StepStone Group LP (NASDAQ:STEP) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in StepStone Group LP (NASDAQ:STEP - Free Report) by 48.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,398 shares of the company's stock after selling 23,083 shares during the quarter. Janus Henderson Group PLC's holdings in StepStone Group were worth $1,387,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in StepStone Group by 291.1% during the 3rd quarter. GAMMA Investing LLC now owns 618 shares of the company's stock valued at $35,000 after purchasing an additional 460 shares during the period. Blue Trust Inc. increased its holdings in StepStone Group by 1,586.3% during the third quarter. Blue Trust Inc. now owns 860 shares of the company's stock valued at $49,000 after buying an additional 809 shares during the period. US Bancorp DE increased its holdings in StepStone Group by 442.7% during the third quarter. US Bancorp DE now owns 966 shares of the company's stock valued at $55,000 after buying an additional 788 shares during the period. Harvest Fund Management Co. Ltd bought a new position in StepStone Group in the third quarter worth approximately $63,000. Finally, CWM LLC lifted its holdings 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 buying an additional 777 shares during the period. 55.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Oppenheimer lifted their price target on StepStone Group from $73.00 to $84.00 and gave the company an "outperform" rating in a report on Thursday. Evercore ISI lifted their target price on StepStone Group from $52.00 to $55.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. The Goldman Sachs Group increased their price target 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. JPMorgan Chase & Co. raised their price target on shares of StepStone Group from $56.00 to $61.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Finally, Morgan Stanley boosted their price objective on shares of StepStone Group from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $66.64.

StepStone Group Stock Down 0.1 %

Shares of STEP traded down $0.06 during mid-day trading on Friday, hitting $61.95. 641,077 shares of the company traded hands, compared to its average volume of 581,589. The company has a market capitalization of $7.13 billion, a PE ratio of 103.25 and a beta of 1.27. The business has a 50 day moving average of $62.76 and a 200 day moving average of $54.18. StepStone Group LP has a 1-year low of $28.35 and a 1-year high of $70.38.

StepStone Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.24 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.55%. StepStone Group's dividend payout ratio is currently 160.00%.

Insiders Place Their Bets

In other news, insider Michael I. Mccabe sold 4,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $64.25, for a total value of $257,000.00. Following the transaction, the insider now directly owns 686,516 shares of the company's stock, valued at approximately $44,108,653. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott W. Hart sold 22,091 shares of StepStone Group stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $63.24, for a total value of $1,397,034.84. Following the sale, the chief executive officer now directly owns 157,909 shares of the company's stock, valued at $9,986,165.16. This trade represents a 12.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,820 shares of company stock valued at $1,908,856. Insiders own 18.44% of the company's stock.

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.