1st quarter worth about $243,000. 55.54% of the stock is currently owned by institutional investors and hedge funds.

About StepStone Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for StepStone Group (NASDAQ:STEP)

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