Cibc World Markets Corp purchased a new stake in shares of StepStone Group LP (NASDAQ:STEP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,142 shares of the company's stock, valued at approximately $355,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STEP. Steward Partners Investment Advisory LLC purchased a new position in StepStone Group during the fourth quarter valued at $27,000. Raleigh Capital Management Inc. purchased a new stake in StepStone Group during the 4th quarter worth approximately $29,000. IFP Advisors Inc acquired a new position in shares of StepStone Group during the fourth quarter valued at approximately $36,000. Amundi lifted its position in shares of StepStone Group by 26.7% in the fourth quarter. Amundi now owns 730 shares of the company's stock valued at $42,000 after acquiring an additional 154 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of StepStone Group by 36.6% in the fourth quarter. GAMMA Investing LLC now owns 844 shares of the company's stock worth $49,000 after acquiring an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 55.54% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of StepStone Group from $81.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Barclays raised their target price on shares of StepStone Group from $66.00 to $69.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Finally, Evercore ISI upped 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $69.21.
Check Out Our Latest Analysis on STEP
Insiders Place Their Bets
In related news, CEO Scott W. Hart sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.43, for a total transaction of $614,300.00. Following the sale, the chief executive officer now directly owns 110,000 shares of the company's stock, valued at $6,757,300. This represents a 8.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $33,894.00. Following the transaction, the chief accounting officer now directly owns 1,386 shares of the company's stock, valued at $87,318. The trade was a 27.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.44% of the stock is owned by insiders.
StepStone Group Stock Performance
Shares of StepStone Group stock traded up $0.62 during trading hours on Tuesday, hitting $57.16. The company's stock had a trading volume of 520,110 shares, compared to its average volume of 613,658. The firm has a fifty day moving average of $59.37 and a 200-day moving average of $60.02. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of -33.82 and a beta of 1.33. StepStone Group LP has a twelve month low of $33.90 and a twelve month high of $70.38.
StepStone Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.68%. StepStone Group's payout ratio is currently -56.80%.
StepStone Group Company Profile
(
Free Report)
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.
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