StepStone Group LP (NASDAQ:STEP) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in shares of StepStone Group LP (NASDAQ:STEP) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,908 shares of the company’s stock after buying an additional 575 shares during the period. Natixis Advisors LLC’s holdings in StepStone Group were worth $1,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank increased its holdings in shares of StepStone Group by 12.5% in the 4th quarter. Swiss National Bank now owns 126,900 shares of the company’s stock valued at $7,345,000 after acquiring an additional 14,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in StepStone Group in the fourth quarter valued at $331,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of StepStone Group by 27.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,821 shares of the company’s stock valued at $1,147,000 after buying an additional 4,311 shares during the last quarter. Amundi boosted its stake in shares of StepStone Group by 26.7% during the fourth quarter. Amundi now owns 730 shares of the company’s stock worth $42,000 after buying an additional 154 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of StepStone Group by 444.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 969 shares of the company’s stock worth $56,000 after buying an additional 791 shares during the period. Hedge funds and other institutional investors own 55.54% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Scott W. Hart sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.43, for a total transaction of $614,300.00. Following the sale, the chief executive officer now owns 110,000 shares of the company’s stock, valued at $6,757,300. The trade was a 8.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anthony Keathley sold 538 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $63.00, for a total value of $33,894.00. Following the completion of the transaction, the chief accounting officer now directly owns 1,386 shares of the company’s stock, valued at $87,318. The trade was a 27.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.44% of the company’s stock.

StepStone Group Price Performance

STEP opened at $56.54 on Tuesday. StepStone Group LP has a 12 month low of $33.90 and a 12 month high of $70.38. The stock has a market capitalization of $6.56 billion, a P/E ratio of -33.46 and a beta of 1.33. The business has a 50 day simple moving average of $59.37 and a 200-day simple moving average of $60.02.

StepStone Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Friday, February 28th. StepStone Group’s dividend payout ratio (DPR) is currently -56.80%.

Analyst Upgrades and Downgrades

Several research firms have commented on STEP. Oppenheimer upped their price objective on StepStone Group from $81.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Barclays boosted their target price on StepStone Group from $66.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Finally, Evercore ISI increased their price target on StepStone Group from $63.00 to $69.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.21.

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.