StepStone Group LP (NASDAQ:STEP) Stock Holdings Increased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lifted its stake in shares of StepStone Group LP (NASDAQ:STEP - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,902,366 shares of the company's stock after acquiring an additional 14,888 shares during the period. T. Rowe Price Investment Management Inc. owned 1.65% of StepStone Group worth $110,109,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Barclays PLC grew its position in StepStone Group by 368.2% in the 3rd quarter. Barclays PLC now owns 112,019 shares of the company's stock valued at $6,366,000 after acquiring an additional 88,095 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of StepStone Group during the fourth quarter worth about $388,000. Cibc World Markets Corp purchased a new stake in StepStone Group in the fourth quarter valued at approximately $355,000. Proficio Capital Partners LLC purchased a new position in StepStone Group during the 4th quarter worth $941,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in StepStone Group in the 4th quarter valued at about $331,000. Hedge funds and other institutional investors own 55.54% of the company's stock.

Insiders Place Their Bets

In other StepStone Group news, CEO Scott W. Hart sold 10,000 shares of StepStone Group stock in a transaction 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 transaction, the chief executive officer now owns 110,000 shares in the company, valued at $6,757,300. This trade represents a 8.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anthony Keathley sold 538 shares of the firm's stock in a transaction dated 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 owns 1,386 shares in the company, valued at approximately $87,318. This trade represents 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 owned by corporate insiders.

StepStone Group Trading Up 0.0 %

Shares of STEP stock traded up $0.03 during mid-day trading on Tuesday, reaching $50.26. The stock had a trading volume of 259,292 shares, compared to its average volume of 661,929. The company has a market cap of $5.83 billion, a P/E ratio of -29.74 and a beta of 1.36. The business has a 50-day simple moving average of $51.87 and a 200 day simple moving average of $58.55. StepStone Group LP has a 12-month low of $35.25 and a 12-month high of $70.38.

StepStone Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 1.91%. StepStone Group's dividend payout ratio is currently -56.80%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on STEP shares. Oppenheimer set a $67.00 price objective on shares of StepStone Group and gave the company an "outperform" rating in a research report on Wednesday, April 16th. Evercore ISI raised their price objective on shares of StepStone Group from $63.00 to $69.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Barclays cut their target price on StepStone Group from $69.00 to $48.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Finally, Morgan Stanley decreased their price target on StepStone Group from $66.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $61.64.

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.