Natixis Advisors LLC Trims Stake in StepStone Group LP (NASDAQ:STEP)

Natixis Advisors LLC lessened its holdings in StepStone Group LP (NASDAQ:STEP) by 9.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,333 shares of the company’s stock after selling 2,634 shares during the period. Natixis Advisors LLC’s holdings in StepStone Group were worth $1,497,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised 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 valued at $35,000 after acquiring an additional 460 shares in the last quarter. Blue Trust Inc. increased its position in shares of StepStone Group by 1,586.3% in the third quarter. Blue Trust Inc. now owns 860 shares of the company’s stock worth $49,000 after purchasing an additional 809 shares during the last quarter. US Bancorp DE raised its stake in StepStone Group by 442.7% in 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. CWM LLC raised its stake in StepStone Group by 190.4% in the third quarter. CWM LLC now owns 1,185 shares of the company’s stock valued at $67,000 after purchasing an additional 777 shares in the last quarter. Finally, KBC Group NV lifted its position in StepStone Group by 35.7% during the third quarter. KBC Group NV now owns 1,840 shares of the company’s stock valued at $105,000 after purchasing an additional 484 shares during the last quarter. Institutional investors own 55.54% of the company’s stock.

StepStone Group Trading Down 0.5 %

STEP opened at $66.69 on Tuesday. StepStone Group LP has a 12 month low of $25.06 and a 12 month high of $70.38. The business’s 50-day moving average price is $61.13 and its 200-day moving average price is $51.90. The company has a market cap of $7.68 billion, a P/E ratio of 111.15 and a beta of 1.27.

StepStone Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 29th. StepStone Group’s dividend payout ratio (DPR) is presently 160.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on STEP shares. Evercore ISI increased their price target on shares of StepStone Group from $52.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. UBS Group increased their target price on StepStone Group from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley raised their price target on StepStone Group from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group upped their price objective on StepStone Group from $64.00 to $70.50 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised their price objective on StepStone Group from $56.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $64.36.

Insider Transactions at StepStone Group

In other StepStone Group news, CAO Anthony Keathley sold 729 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 2,158 shares of the company’s stock, valued at $148,578.30. This represents a 25.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David Y. Park sold 3,000 shares of StepStone Group stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $68.21, for a total value of $204,630.00. Following the completion of the sale, the chief financial officer now owns 20,251 shares in the company, valued at approximately $1,381,320.71. This represents a 12.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.