William Blair Investment Management LLC Purchases 69,513 Shares of StepStone Group LP (NASDAQ:STEP)

William Blair Investment Management LLC raised its stake in shares of StepStone Group LP (NASDAQ:STEP - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 491,183 shares of the company's stock after acquiring an additional 69,513 shares during the period. William Blair Investment Management LLC owned about 0.43% of StepStone Group worth $28,430,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of STEP. Amundi raised its stake in shares of StepStone Group by 26.7% during the 4th quarter. Amundi now owns 730 shares of the company's stock worth $42,000 after purchasing an additional 154 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of StepStone Group by 1.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 9,578 shares of the company's stock worth $554,000 after purchasing an additional 157 shares during the period. Blue Trust Inc. raised its stake in shares of StepStone Group by 25.5% during the 4th quarter. Blue Trust Inc. now owns 1,079 shares of the company's stock worth $61,000 after purchasing an additional 219 shares during the period. GAMMA Investing LLC raised its stake in shares of StepStone Group by 36.6% during the 4th quarter. GAMMA Investing LLC now owns 844 shares of the company's stock worth $49,000 after purchasing an additional 226 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of StepStone Group by 1.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the company's stock worth $1,771,000 after purchasing an additional 300 shares during the period. 55.54% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Ratings Changes

STEP has been the topic of a number of recent analyst reports. Evercore ISI lifted their target price on StepStone Group from $63.00 to $69.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Oppenheimer lifted their price objective on StepStone Group from $81.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, Barclays lifted their price objective on StepStone Group from $66.00 to $69.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $69.21.

StepStone Group Stock Down 2.4 %

STEP traded down $1.33 during trading hours on Friday, hitting $53.87. The stock had a trading volume of 2,077,199 shares, compared to its average volume of 612,320. The stock has a market cap of $6.25 billion, a PE ratio of -31.88 and a beta of 1.33. StepStone Group LP has a 1 year low of $33.90 and a 1 year high of $70.38. The company's fifty day simple moving average is $59.39 and its 200 day simple moving average is $59.92.

StepStone Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Friday, February 28th. StepStone Group's payout ratio is presently -56.80%.

Insider Buying and Selling at StepStone Group

In other news, CAO Anthony Keathley sold 538 shares of StepStone Group stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $63.00, for a total transaction of $33,894.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Scott W. Hart sold 10,000 shares of StepStone Group stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $61.43, for a total value of $614,300.00. Following the sale, the chief executive officer now owns 110,000 shares of the company's stock, valued at approximately $6,757,300. This trade represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.44% of the company's stock.

StepStone Group Company 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.