Jump Financial LLC Takes $5.89 Million Position in StepStone Group LP (NASDAQ:STEP)

Jump Financial LLC purchased a new stake in shares of StepStone Group LP (NASDAQ:STEP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 101,752 shares of the company's stock, valued at approximately $5,889,000. Jump Financial LLC owned approximately 0.09% of StepStone Group as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new position in StepStone Group in the 4th quarter worth about $27,000. Raleigh Capital Management Inc. bought a new position in StepStone Group during the fourth quarter valued at approximately $29,000. IFP Advisors Inc acquired a new stake in StepStone Group in the fourth quarter valued at approximately $36,000. Amundi grew its position in StepStone Group by 26.7% in the fourth quarter. Amundi now owns 730 shares of the company's stock worth $42,000 after acquiring an additional 154 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of StepStone Group by 36.6% during the 4th quarter. GAMMA Investing LLC now owns 844 shares of the company's stock worth $49,000 after purchasing an additional 226 shares during the last quarter. 55.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other StepStone Group news, CEO Scott W. Hart sold 10,000 shares of the firm's stock in a transaction 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 trade represents a 8.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Anthony Keathley sold 538 shares of the company's stock in a transaction dated 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 directly owns 1,386 shares of the company's stock, valued at $87,318. This represents a 27.96 % decrease in their position. The disclosure for this sale can be found here. 18.44% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on STEP. Barclays decreased their price objective on shares of StepStone Group from $69.00 to $48.00 and set an "equal weight" rating for the company in a report on Monday, April 7th. Evercore ISI upped their price target 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 set a $67.00 price objective on StepStone Group and gave the company an "outperform" rating in a research note on Wednesday. Finally, Morgan Stanley reduced their target price on StepStone Group from $66.00 to $51.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $61.64.

StepStone Group Trading Down 4.3 %

NASDAQ:STEP traded down $2.01 during mid-day trading on Monday, hitting $45.05. 29,838 shares of the company's stock traded hands, compared to its average volume of 658,065. The firm has a 50 day moving average of $53.50 and a two-hundred day moving average of $59.04. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of -26.66 and a beta of 1.36. StepStone Group LP has a 12 month low of $34.91 and a 12 month high of $70.38.

StepStone Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 2.13%. StepStone Group's payout ratio is -56.80%.

StepStone Group Company 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.