Analysts Set StepStone Group LP (NASDAQ:STEP) PT at $68.36

Shares of StepStone Group LP (NASDAQ:STEP) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $69.21.

A number of equities analysts have commented on the stock. UBS Group lifted their price objective on shares of StepStone Group from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group raised their target price on shares of StepStone Group from $64.00 to $70.50 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Oppenheimer raised their target price on shares of StepStone Group from $81.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Morgan Stanley raised their target price on shares of StepStone Group from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Finally, Barclays raised their target price on shares of StepStone Group from $66.00 to $69.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th.

Insider Activity at StepStone Group

In other news, insider Michael I. Mccabe sold 4,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $64.25, for a total value of $257,000.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott W. Hart sold 22,091 shares of the business’s stock in a transaction that occurred 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 directly owns 157,909 shares in the company, valued at approximately $9,986,165.16. This represents a 12.27 % decrease in their position. The disclosure for this sale can be found here. 18.44% of the stock is currently owned by company insiders.

Institutional Trading of StepStone Group

Several large investors have recently bought and sold shares of STEP. Raymond James Financial Inc. purchased a new stake in StepStone Group during the 4th quarter worth approximately $46,163,000. Massachusetts Financial Services Co. MA purchased a new stake in StepStone Group during the 4th quarter worth approximately $32,340,000. Vanguard Group Inc. grew its position in StepStone Group by 6.3% during the 4th quarter. Vanguard Group Inc. now owns 6,938,181 shares of the company’s stock worth $401,582,000 after purchasing an additional 411,133 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in StepStone Group by 26.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,409,089 shares of the company’s stock worth $85,518,000 after purchasing an additional 297,989 shares during the last quarter. Finally, State Street Corp lifted its stake in StepStone Group by 12.4% during the 3rd quarter. State Street Corp now owns 2,401,034 shares of the company’s stock valued at $136,451,000 after acquiring an additional 265,240 shares during the period. Hedge funds and other institutional investors own 55.54% of the company’s stock.

StepStone Group Stock Down 0.2 %

Shares of NASDAQ:STEP opened at $59.83 on Friday. StepStone Group has a 52 week low of $32.58 and a 52 week high of $70.38. The stock has a market capitalization of $6.89 billion, a P/E ratio of -35.40 and a beta of 1.31. The firm has a fifty day simple moving average of $61.21 and a two-hundred day simple moving average of $58.90.

StepStone Group Announces Dividend

The business 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 dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 1.60%. StepStone Group’s payout ratio is -56.80%.

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.