StepStone Group LP (NASDAQ:STEP) Receives Consensus Rating of "Hold" from Analysts

Shares of StepStone Group LP (NASDAQ:STEP - Get Free Report) have received an average rating of "Hold" from the seven research firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $69.21.

Several research firms have recently weighed in on STEP. Evercore ISI increased their price objective 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 raised their price target on shares of StepStone Group from $81.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Barclays upped their price objective on shares of StepStone Group from $66.00 to $69.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th.

Insider Buying and Selling at StepStone Group

In other news, CEO Scott W. Hart sold 10,000 shares of StepStone Group stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anthony Keathley sold 538 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 18.44% of the company's stock.

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Hedge Funds Weigh In On StepStone Group

Several institutional investors have recently bought and sold shares of STEP. Charles Schwab Investment Management Inc. raised its holdings in shares of StepStone Group by 16.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 596,851 shares of the company's stock valued at $33,919,000 after buying an additional 84,762 shares during the last quarter. Citigroup Inc. raised its stake in shares of StepStone Group by 129.7% in the third quarter. Citigroup Inc. now owns 81,414 shares of the company's stock worth $4,627,000 after acquiring an additional 45,974 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of StepStone Group by 3.6% during the third quarter. The Manufacturers Life Insurance Company now owns 33,223 shares of the company's stock worth $1,888,000 after purchasing an additional 1,155 shares in the last quarter. FMR LLC grew its stake in shares of StepStone Group by 3.7% during the third quarter. FMR LLC now owns 3,999,819 shares of the company's stock valued at $227,310,000 after purchasing an additional 141,637 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of StepStone Group by 15.8% in the third quarter. MetLife Investment Management LLC now owns 35,418 shares of the company's stock valued at $2,013,000 after purchasing an additional 4,825 shares in the last quarter. Institutional investors own 55.54% of the company's stock.

StepStone Group Price Performance

NASDAQ:STEP traded down $6.69 during midday trading on Friday, reaching $48.92. The stock had a trading volume of 168,491 shares, compared to its average volume of 632,007. The stock has a market capitalization of $5.67 billion, a P/E ratio of -28.95 and a beta of 1.33. StepStone Group has a 1-year low of $33.92 and a 1-year high of $70.38. The firm's fifty day simple moving average is $58.37 and its 200-day simple moving average is $60.08.

StepStone Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.24 per share. 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 (DPR) is presently -56.80%.

StepStone Group Company 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.