StepStone Group LP (NASDAQ:STEP) Receives $64.36 Consensus Price Target from Analysts

StepStone Group LP (NASDAQ:STEP - Get Free Report) has been assigned a consensus rating of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $64.36.

Several analysts have recently commented on the stock. Evercore ISI lifted their price target on shares of StepStone Group from $52.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Barclays lifted their target price on StepStone Group from $51.00 to $61.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. UBS Group increased their price target on StepStone Group from $55.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Morgan Stanley boosted their price objective on shares of StepStone Group from $60.00 to $65.00 and gave the company an "equal weight" rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group upped their target price on shares of StepStone Group from $64.00 to $70.50 and gave the company a "neutral" rating in a research report on Tuesday, November 19th.

StepStone Group Trading Down 0.5 %

StepStone Group stock traded down $0.36 during midday trading on Monday, hitting $66.69. 574,768 shares of the stock were exchanged, compared to its average volume of 571,882. The stock's 50-day simple moving average is $61.13 and its 200 day simple moving average is $51.90. StepStone Group has a fifty-two week low of $25.06 and a fifty-two week high of $70.38. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 111.15 and a beta of 1.27.

StepStone Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, November 29th. StepStone Group's dividend payout ratio is currently 160.00%.

Insider Transactions at StepStone Group

In other news, CAO Anthony Keathley sold 729 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $68.85, for a total transaction of $50,191.65. Following the sale, the chief accounting officer now owns 2,158 shares of the company's stock, valued at approximately $148,578.30. This represents a 25.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Y. Park sold 3,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $68.21, for a total value of $204,630.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Corporate insiders own 18.44% of the company's stock.

Hedge Funds Weigh In On StepStone Group

A number of institutional investors and hedge funds have recently made changes to their positions in STEP. GAMMA Investing LLC increased 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 buying an additional 460 shares during the last quarter. Blue Trust Inc. boosted its position in shares of StepStone Group by 1,586.3% during the 3rd quarter. Blue Trust Inc. now owns 860 shares of the company's stock worth $49,000 after acquiring an additional 809 shares in the last quarter. US Bancorp DE increased its holdings in shares of StepStone Group by 442.7% in the 3rd quarter. US Bancorp DE now owns 966 shares of the company's stock valued at $55,000 after acquiring an additional 788 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of StepStone Group during the 3rd quarter worth about $63,000. Finally, CWM LLC lifted its stake in StepStone Group by 190.4% during the third quarter. CWM LLC now owns 1,185 shares of the company's stock worth $67,000 after purchasing an additional 777 shares during the last quarter. 55.54% of the stock is owned by institutional investors and hedge funds.

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.