Quantbot Technologies LP purchased a new position in StepStone Group LP (NASDAQ:STEP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 64,385 shares of the company's stock, valued at approximately $3,727,000. Quantbot Technologies LP owned about 0.06% of StepStone Group as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Summit Global Investments purchased a new position in shares of StepStone Group in the 4th quarter worth $547,000. Harvest Fund Management Co. Ltd grew its position in StepStone Group by 246.3% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,840 shares of the company's stock worth $222,000 after acquiring an additional 2,731 shares in the last quarter. Xponance Inc. increased its stake in StepStone Group by 15.2% during the fourth quarter. Xponance Inc. now owns 4,650 shares of the company's stock worth $269,000 after acquiring an additional 612 shares during the last quarter. William Blair Investment Management LLC raised its position in StepStone Group by 16.5% during the fourth quarter. William Blair Investment Management LLC now owns 491,183 shares of the company's stock valued at $28,430,000 after purchasing an additional 69,513 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in StepStone Group during the fourth quarter valued at approximately $355,000. Institutional investors own 55.54% of the company's stock.
StepStone Group Stock Performance
STEP stock traded up $0.62 during midday trading on Tuesday, reaching $57.16. The company's stock had a trading volume of 520,110 shares, compared to its average volume of 615,132. StepStone Group LP has a 1 year low of $33.90 and a 1 year high of $70.38. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of -33.82 and a beta of 1.33. The stock has a fifty day simple moving average of $59.34 and a two-hundred day simple moving average of $60.06.
StepStone Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 1.68%. StepStone Group's dividend payout ratio (DPR) is -56.80%.
Insiders Place Their Bets
In related news, CEO Scott W. Hart sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was 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 approximately $6,757,300. The trade was a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the chief accounting officer now owns 1,386 shares in the company, valued at $87,318. The trade was a 27.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.44% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Evercore ISI boosted their target price on StepStone Group from $63.00 to $69.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Oppenheimer lifted their price objective on shares of StepStone Group from $81.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Barclays increased their target price on shares of StepStone Group from $66.00 to $69.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $69.21.
Read Our Latest Research Report on StepStone Group
About StepStone Group
(
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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