StepStone Group LP (NASDAQ:STEP) Given Average Rating of “Hold” by Analysts

Shares of StepStone Group LP (NASDAQ:STEP) have received an average recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $69.21.

Several research firms recently issued reports on STEP. Morgan Stanley increased their price target 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. UBS Group lifted their price target 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 upped their price objective on StepStone Group from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Oppenheimer boosted their target price on StepStone Group from $81.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, The Goldman Sachs Group raised their price target on shares of StepStone Group from $64.00 to $70.50 and gave the company a “neutral” rating in a research note on Tuesday, November 19th.

StepStone Group Stock Up 2.5 %

STEP stock opened at $62.47 on Friday. StepStone Group has a 52 week low of $32.58 and a 52 week high of $70.38. The business has a 50-day simple moving average of $61.12 and a 200 day simple moving average of $58.92. The company has a market cap of $7.19 billion, a PE ratio of -36.96 and a beta of 1.31.

StepStone Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.24 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 1.54%. StepStone Group’s dividend payout ratio is -56.80%.

Insider Buying and Selling

In other news, insider Michael I. Mccabe sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $64.25, for a total value of $257,000.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott W. Hart sold 22,091 shares of the stock in a transaction 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 sale, the chief executive officer now owns 157,909 shares of the company’s stock, valued at approximately $9,986,165.16. This trade represents a 12.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.44% of the stock is owned by corporate insiders.

Institutional Trading of StepStone Group

Institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of StepStone Group in the 4th quarter valued at about $27,000. Raleigh Capital Management Inc. acquired a new position in StepStone Group in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC boosted its holdings in shares of StepStone Group by 291.1% during the 3rd quarter. GAMMA Investing LLC now owns 618 shares of the company’s stock worth $35,000 after buying an additional 460 shares in the last quarter. IFP Advisors Inc bought a new position in shares of StepStone Group during the 4th quarter worth approximately $36,000. Finally, Amundi grew its position in shares of StepStone Group by 26.7% during the 4th quarter. Amundi now owns 730 shares of the company’s stock worth $42,000 after buying an additional 154 shares during the period. 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.