4,250 Shares in StepStone Group LP (NASDAQ:STEP) Bought by D.A. Davidson & CO.

D.A. Davidson & CO. acquired 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 filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,250 shares of the company's stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in STEP. State Street Corp lifted its stake in shares of StepStone Group by 12.4% in the third quarter. State Street Corp now owns 2,401,034 shares of the company's stock valued at $136,451,000 after buying an additional 265,240 shares in the last quarter. Geode Capital Management LLC lifted its position in StepStone Group by 17.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,457,690 shares of the company's stock valued at $82,856,000 after acquiring an additional 216,029 shares in the last quarter. FMR LLC lifted its position in StepStone Group by 3.7% in the 3rd quarter. FMR LLC now owns 3,999,819 shares of the company's stock valued at $227,310,000 after acquiring an additional 141,637 shares in the last quarter. Principal Financial Group Inc. boosted its stake in StepStone Group by 43.3% during the 3rd quarter. Principal Financial Group Inc. now owns 417,845 shares of the company's stock valued at $23,746,000 after purchasing an additional 126,315 shares during the last quarter. Finally, Barclays PLC increased its holdings in StepStone Group by 368.2% during the 3rd quarter. Barclays PLC now owns 112,019 shares of the company's stock worth $6,366,000 after purchasing an additional 88,095 shares in the last quarter. Institutional investors own 55.54% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on STEP shares. The Goldman Sachs Group boosted their target price on StepStone Group from $64.00 to $70.50 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th. Barclays increased their price target on shares of StepStone Group from $66.00 to $69.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Evercore ISI lifted their price objective on shares of StepStone Group from $63.00 to $69.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Morgan Stanley increased their target price on shares of 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 shares of StepStone Group from $81.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $69.21.

Insider Buying and Selling

In other StepStone Group news, CEO Scott W. Hart sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.43, for a total value of $614,300.00. Following the sale, the chief executive officer now directly owns 110,000 shares in the company, valued at $6,757,300. This represents a 8.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $33,894.00. Following the transaction, the chief accounting officer now owns 1,386 shares of the company's stock, valued at $87,318. This trade represents a 27.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,629 shares of company stock valued at $2,302,229. Corporate insiders own 18.44% of the company's stock.

StepStone Group Stock Up 3.3 %

STEP traded up $1.92 on Friday, hitting $60.16. The company's stock had a trading volume of 710,115 shares, compared to its average volume of 480,723. StepStone Group LP has a 12 month low of $32.58 and a 12 month high of $70.38. The firm has a market cap of $6.98 billion, a P/E ratio of -35.60 and a beta of 1.31. The company's 50 day simple moving average is $61.09 and its 200-day simple moving average is $59.93.

StepStone Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 dividend on an annualized basis and a dividend yield of 1.60%. StepStone Group's payout ratio is -56.80%.

StepStone Group Profile

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.