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

StepStone Group LP (NASDAQ:STEP) CAO Anthony Keathley sold 729 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $68.85, for a total value of $50,191.65. Following the transaction, the chief accounting officer now owns 2,158 shares of the company’s stock, valued at $148,578.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

StepStone Group Stock Performance

STEP opened at $64.12 on Thursday. StepStone Group LP has a one year low of $25.06 and a one year high of $70.38. The stock’s fifty day moving average is $58.98 and its 200-day moving average is $50.19. The company has a market capitalization of $7.09 billion, a PE ratio of 106.87 and a beta of 1.27.

StepStone Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, November 29th. StepStone Group’s payout ratio is 160.00%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on StepStone Group from $51.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Evercore ISI boosted their price objective on StepStone Group from $52.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. boosted 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. UBS Group lifted their target price on StepStone Group from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Oppenheimer lifted their target price on StepStone Group from $56.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.71.

Hedge Funds Weigh In On StepStone Group

A number of hedge funds have recently modified their holdings of the stock. American International Group Inc. grew 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 worth $970,000 after acquiring an additional 322 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of StepStone Group by 291.1% in the 3rd quarter. GAMMA Investing LLC now owns 618 shares of the company’s stock worth $35,000 after acquiring an additional 460 shares during the last quarter. KBC Group NV grew its holdings in shares of StepStone Group by 35.7% in the 3rd quarter. KBC Group NV now owns 1,840 shares of the company’s stock worth $105,000 after acquiring an additional 484 shares during the last quarter. CWM LLC grew its holdings in shares of StepStone Group by 190.4% in the 3rd quarter. CWM LLC now owns 1,185 shares of the company’s stock worth $67,000 after acquiring an additional 777 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of StepStone Group by 442.7% in the 3rd quarter. US Bancorp DE now owns 966 shares of the company’s stock worth $55,000 after acquiring an additional 788 shares during the last quarter. 55.54% of the stock is currently owned by institutional investors and hedge funds.

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.