Barclays PLC Purchases 88,095 Shares of StepStone Group LP (NASDAQ:STEP)

Barclays PLC boosted its holdings in StepStone Group LP (NASDAQ:STEP - Free Report) by 368.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,019 shares of the company's stock after purchasing an additional 88,095 shares during the quarter. Barclays PLC owned 0.10% of StepStone Group worth $6,366,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of 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 in the last quarter. KBC Group NV raised its holdings in StepStone Group by 35.7% in the 3rd quarter. KBC Group NV now owns 1,840 shares of the company's stock valued at $105,000 after acquiring an additional 484 shares in the last quarter. CWM LLC lifted its position in shares of StepStone Group by 190.4% during the 3rd quarter. CWM LLC now owns 1,185 shares of the company's stock valued at $67,000 after acquiring an additional 777 shares during the period. US Bancorp DE lifted its position in shares of StepStone Group by 442.7% during 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 period. Finally, Blue Trust Inc. grew its holdings 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 purchasing an additional 809 shares in the last quarter. Institutional investors own 55.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on StepStone Group from $64.00 to $70.50 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on shares of StepStone Group from $56.00 to $61.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Barclays decreased their price objective on shares of StepStone Group from $72.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Monday, December 9th. Oppenheimer upped their target price on StepStone Group from $73.00 to $84.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Finally, UBS Group raised their target price on StepStone Group from $55.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $66.64.

Insider Activity at StepStone Group

In other StepStone Group news, CAO Anthony Keathley sold 729 shares of StepStone Group stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $68.85, for a total transaction of $50,191.65. Following the transaction, the chief accounting officer now directly owns 2,158 shares of the company's stock, valued at approximately $148,578.30. The trade was a 25.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael I. Mccabe sold 4,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $64.25, for a total value of $257,000.00. Following the completion of the sale, the insider now directly owns 686,516 shares of the company's stock, valued at approximately $44,108,653. The trade was a 0.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,820 shares of company stock worth $1,908,856 in the last quarter. 18.44% of the stock is owned by insiders.

StepStone Group Trading Down 0.4 %

StepStone Group stock traded down $0.21 during mid-day trading on Friday, reaching $58.12. The company had a trading volume of 1,759,462 shares, compared to its average volume of 588,734. The business has a fifty day simple moving average of $62.76 and a 200 day simple moving average of $54.67. The company has a market cap of $6.69 billion, a P/E ratio of 96.87 and a beta of 1.27. StepStone Group LP has a fifty-two week low of $29.17 and a fifty-two week high of $70.38.

StepStone Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 1.65%. StepStone Group's dividend payout ratio is presently 160.00%.

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.