StepStone Group LP (NASDAQ:STEP) CEO Sells $614,300.00 in Stock

StepStone Group LP (NASDAQ:STEP) CEO Scott W. Hart sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.43, for a total transaction of $614,300.00. Following the transaction, the chief executive officer now owns 110,000 shares in the company, valued at approximately $6,757,300. This trade represents a 8.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

StepStone Group Price Performance

Shares of NASDAQ STEP opened at $58.59 on Monday. StepStone Group LP has a 12-month low of $32.58 and a 12-month high of $70.38. The company has a market capitalization of $6.80 billion, a PE ratio of -34.67 and a beta of 1.31. The firm’s 50-day moving average is $61.22 and its two-hundred day moving average is $59.67.

StepStone Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, February 28th. StepStone Group’s dividend payout ratio (DPR) is presently -56.80%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Oppenheimer boosted 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. Barclays upped 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 report on Friday, February 7th. Evercore ISI upped their target price on shares of StepStone Group from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. The Goldman Sachs Group upped their target price on shares of StepStone Group from $64.00 to $70.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Finally, Morgan Stanley upped their target price on shares of StepStone Group from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $69.21.

Institutional Trading of StepStone Group

Institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC purchased a new stake in shares of StepStone Group in the fourth quarter valued at about $27,000. Raleigh Capital Management Inc. purchased a new stake in shares of StepStone Group in the fourth quarter valued at about $29,000. IFP Advisors Inc purchased a new stake in shares of StepStone Group in the fourth quarter valued at about $36,000. Amundi lifted its holdings in shares of StepStone Group by 26.7% in the fourth quarter. Amundi now owns 730 shares of the company’s stock valued at $42,000 after purchasing an additional 154 shares in the last quarter. Finally, GAMMA Investing LLC lifted 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 in the last quarter. Hedge funds and other institutional investors own 55.54% 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.