Anthony Keathley Sells 729 Shares of StepStone Group LP (NASDAQ:STEP) Stock

StepStone Group LP (NASDAQ:STEP) CAO Anthony Keathley sold 729 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $68.85, for a total value of $50,191.65. Following the completion of the transaction, the chief accounting officer now owns 2,158 shares in the company, valued at $148,578.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

StepStone Group Trading Down 5.7 %

Shares of StepStone Group stock traded down $3.91 on Wednesday, reaching $64.12. 730,742 shares of the stock were exchanged, compared to its average volume of 575,807. StepStone Group LP has a 1-year low of $25.06 and a 1-year high of $70.38. The business has a fifty day moving average price of $58.78 and a two-hundred day moving average price of $50.09. The firm has a market capitalization of $7.09 billion, a PE ratio of 110.19 and a beta of 1.27.

StepStone Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, November 29th. StepStone Group’s payout ratio is 160.00%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Oppenheimer boosted their price target on shares of StepStone Group from $56.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Evercore ISI lifted their price objective 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 increased their price objective on shares of 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 boosted their price target on shares of StepStone Group from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley increased their price target on shares of StepStone Group from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.71.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of STEP. FMR LLC grew its position in StepStone Group by 3.7% in the third quarter. FMR LLC now owns 3,999,819 shares of the company’s stock valued at $227,310,000 after acquiring an additional 141,637 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of StepStone Group by 3.6% in the third quarter. The Manufacturers Life Insurance Company now owns 33,223 shares of the company’s stock worth $1,888,000 after buying an additional 1,155 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of StepStone Group during the 3rd quarter valued at about $63,000. Citigroup Inc. lifted its position in shares of StepStone Group by 129.7% in the 3rd quarter. Citigroup Inc. now owns 81,414 shares of the company’s stock worth $4,627,000 after purchasing an additional 45,974 shares during the period. Finally, Eagle Asset Management Inc. boosted its position in StepStone Group by 13.4% in the third quarter. Eagle Asset Management Inc. now owns 397,272 shares of the company’s stock valued at $22,577,000 after buying an additional 46,912 shares during the last quarter. Institutional investors own 55.54% 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.