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

StepStone Group LP (NASDAQ:STEP) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $66.64.

Several equities research analysts have weighed in on STEP shares. UBS Group increased their target price on shares of StepStone Group from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group upped their price objective on shares of StepStone Group from $64.00 to $70.50 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Oppenheimer lifted their target price on StepStone Group from $73.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Morgan Stanley increased their price target on StepStone Group from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lifted 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.

StepStone Group Price Performance

Shares of NASDAQ:STEP opened at $58.12 on Friday. The firm’s 50 day simple moving average is $62.76 and its 200 day simple moving average is $54.73. StepStone Group has a fifty-two week low of $29.17 and a fifty-two week high of $70.38. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 96.87 and a beta of 1.27.

StepStone Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Friday, November 29th. StepStone Group’s dividend payout ratio is presently 160.00%.

Insider Buying and Selling at StepStone Group

In other StepStone Group news, CEO Scott W. Hart sold 22,091 shares of StepStone Group stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $63.24, for a total value of $1,397,034.84. Following the sale, the chief executive officer now directly owns 157,909 shares in the company, valued at approximately $9,986,165.16. The trade was a 12.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael I. Mccabe sold 4,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $64.25, for a total transaction of $257,000.00. Following the transaction, the insider now owns 686,516 shares of the company’s stock, valued at approximately $44,108,653. This represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,820 shares of company stock worth $1,908,856. Corporate insiders own 18.44% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted 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 buying an additional 460 shares during the last quarter. Blue Trust Inc. raised its position in StepStone Group by 1,586.3% during the third quarter. Blue Trust Inc. now owns 860 shares of the company’s stock worth $49,000 after acquiring an additional 809 shares in the last quarter. US Bancorp DE lifted 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 acquiring an additional 788 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of StepStone Group in the 3rd quarter valued at about $63,000. Finally, CWM LLC increased its stake in shares of StepStone Group by 190.4% during the 3rd 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 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.