StepStone Group (NASDAQ:STEP) Price Target Raised to $84.00

StepStone Group (NASDAQ:STEP) had its price target boosted by Oppenheimer from $73.00 to $84.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms also recently issued reports on STEP. Evercore ISI raised their price target on shares of StepStone Group from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Morgan Stanley lifted their target price on StepStone Group from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. UBS Group upped 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. JPMorgan Chase & Co. raised their price target on StepStone Group from $56.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Barclays lowered their price objective on StepStone Group from $72.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, StepStone Group presently has an average rating of “Hold” and an average price target of $66.64.

StepStone Group Trading Down 0.1 %

Shares of NASDAQ STEP opened at $61.95 on Thursday. The company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 103.25 and a beta of 1.27. StepStone Group has a twelve month low of $28.35 and a twelve month high of $70.38. The business has a 50 day simple moving average of $62.76 and a 200-day simple moving average of $54.18.

StepStone Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, November 29th. StepStone Group’s dividend payout ratio (DPR) is 160.00%.

Insider Buying and Selling

In other StepStone Group news, CAO Anthony Keathley sold 729 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $68.85, for a total value of $50,191.65. Following the sale, the chief accounting officer now directly owns 2,158 shares in the company, valued at approximately $148,578.30. The trade was a 25.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott W. Hart sold 22,091 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $63.24, for a total transaction of $1,397,034.84. Following the transaction, the chief executive officer now owns 157,909 shares of the company’s stock, valued at approximately $9,986,165.16. This trade represents a 12.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,820 shares of company stock valued at $1,908,856 over the last 90 days. 18.44% of the stock is currently owned by company insiders.

Institutional Trading of StepStone Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in StepStone Group by 291.1% in the third quarter. GAMMA Investing LLC now owns 618 shares of the company’s stock worth $35,000 after buying an additional 460 shares during the last quarter. KBC Group NV grew its holdings in shares of StepStone Group by 35.7% in the 3rd quarter. KBC Group NV now owns 1,840 shares of the company’s stock worth $105,000 after acquiring an additional 484 shares during the last quarter. CWM LLC raised its position in shares of 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 purchasing an additional 777 shares during the period. US Bancorp DE lifted its holdings in shares of 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 purchasing an additional 788 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of 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 purchasing an additional 809 shares during the last quarter. 55.54% of the stock is currently owned by institutional investors.

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.