Anthony Keathley Sells 538 Shares of StepStone Group LP (NASDAQ:STEP) Stock

StepStone Group LP (NASDAQ:STEP) CAO Anthony Keathley sold 538 shares of StepStone Group stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $63.00, for a total transaction of $33,894.00. Following the sale, the chief accounting officer now directly owns 1,386 shares in the company, valued at approximately $87,318. The trade was a 27.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

StepStone Group Price Performance

NASDAQ STEP opened at $58.59 on Friday. The company has a market cap of $6.80 billion, a P/E ratio of -34.67 and a beta of 1.31. The stock has a 50-day moving average of $61.22 and a two-hundred day moving average of $59.57. StepStone Group LP has a 1-year low of $32.58 and a 1-year high of $70.38.

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 issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis 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 currently -56.80%.

Institutional Investors Weigh In On StepStone Group

Several large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new position in StepStone Group in the 4th quarter valued at approximately $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of StepStone Group in the fourth quarter valued at $29,000. IFP Advisors Inc purchased a new position in StepStone Group in the fourth quarter valued at $36,000. Amundi grew its stake in StepStone Group by 26.7% during the 4th quarter. Amundi now owns 730 shares of the company’s stock worth $42,000 after purchasing an additional 154 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in StepStone Group by 1,586.3% during the 3rd quarter. Blue Trust Inc. now owns 860 shares of the company’s stock worth $49,000 after purchasing an additional 809 shares during the period. 55.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on STEP shares. Oppenheimer raised 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. Morgan Stanley raised their price objective on StepStone Group from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Evercore ISI upped their target price on shares of StepStone Group from $63.00 to $69.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Barclays lifted their price target on shares of StepStone Group from $66.00 to $69.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group boosted 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.21.

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.