KBC Group NV Has $175,000 Holdings in StepStone Group LP (NASDAQ:STEP)

KBC Group NV grew its position in StepStone Group LP (NASDAQ:STEP) by 64.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,032 shares of the company’s stock after buying an additional 1,192 shares during the period. KBC Group NV’s holdings in StepStone Group were worth $175,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its stake in StepStone Group by 25.5% in the fourth quarter. Blue Trust Inc. now owns 1,079 shares of the company’s stock valued at $61,000 after acquiring an additional 219 shares during the period. Raleigh Capital Management Inc. acquired a new stake in shares of StepStone Group during the fourth quarter worth $29,000. Nisa Investment Advisors LLC boosted its position in shares of StepStone Group by 166.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,602 shares of the company’s stock worth $93,000 after buying an additional 1,000 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of StepStone Group by 9.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 16,474 shares of the company’s stock worth $954,000 after buying an additional 1,387 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of StepStone Group by 36.6% in the fourth quarter. GAMMA Investing LLC now owns 844 shares of the company’s stock valued at $49,000 after purchasing an additional 226 shares during the last quarter. Institutional investors own 55.54% of the company’s stock.

Insider Transactions at StepStone Group

In other news, CFO David Y. Park sold 3,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,381,320.71. This represents a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Anthony Keathley sold 729 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were 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 directly owns 2,158 shares in the company, valued at approximately $148,578.30. This represents a 25.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,820 shares of company stock worth $1,908,856. Corporate insiders own 18.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays decreased 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 research report on Monday, December 9th. Oppenheimer raised their price objective on StepStone Group from $73.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. UBS Group raised their target price on shares of 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 increased their price objective on shares of StepStone Group from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group boosted their target price 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $67.79.

StepStone Group Stock Performance

Shares of STEP opened at $64.82 on Thursday. The business’s fifty day moving average is $61.43 and its 200-day moving average is $58.40. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 108.04 and a beta of 1.31. StepStone Group LP has a 52-week low of $32.33 and a 52-week high of $70.38.

StepStone Group (NASDAQ:STEP) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $215.51 million. During the same period last year, the firm posted $0.26 earnings per share. As a group, research analysts forecast that StepStone Group LP will post 1.82 EPS for the current fiscal year.

StepStone Group 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.