Analysts Set StepStone Group LP (NASDAQ:STEP) PT at $66.64

StepStone Group LP (NASDAQ:STEP) has received an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $66.64.

STEP has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on StepStone Group from $56.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group upped their price target on StepStone Group from $64.00 to $70.50 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Barclays decreased their price objective on StepStone Group from $72.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, December 9th. Morgan Stanley upped their price objective on shares of StepStone Group from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Finally, UBS Group lifted their target price on shares of StepStone Group from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd.

StepStone Group Stock Up 1.4 %

STEP opened at $61.08 on Tuesday. StepStone Group has a twelve month low of $31.15 and a twelve month high of $70.38. The company’s 50-day moving average price is $62.25 and its two-hundred day moving average price is $56.69. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 101.80 and a beta of 1.31.

StepStone Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, November 29th. StepStone Group’s dividend payout ratio is presently 160.00%.

Insider Transactions at StepStone Group

In related news, CAO Anthony Keathley sold 729 shares of StepStone Group stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $68.85, for a total transaction of $50,191.65. Following the completion of the sale, the chief accounting officer now owns 2,158 shares of the company’s stock, valued at approximately $148,578.30. This trade represents a 25.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott W. Hart sold 22,091 shares of the business’s 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 transaction, the chief executive officer now owns 157,909 shares of the company’s stock, valued at approximately $9,986,165.16. The trade was a 12.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,820 shares of company stock valued at $1,908,856. 18.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On StepStone Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of StepStone Group by 291.1% in the 3rd 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. Blue Trust Inc. increased its stake in StepStone Group by 1,586.3% in the third quarter. Blue Trust Inc. now owns 860 shares of the company’s stock valued at $49,000 after acquiring an additional 809 shares during the last quarter. US Bancorp DE raised its position 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 purchasing an additional 788 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in StepStone Group during the third quarter worth about $63,000. Finally, CWM LLC lifted its stake 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 purchasing an additional 777 shares during the last quarter. 55.54% of the stock is owned by hedge funds and other institutional investors.

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.