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

StepStone Group LP (NASDAQ:STEP - Get Free Report) CAO Anthony Keathley sold 538 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $63.00, for a total transaction of $33,894.00. Following the transaction, the chief accounting officer now owns 1,386 shares of the company's stock, valued at approximately $87,318. The trade was a 27.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

StepStone Group Stock Down 0.4 %

NASDAQ:STEP traded down $0.23 during trading hours on Tuesday, reaching $57.83. 696,848 shares of the company's stock were exchanged, compared to its average volume of 478,907. StepStone Group LP has a 1-year low of $32.58 and a 1-year high of $70.38. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of -34.22 and a beta of 1.31. The company has a 50-day moving average of $61.11 and a 200 day moving average of $59.75.

StepStone Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 1.66%. StepStone Group's dividend payout ratio (DPR) is -56.80%.

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Hedge Funds Weigh In On StepStone Group

Several institutional investors have recently added to or reduced their stakes in STEP. Steward Partners Investment Advisory LLC purchased a new position in shares of StepStone Group in the 4th quarter valued at approximately $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of StepStone Group during the fourth quarter worth $29,000. IFP Advisors Inc purchased a new position in StepStone Group in the 4th quarter valued at $36,000. Amundi increased its stake in StepStone Group by 26.7% in the 4th quarter. Amundi now owns 730 shares of the company's stock valued at $42,000 after buying an additional 154 shares during the period. Finally, Blue Trust Inc. raised its position in StepStone Group by 1,586.3% during the 3rd quarter. Blue Trust Inc. now owns 860 shares of the company's stock worth $49,000 after buying an additional 809 shares during the last quarter. Institutional investors and hedge funds own 55.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on STEP. Evercore ISI boosted their target price on StepStone Group from $63.00 to $69.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Oppenheimer boosted their price objective on shares of StepStone Group from $81.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Barclays upped their target price on shares of StepStone Group from $66.00 to $69.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. The Goldman Sachs Group lifted their price target on shares of StepStone Group from $64.00 to $70.50 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th. Finally, Morgan Stanley upped 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.