Insider Selling: StepStone Group LP (NASDAQ:STEP) CAO Sells 729 Shares of Stock

StepStone Group LP (NASDAQ:STEP) CAO Anthony Keathley sold 729 shares of the firm’s stock in a transaction 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. The trade was a 25.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

StepStone Group Price Performance

Shares of StepStone Group stock opened at $65.00 on Friday. StepStone Group LP has a 1-year low of $25.06 and a 1-year high of $70.38. The company’s fifty day simple moving average is $59.47 and its 200-day simple moving average is $50.49. The stock has a market capitalization of $7.19 billion, a PE ratio of 108.33 and a beta of 1.27.

StepStone Group Announces Dividend

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 given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 1.48%. StepStone Group’s dividend payout ratio (DPR) is presently 160.00%.

Institutional Trading of StepStone Group

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in StepStone Group by 291.1% during the third quarter. GAMMA Investing LLC now owns 618 shares of the company’s stock valued at $35,000 after purchasing an additional 460 shares in the last quarter. Blue Trust Inc. raised its position in shares of StepStone Group by 1,586.3% during the 3rd quarter. Blue Trust Inc. now owns 860 shares of the company’s stock valued at $49,000 after purchasing an additional 809 shares during the period. US Bancorp DE lifted its stake in shares of StepStone Group by 442.7% during the 3rd quarter. US Bancorp DE now owns 966 shares of the company’s stock valued at $55,000 after buying an additional 788 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in StepStone Group in the 3rd quarter worth $63,000. Finally, CWM LLC increased its stake in 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 buying an additional 777 shares in the last quarter. Institutional investors own 55.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group increased their price objective on shares of StepStone Group from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Oppenheimer increased their price target on shares of StepStone Group from $56.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Evercore ISI increased 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. The Goldman Sachs Group lifted their target price on shares of StepStone Group from $51.50 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Finally, Barclays increased their price target on StepStone Group from $51.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, StepStone Group currently has a consensus rating of “Hold” and a consensus target price of $62.43.

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.