National Bank of Canada FI Has $6.71 Million Holdings in StepStone Group LP (NASDAQ:STEP)

National Bank of Canada FI raised its stake in StepStone Group LP (NASDAQ:STEP - Free Report) by 8.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 118,134 shares of the company's stock after buying an additional 9,639 shares during the quarter. National Bank of Canada FI owned approximately 0.11% of StepStone Group worth $6,713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in StepStone Group by 291.1% in the 3rd quarter. GAMMA Investing LLC now owns 618 shares of the company's stock valued at $35,000 after purchasing an additional 460 shares during the last quarter. KBC Group NV grew its holdings in StepStone Group by 35.7% in the 3rd quarter. KBC Group NV now owns 1,840 shares of the company's stock worth $105,000 after buying an additional 484 shares in the last quarter. CWM LLC increased its position in StepStone Group by 190.4% in the 3rd quarter. CWM LLC now owns 1,185 shares of the company's stock valued at $67,000 after acquiring an additional 777 shares during the period. US Bancorp DE raised its stake in StepStone Group by 442.7% during the 3rd quarter. US Bancorp DE now owns 966 shares of the company's stock valued at $55,000 after acquiring an additional 788 shares in the last quarter. Finally, Blue Trust Inc. boosted 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 acquiring an additional 809 shares during the period. Institutional investors and hedge funds own 55.54% of the company's stock.

StepStone Group Stock Up 0.1 %

Shares of StepStone Group stock traded up $0.05 on Thursday, hitting $62.01. 604,283 shares of the company traded hands, compared to its average volume of 581,244. StepStone Group LP has a 12-month low of $26.49 and a 12-month high of $70.38. The company has a 50-day moving average price of $62.69 and a 200 day moving average price of $53.92. The company has a market cap of $7.14 billion, a PE ratio of 101.25 and a beta of 1.27.

StepStone Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.24 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.55%. StepStone Group's dividend payout ratio is currently 160.00%.

Insiders Place Their Bets

In other news, CEO Scott W. Hart sold 22,091 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $63.24, for a total transaction of $1,397,034.84. Following the completion of the transaction, the chief executive officer now owns 157,909 shares of the company's stock, valued at approximately $9,986,165.16. This represents a 12.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael I. Mccabe sold 4,000 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $64.25, for a total transaction of $257,000.00. Following the completion of the sale, the insider now directly owns 686,516 shares in the company, valued at $44,108,653. This trade represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,820 shares of company stock valued at $1,908,856 over the last ninety days. Corporate insiders own 18.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lifted 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. JPMorgan Chase & Co. upped their price target on shares of StepStone Group from $56.00 to $61.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. Evercore ISI lifted their price target on StepStone Group from $52.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Barclays reduced their target price on shares of StepStone Group from $72.00 to $66.00 and set an "equal weight" rating for the company in a report on Monday. Finally, The Goldman Sachs Group upped their price objective on shares of StepStone Group from $64.00 to $70.50 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, StepStone Group currently has an average rating of "Hold" and an average price target of $66.64.

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.