StepStone Group LP (NASDAQ:STEP) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its holdings in StepStone Group LP (NASDAQ:STEP - Free Report) by 40.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,815 shares of the company's stock after selling 80,618 shares during the period. Segall Bryant & Hamill LLC owned 0.11% of StepStone Group worth $6,809,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in STEP. GAMMA Investing LLC lifted its holdings in StepStone Group by 291.1% in the third quarter. GAMMA Investing LLC now owns 618 shares of the company's stock valued at $35,000 after acquiring an additional 460 shares during the last quarter. Blue Trust Inc. raised its position in StepStone Group by 1,586.3% in the third quarter. Blue Trust Inc. now owns 860 shares of the company's stock valued at $49,000 after purchasing an additional 809 shares during the period. US Bancorp DE raised its position in StepStone Group by 442.7% in the third quarter. US Bancorp DE now owns 966 shares of the company's stock valued at $55,000 after purchasing an additional 788 shares during the period. CWM LLC raised its position in StepStone Group by 190.4% in the third quarter. CWM LLC now owns 1,185 shares of the company's stock valued at $67,000 after purchasing an additional 777 shares during the period. Finally, KBC Group NV raised its position in StepStone Group by 35.7% in the third quarter. KBC Group NV now owns 1,840 shares of the company's stock valued at $105,000 after purchasing an additional 484 shares during the period. 55.54% of the stock is currently owned by institutional investors and hedge funds.

StepStone Group Stock Performance

Shares of StepStone Group stock traded up $1.04 during trading hours on Friday, reaching $67.05. 284,435 shares of the company were exchanged, compared to its average volume of 571,870. StepStone Group LP has a 1 year low of $25.06 and a 1 year high of $70.38. The stock's fifty day moving average is $60.86 and its 200 day moving average is $51.50. The firm has a market cap of $7.72 billion, a PE ratio of 111.75 and a beta of 1.27.

StepStone Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.43%. StepStone Group's payout ratio is currently 160.00%.

Insider Buying and Selling

In related news, CFO David Y. Park sold 3,000 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $68.21, for a total transaction of $204,630.00. Following the completion of the transaction, the chief financial officer now owns 20,251 shares in the company, valued at approximately $1,381,320.71. The trade was a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anthony Keathley sold 729 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $68.85, for a total transaction of $50,191.65. Following the completion of the transaction, the chief accounting officer now owns 2,158 shares of the company's stock, valued at $148,578.30. This represents a 25.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on STEP shares. Morgan Stanley boosted their target price on StepStone Group from $60.00 to $65.00 and gave the company an "equal weight" rating in a research report on Thursday, November 14th. Evercore ISI boosted their target price on StepStone Group from $52.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. UBS Group boosted their target price on StepStone Group from $55.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group boosted their target price on StepStone Group from $64.00 to $70.50 and gave the company a "neutral" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on StepStone Group from $56.00 to $61.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $64.36.

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.