7,433 Shares in StepStone Group LP (NASDAQ:STEP) Purchased by L & S Advisors Inc

L & S Advisors Inc acquired a new position in StepStone Group LP (NASDAQ:STEP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,433 shares of the company's stock, valued at approximately $430,000.

Other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of StepStone Group during the fourth quarter valued at $27,000. Raleigh Capital Management Inc. bought a new stake in StepStone Group during the 4th quarter valued at about $29,000. IFP Advisors Inc purchased a new stake in StepStone Group in the 4th quarter valued at about $36,000. Amundi grew its stake in StepStone Group by 26.7% in the 4th 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 position in shares of StepStone Group by 36.6% during 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 period. Institutional investors own 55.54% of the company's stock.

Analyst Upgrades and Downgrades

STEP has been the subject of a number of research reports. Oppenheimer boosted their price target on StepStone Group from $81.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Evercore ISI raised their price target on StepStone Group from $63.00 to $69.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Finally, Barclays increased their target price on shares of StepStone Group from $66.00 to $69.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, StepStone Group has a consensus rating of "Hold" and a consensus price target of $69.21.

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StepStone Group Trading Down 11.9 %

Shares of STEP stock traded down $6.59 during mid-day trading on Thursday, reaching $49.02. The stock had a trading volume of 433,111 shares, compared to its average volume of 633,116. StepStone Group LP has a 1-year low of $33.92 and a 1-year high of $70.38. The business's fifty day moving average is $58.37 and its 200-day moving average is $60.08. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of -28.99 and a beta of 1.33.

StepStone Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 1.96%. StepStone Group's dividend payout ratio is presently -56.80%.

Insider Transactions at StepStone Group

In other news, CEO Scott W. Hart sold 10,000 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer now owns 110,000 shares of the company's stock, valued at $6,757,300. This represents a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anthony Keathley sold 538 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $63.00, for a total transaction of $33,894.00. Following the completion of the transaction, the chief accounting officer now directly owns 1,386 shares in the company, valued at approximately $87,318. This represents a 27.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.44% of the company's stock.

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.