StepStone Group LP (NASDAQ:STEP - Get Free Report) has been assigned an average rating of "Hold" from the seven research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $69.21.
Several brokerages have commented on STEP. Evercore ISI increased their target price on StepStone Group from $63.00 to $69.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. The Goldman Sachs Group raised their price target on StepStone Group from $64.00 to $70.50 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th. Oppenheimer raised their price target on StepStone Group from $81.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Morgan Stanley raised their price target 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. Finally, Barclays raised their target price on StepStone Group from $66.00 to $69.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th.
View Our Latest Report on StepStone Group
Insider Buying and Selling at StepStone Group
In other StepStone Group news, CEO Scott W. Hart sold 10,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.43, for a total transaction of $614,300.00. Following the sale, the chief executive officer now directly owns 110,000 shares of the company's stock, valued at $6,757,300. This trade represents a 8.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anthony Keathley sold 538 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were 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 approximately $87,318. This represents 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.
Institutional Investors Weigh In On StepStone Group
Several large investors have recently made changes to their positions in the company. Mackenzie Financial Corp bought a new stake in shares of StepStone Group in the fourth quarter worth about $237,000. Neo Ivy Capital Management bought a new stake in shares of StepStone Group in the fourth quarter worth about $65,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of StepStone Group by 68.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,920 shares of the company's stock worth $9,083,000 after purchasing an additional 63,573 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of StepStone Group in the fourth quarter worth about $5,980,000. Finally, Squarepoint Ops LLC bought a new stake in shares of StepStone Group in the fourth quarter worth about $543,000. 55.54% of the stock is owned by institutional investors.
StepStone Group Trading Down 2.8 %
STEP traded down $1.53 during trading on Wednesday, hitting $52.26. 841,787 shares of the company's stock traded hands, compared to its average volume of 589,185. The company's 50 day simple moving average is $60.79 and its two-hundred day simple moving average is $59.99. StepStone Group has a 12-month low of $32.58 and a 12-month high of $70.38. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of -30.92 and a beta of 1.33.
StepStone Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 1.84%. StepStone Group's dividend payout ratio is presently -56.80%.
About StepStone Group
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Get Free ReportStepStone 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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