Analysts Set StepStone Group LP (NASDAQ:STEP) Price Target at $69.21

StepStone Group LP (NASDAQ:STEP) has received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and three have given 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 $69.21.

Several analysts have weighed in on STEP shares. Evercore ISI boosted their target price on shares of StepStone Group from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Oppenheimer upped their target price on StepStone Group from $81.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Barclays lifted their price target on StepStone Group from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th.

StepStone Group Stock Performance

Shares of STEP stock opened at $53.89 on Friday. StepStone Group has a fifty-two week low of $33.92 and a fifty-two week high of $70.38. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of -31.89 and a beta of 1.33. The stock’s 50-day simple moving average is $58.53 and its 200-day simple moving average is $60.11.

StepStone Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Friday, February 28th. StepStone Group’s dividend payout ratio is currently -56.80%.

Insider Buying and Selling at StepStone Group

In other StepStone Group news, CAO Anthony Keathley sold 538 shares of StepStone Group stock in a transaction 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 owns 1,386 shares of the company’s stock, valued at approximately $87,318. The trade was a 27.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott W. Hart sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $61.43, for a total value of $614,300.00. Following the transaction, the chief executive officer now owns 110,000 shares in the company, valued at $6,757,300. This represents a 8.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.44% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi boosted its stake in shares of StepStone Group by 26.7% in the fourth quarter. Amundi now owns 730 shares of the company’s stock worth $42,000 after acquiring an additional 154 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in StepStone Group by 1.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 9,578 shares of the company’s stock worth $554,000 after purchasing an additional 157 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of StepStone Group by 25.5% during the fourth quarter. Blue Trust Inc. now owns 1,079 shares of the company’s stock worth $61,000 after buying an additional 219 shares in the last quarter. GAMMA Investing LLC grew its position in shares of StepStone Group by 36.6% in the fourth quarter. GAMMA Investing LLC now owns 844 shares of the company’s stock valued at $49,000 after purchasing an additional 226 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in StepStone Group by 1.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the company’s stock worth $1,771,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 55.54% of the company’s stock.

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.