Atria Investments Inc Sells 1,221 Shares of StepStone Group LP (NASDAQ:STEP)

Atria Investments Inc cut its holdings in shares of StepStone Group LP (NASDAQ:STEP) by 17.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,921 shares of the company’s stock after selling 1,221 shares during the quarter. Atria Investments Inc’s holdings in StepStone Group were worth $343,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in STEP. Steward Partners Investment Advisory LLC purchased a new position in shares of StepStone Group during the fourth quarter worth approximately $27,000. Raleigh Capital Management Inc. purchased a new position in shares of StepStone Group during the fourth quarter worth approximately $29,000. IFP Advisors Inc purchased a new position in shares of StepStone Group during the fourth quarter worth approximately $36,000. GAMMA Investing LLC raised its stake in shares of StepStone Group by 36.6% during the fourth quarter. GAMMA Investing LLC now owns 844 shares of the company’s stock worth $49,000 after acquiring an additional 226 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of StepStone Group by 442.7% during the third quarter. US Bancorp DE now owns 966 shares of the company’s stock worth $55,000 after acquiring an additional 788 shares in the last quarter. 55.54% of the stock is owned by hedge funds and other institutional investors.

StepStone Group Trading Up 4.8 %

Shares of STEP stock opened at $53.67 on Monday. StepStone Group LP has a 12-month low of $33.01 and a 12-month high of $70.38. The stock has a market capitalization of $6.22 billion, a P/E ratio of -31.76 and a beta of 1.33. The firm’s 50 day moving average is $59.88 and its 200 day moving average is $59.98.

StepStone Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Friday, February 28th. StepStone Group’s dividend payout ratio (DPR) is presently -56.80%.

Analyst Ratings Changes

STEP has been the topic of several research reports. Oppenheimer lifted their price target on shares of StepStone Group from $81.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. The Goldman Sachs Group lifted their target price on shares of StepStone Group from $64.00 to $70.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Evercore ISI lifted their target price on shares of StepStone Group from $63.00 to $69.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, Barclays lifted their target price on shares of StepStone Group from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Four investment 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 currently has a consensus rating of “Hold” and a consensus target price of $69.21.

Insider Activity

In other news, CAO Anthony Keathley sold 538 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were 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 of the company’s stock, valued at $87,318. The trade was a 27.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Scott W. Hart sold 10,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.43, for a total transaction of $614,300.00. Following the sale, the chief executive officer now directly owns 110,000 shares of the company’s stock, valued at approximately $6,757,300. The trade was 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.

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.