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

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

StepStone Group Stock Performance

StepStone Group stock traded down $2.14 during midday trading on Friday, hitting $58.59. 391,914 shares of the company’s stock were exchanged, compared to its average volume of 474,118. StepStone Group LP has a 52-week low of $32.58 and a 52-week high of $70.38. The stock has a 50-day moving average price of $61.22 and a two-hundred day moving average price of $59.47. The company has a market cap of $6.80 billion, a P/E ratio of -34.67 and a beta of 1.31.

StepStone Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, February 28th. StepStone Group’s payout ratio is currently -56.80%.

Hedge Funds Weigh In On StepStone Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Amundi boosted its holdings in shares of StepStone Group by 26.7% in the 4th quarter. Amundi now owns 730 shares of the company’s stock worth $42,000 after purchasing an additional 154 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of StepStone Group by 1.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 9,578 shares of the company’s stock worth $554,000 after purchasing an additional 157 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of StepStone Group by 25.5% in the 4th quarter. Blue Trust Inc. now owns 1,079 shares of the company’s stock worth $61,000 after purchasing an additional 219 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of StepStone Group by 36.6% in the 4th quarter. GAMMA Investing LLC now owns 844 shares of the company’s stock worth $49,000 after purchasing an additional 226 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of StepStone Group by 1.0% in the 4th quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the company’s stock worth $1,771,000 after purchasing an additional 300 shares in the last quarter. 55.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.