Nisa Investment Advisors LLC Purchases 1,000 Shares of StepStone Group LP (NASDAQ:STEP)

Nisa Investment Advisors LLC raised its position in shares of StepStone Group LP (NASDAQ:STEP) by 166.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,602 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Nisa Investment Advisors LLC’s holdings in StepStone Group were worth $93,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its stake in StepStone Group by 368.2% during the third quarter. Barclays PLC now owns 112,019 shares of the company’s stock valued at $6,366,000 after purchasing an additional 88,095 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of StepStone Group by 43.3% during the 3rd quarter. Principal Financial Group Inc. now owns 417,845 shares of the company’s stock valued at $23,746,000 after buying an additional 126,315 shares in the last quarter. Geode Capital Management LLC raised its position in shares of StepStone Group by 17.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,457,690 shares of the company’s stock valued at $82,856,000 after buying an additional 216,029 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of StepStone Group by 28.7% in the 3rd quarter. Stifel Financial Corp now owns 41,916 shares of the company’s stock valued at $2,382,000 after acquiring an additional 9,357 shares during the last quarter. Finally, FORA Capital LLC purchased a new position in StepStone Group in the third quarter worth about $717,000. 55.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Michael I. Mccabe sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $64.25, for a total value of $257,000.00. Following the completion of the sale, the insider now owns 686,516 shares in the company, valued at approximately $44,108,653. The trade was a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott W. Hart sold 22,091 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $63.24, for a total transaction of $1,397,034.84. Following the completion of the sale, the chief executive officer now directly owns 157,909 shares of the company’s stock, valued at $9,986,165.16. The trade was a 12.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,820 shares of company stock worth $1,908,856 in the last ninety days. 18.44% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on StepStone Group from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Evercore ISI lowered their price target on StepStone Group from $71.00 to $63.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Oppenheimer boosted their price objective on shares of StepStone Group from $73.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Barclays lowered their target price on shares of StepStone Group from $72.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, December 9th. Finally, The Goldman Sachs Group lifted their price target 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, StepStone Group has a consensus rating of “Hold” and an average price target of $67.79.

StepStone Group Trading Up 1.2 %

Shares of STEP opened at $64.72 on Friday. The firm has a market capitalization of $7.45 billion, a P/E ratio of 107.87 and a beta of 1.31. StepStone Group LP has a 12-month low of $32.33 and a 12-month high of $70.38. The firm has a fifty day moving average price of $61.67 and a 200-day moving average price of $57.90.

StepStone Group (NASDAQ:STEP) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $271.68 million during the quarter, compared to analysts’ expectations of $215.51 million. During the same period last year, the firm earned $0.26 earnings per share. Analysts predict that StepStone Group LP will post 1.83 earnings per share for the current year.

StepStone Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 annualized dividend and a yield of 1.48%. StepStone Group’s dividend payout ratio (DPR) is currently 160.00%.

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.