Swiss National Bank Grows Stake in StepStone Group LP (NASDAQ:STEP)

Swiss National Bank lifted its stake in shares of StepStone Group LP (NASDAQ:STEP - Free Report) by 12.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 126,900 shares of the company's stock after buying an additional 14,100 shares during the quarter. Swiss National Bank owned about 0.11% of StepStone Group worth $7,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Amundi increased its stake in shares of StepStone Group by 26.7% in the 4th quarter. Amundi now owns 730 shares of the company's stock worth $42,000 after acquiring an additional 154 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of StepStone Group by 1.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 9,578 shares of the company's stock valued at $554,000 after purchasing an additional 157 shares in the last quarter. Blue Trust Inc. boosted its position in shares of StepStone Group by 25.5% in the 4th quarter. Blue Trust Inc. now owns 1,079 shares of the company's stock worth $61,000 after purchasing an additional 219 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of StepStone Group by 36.6% in the 4th quarter. GAMMA Investing LLC now owns 844 shares of the company's stock worth $49,000 after purchasing an additional 226 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of StepStone Group by 1.0% in the 4th quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the company's stock worth $1,771,000 after buying an additional 300 shares during the last quarter. 55.54% of the stock is owned by institutional investors.

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StepStone Group Stock Performance

Shares of STEP stock traded down $1.83 on Wednesday, reaching $55.33. The stock had a trading volume of 301,258 shares, compared to its average volume of 613,814. The stock has a market cap of $6.42 billion, a P/E ratio of -32.74 and a beta of 1.33. StepStone Group LP has a 1 year low of $33.90 and a 1 year high of $70.38. The company has a 50 day simple moving average of $59.34 and a 200 day simple moving average of $60.06.

StepStone Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, February 28th. StepStone Group's payout ratio is -56.80%.

Analysts Set New Price Targets

Several equities research analysts have commented on STEP shares. Evercore ISI boosted their target price on StepStone Group from $63.00 to $69.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. 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 note on Friday, February 7th. Finally, 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 note on Friday, February 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $69.21.

Insider Activity at StepStone Group

In other StepStone Group news, CEO Scott W. Hart sold 10,000 shares of the company's stock in a transaction dated 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 $6,757,300. This represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Anthony Keathley sold 538 shares of StepStone Group 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 transaction, the chief accounting officer now directly owns 1,386 shares in the company, valued at approximately $87,318. The trade was a 27.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.44% of the stock is currently owned by company insiders.

StepStone Group 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.