Public Employees Retirement System of Ohio Sells 26,752 Shares of StepStone Group LP (NASDAQ:STEP)

Public Employees Retirement System of Ohio lowered its position in StepStone Group LP (NASDAQ:STEP - Free Report) by 30.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,597 shares of the company's stock after selling 26,752 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of StepStone Group worth $3,501,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of StepStone Group by 291.1% during 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 in the last quarter. Blue Trust Inc. raised its holdings in StepStone Group by 1,586.3% during the third quarter. Blue Trust Inc. now owns 860 shares of the company's stock valued at $49,000 after buying an additional 809 shares in the last quarter. US Bancorp DE lifted its position in shares of StepStone Group by 442.7% in the third quarter. US Bancorp DE now owns 966 shares of the company's stock worth $55,000 after buying an additional 788 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of StepStone Group during the 3rd quarter worth about $63,000. Finally, CWM LLC boosted its stake in shares of StepStone Group by 190.4% during the 3rd quarter. CWM LLC now owns 1,185 shares of the company's stock worth $67,000 after acquiring an additional 777 shares in the last quarter. 55.54% of the stock is owned by institutional investors and hedge funds.

StepStone Group Stock Up 2.7 %

NASDAQ STEP traded up $1.69 during midday trading on Monday, hitting $63.64. The company had a trading volume of 758,940 shares, compared to its average volume of 582,322. The firm has a fifty day simple moving average of $62.83 and a two-hundred day simple moving average of $54.39. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 106.07 and a beta of 1.27. StepStone Group LP has a fifty-two week low of $28.58 and a fifty-two week high of $70.38.

StepStone Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 1.51%. StepStone Group's dividend payout ratio is 160.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on STEP shares. JPMorgan Chase & Co. boosted their target price on StepStone Group from $56.00 to $61.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. UBS Group boosted their price objective on shares of StepStone Group from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Barclays lowered their target price on shares of StepStone Group from $72.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Monday, December 9th. Evercore ISI boosted their target price on shares of StepStone Group from $52.00 to $55.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Finally, The Goldman Sachs Group raised their price target on StepStone Group from $64.00 to $70.50 and gave the company a "neutral" rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, StepStone Group has an average rating of "Hold" and a consensus target price of $66.64.

Insider Buying and Selling at StepStone Group

In other news, CEO Scott W. Hart sold 22,091 shares of StepStone Group 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 sale, the chief executive officer now directly owns 157,909 shares in the company, valued at approximately $9,986,165.16. The trade was a 12.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael I. Mccabe sold 4,000 shares of the company's stock in a transaction dated 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 approximately $44,108,653. The trade was a 0.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,820 shares of company stock valued at $1,908,856 in the last quarter. Corporate insiders own 18.44% of the company's stock.

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.