StepStone Group LP (NASDAQ:STEP) Position Lessened by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its stake in shares of StepStone Group LP (NASDAQ:STEP) by 40.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,815 shares of the company’s stock after selling 80,618 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.11% of StepStone Group worth $6,809,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of StepStone Group by 150.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 850,463 shares of the company’s stock worth $30,396,000 after acquiring an additional 510,283 shares during the period. Principal Financial Group Inc. increased its stake in shares of StepStone Group by 991.1% in the second quarter. Principal Financial Group Inc. now owns 291,530 shares of the company’s stock valued at $13,378,000 after purchasing an additional 264,811 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of StepStone Group by 25.3% during the second quarter. Bank of New York Mellon Corp now owns 1,115,384 shares of the company’s stock valued at $51,185,000 after buying an additional 225,201 shares during the last quarter. Public Sector Pension Investment Board acquired a new position in shares of StepStone Group during the second quarter worth approximately $5,254,000. Finally, Thrivent Financial for Lutherans grew its holdings in StepStone Group by 333.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 126,617 shares of the company’s stock worth $5,810,000 after buying an additional 97,401 shares in the last quarter. 55.54% of the stock is owned by institutional investors and hedge funds.

StepStone Group Trading Up 1.6 %

NASDAQ STEP opened at $66.27 on Friday. StepStone Group LP has a 1 year low of $25.06 and a 1 year high of $70.38. The company has a market cap of $7.63 billion, a PE ratio of 110.44 and a beta of 1.27. The stock’s 50-day moving average price is $60.55 and its two-hundred day moving average price is $51.30.

StepStone Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, November 29th. StepStone Group’s dividend payout ratio is 160.00%.

Insiders Place Their Bets

In other news, CAO Anthony Keathley sold 729 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $68.85, for a total value of $50,191.65. Following the completion of the sale, the chief accounting officer now directly owns 2,158 shares of the company’s stock, valued at $148,578.30. This represents a 25.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Y. Park sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $68.21, for a total transaction of $204,630.00. Following the transaction, the chief financial officer now directly owns 20,251 shares in the company, valued at $1,381,320.71. The trade was a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on STEP shares. The Goldman Sachs Group raised their price target on StepStone Group from $64.00 to $70.50 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley upped their price target on shares of StepStone Group from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. Oppenheimer raised their price objective on shares of StepStone Group from $56.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Evercore ISI upped their target price on StepStone Group from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their price target on StepStone Group from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, StepStone Group currently has a consensus rating of “Hold” and an average price target of $64.36.

About StepStone Group

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.