StepStone Group LP (NASDAQ:STEP) CAO Anthony Keathley Sells 538 Shares

StepStone Group LP (NASDAQ:STEP) CAO Anthony Keathley sold 538 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $63.00, for a total transaction of $33,894.00. Following the completion of the transaction, the chief accounting officer now directly owns 1,386 shares in the company, valued at approximately $87,318. This represents a 27.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

StepStone Group Stock Down 3.5 %

STEP stock opened at $58.59 on Monday. The stock’s 50 day moving average is $61.22 and its two-hundred day moving average is $59.67. StepStone Group LP has a 52-week low of $32.58 and a 52-week high of $70.38. The company has a market capitalization of $6.80 billion, a PE ratio of -34.67 and a beta of 1.31.

StepStone Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.24 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.64%. StepStone Group’s dividend payout ratio (DPR) is presently -56.80%.

Analysts Set New Price Targets

Several research analysts have commented on STEP shares. Oppenheimer raised their price objective on StepStone Group from $81.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Barclays raised their target price on StepStone Group from $66.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Evercore ISI upped their price target on StepStone Group from $63.00 to $69.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Morgan Stanley lifted their price objective on shares of StepStone Group from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group upped their target price on shares of StepStone Group from $64.00 to $70.50 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.21.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new stake in shares of StepStone Group in the 4th quarter worth about $27,000. Raleigh Capital Management Inc. acquired a new position in StepStone Group in the fourth quarter worth about $29,000. IFP Advisors Inc bought a new stake in StepStone Group in the fourth quarter valued at about $36,000. Amundi raised its stake in StepStone Group by 26.7% during the fourth quarter. Amundi now owns 730 shares of the company’s stock valued at $42,000 after buying an additional 154 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in StepStone Group by 36.6% during the 4th quarter. GAMMA Investing LLC now owns 844 shares of the company’s stock worth $49,000 after buying an additional 226 shares during the last quarter. 55.54% of the stock is currently owned by 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.