Proficio Capital Partners LLC bought a new position in shares of StepStone Group LP (NASDAQ:STEP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,264 shares of the company's stock, valued at approximately $941,000.
Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of StepStone Group by 368.2% in the 3rd quarter. Barclays PLC now owns 112,019 shares of the company's stock valued at $6,366,000 after purchasing an additional 88,095 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of StepStone Group by 4.9% during the fourth quarter. Principal Financial Group Inc. now owns 438,130 shares of the company's stock worth $25,359,000 after buying an additional 20,285 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of StepStone Group in the fourth quarter valued at approximately $388,000. Geode Capital Management LLC boosted its holdings in shares of StepStone Group by 17.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,457,690 shares of the company's stock worth $82,856,000 after acquiring an additional 216,029 shares in the last quarter. Finally, Stifel Financial Corp grew its position in StepStone Group by 28.7% during the 3rd quarter. Stifel Financial Corp now owns 41,916 shares of the company's stock worth $2,382,000 after acquiring an additional 9,357 shares during the last quarter. 55.54% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on STEP shares. Morgan Stanley boosted their price objective on StepStone Group from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their price target on shares of StepStone Group from $64.00 to $70.50 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. Oppenheimer raised their price objective on shares of StepStone Group from $81.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Barclays upped 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 report on Friday, February 7th. Finally, Evercore ISI raised their price target on shares of StepStone Group from $63.00 to $69.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, StepStone Group presently has an average rating of "Hold" and a consensus target price of $69.21.
Get Our Latest Analysis on STEP
StepStone Group Price Performance
Shares of STEP stock traded up $3.09 during trading hours on Tuesday, reaching $50.90. The company had a trading volume of 1,617,858 shares, compared to its average volume of 595,179. StepStone Group LP has a 1-year low of $32.58 and a 1-year high of $70.38. The company has a 50 day moving average of $60.42 and a 200 day moving average of $60.04. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of -30.12 and a beta of 1.33.
StepStone Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 1.89%. StepStone Group's payout ratio is currently -56.80%.
Insider Activity
In related 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 value of $614,300.00. Following the completion of the sale, the chief executive officer now 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Anthony Keathley sold 538 shares of the firm'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 sale, the chief accounting officer now directly owns 1,386 shares in the company, valued at $87,318. The trade was 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 company insiders.
StepStone Group Company Profile
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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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