StepStone Group LP (NASDAQ:STEP) Insider Michael I. Mccabe Sells 4,000 Shares

StepStone Group LP (NASDAQ:STEP) insider Michael I. Mccabe sold 4,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $64.25, for a total value of $257,000.00. Following the completion of the sale, the insider now owns 686,516 shares of the company’s stock, valued at approximately $44,108,653. This trade represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

StepStone Group Stock Performance

Shares of NASDAQ:STEP opened at $62.96 on Thursday. The business’s fifty day moving average price is $62.36 and its two-hundred day moving average price is $53.13. The stock has a market cap of $7.25 billion, a PE ratio of 104.94 and a beta of 1.27. StepStone Group LP has a one year low of $25.06 and a one year high of $70.38.

StepStone Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, November 29th. StepStone Group’s dividend payout ratio (DPR) is currently 160.00%.

Analysts Set New Price Targets

Several analysts recently commented on STEP shares. The Goldman Sachs Group raised their target price on StepStone Group from $64.00 to $70.50 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. 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 research report on Tuesday, October 1st. Barclays raised their target price 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. UBS Group lifted their price objective on StepStone Group from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI lifted their target price on StepStone Group from $52.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, October 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 data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $64.36.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in StepStone Group by 291.1% in the 3rd quarter. GAMMA Investing LLC now owns 618 shares of the company’s stock valued at $35,000 after buying an additional 460 shares during the last quarter. Blue Trust Inc. raised its stake in StepStone Group by 1,586.3% during the third quarter. Blue Trust Inc. now owns 860 shares of the company’s stock worth $49,000 after acquiring an additional 809 shares during the period. US Bancorp DE lifted 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 purchasing an additional 788 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in StepStone Group in the third quarter valued at $63,000. Finally, CWM LLC boosted its stake in StepStone Group by 190.4% during the 3rd quarter. CWM LLC now owns 1,185 shares of the company’s stock valued at $67,000 after purchasing an additional 777 shares during the period. 55.54% of the stock is owned by hedge funds and other institutional investors.

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.