StepStone Group LP (NASDAQ:STEP) Receives $66.64 Average Price Target from Analysts

StepStone Group LP (NASDAQ:STEP) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $66.64.

STEP has been the topic of a number of analyst reports. 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. UBS Group increased their price objective on shares of StepStone Group from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley boosted their target price on StepStone Group from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group increased their price target on StepStone Group from $64.00 to $70.50 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted 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.

Insiders Place Their Bets

In other news, CAO Anthony Keathley sold 729 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $68.85, for a total value of $50,191.65. Following the completion of the sale, the chief accounting officer now owns 2,158 shares in the company, valued at approximately $148,578.30. The trade was a 25.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Y. Park sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $68.21, for a total transaction of $204,630.00. Following the completion of the sale, the chief financial officer now directly owns 20,251 shares of the company’s stock, valued at $1,381,320.71. The trade was a 12.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,820 shares of company stock worth $1,908,856. 18.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in StepStone Group by 291.1% during the third quarter. GAMMA Investing LLC now owns 618 shares of the company’s stock valued at $35,000 after purchasing an additional 460 shares in the last quarter. Blue Trust Inc. lifted its position in shares of StepStone Group by 1,586.3% during the third quarter. Blue Trust Inc. now owns 860 shares of the company’s stock valued at $49,000 after buying an additional 809 shares during the last quarter. US Bancorp DE boosted its holdings in shares of StepStone Group by 442.7% in the 3rd quarter. US Bancorp DE now owns 966 shares of the company’s stock valued at $55,000 after buying an additional 788 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of StepStone Group in the 3rd quarter worth approximately $63,000. Finally, CWM LLC raised 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 acquiring an additional 777 shares in the last quarter. 55.54% of the stock is owned by institutional investors.

StepStone Group Stock Performance

NASDAQ STEP opened at $60.93 on Friday. The business’s 50 day moving average price is $62.75 and its 200-day moving average price is $55.14. StepStone Group has a fifty-two week low of $30.46 and a fifty-two week high of $70.38. The company has a market cap of $7.02 billion, a P/E ratio of 101.55 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. Shareholders of record on Friday, November 29th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Friday, November 29th. StepStone Group’s dividend payout ratio (DPR) is presently 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.