Natixis Advisors LLC Sells 2,634 Shares of StepStone Group LP (NASDAQ:STEP)

Natixis Advisors LLC lowered its stake in shares of StepStone Group LP (NASDAQ:STEP) by 9.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,333 shares of the company’s stock after selling 2,634 shares during the quarter. Natixis Advisors LLC’s holdings in StepStone Group were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of StepStone Group by 291.1% during the 3rd quarter. GAMMA Investing LLC now owns 618 shares of the company’s stock worth $35,000 after acquiring an additional 460 shares during the period. Blue Trust Inc. boosted 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 purchasing an additional 809 shares in the last quarter. US Bancorp DE grew its stake in StepStone Group by 442.7% in the third quarter. US Bancorp DE now owns 966 shares of the company’s stock worth $55,000 after purchasing an additional 788 shares during the period. CWM LLC raised its holdings in StepStone Group by 190.4% in the third quarter. CWM LLC now owns 1,185 shares of the company’s stock worth $67,000 after purchasing an additional 777 shares in the last quarter. Finally, KBC Group NV lifted its position in StepStone Group by 35.7% during the third quarter. KBC Group NV now owns 1,840 shares of the company’s stock valued at $105,000 after buying an additional 484 shares during the period. 55.54% of the stock is currently owned by hedge funds and other institutional investors.

StepStone Group Stock Down 0.5 %

Shares of NASDAQ STEP opened at $66.69 on Tuesday. The firm has a market cap of $7.68 billion, a P/E ratio of 111.15 and a beta of 1.27. StepStone Group LP has a twelve month low of $25.06 and a twelve month high of $70.38. The company has a 50 day moving average of $61.13 and a 200 day moving average of $51.90.

StepStone Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, November 29th. StepStone Group’s dividend payout ratio is currently 160.00%.

Insider Activity

In other news, CFO David Y. Park sold 3,000 shares of StepStone Group stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $68.21, for a total value of $204,630.00. Following the completion of the sale, the chief financial officer now directly owns 20,251 shares in the company, valued at $1,381,320.71. The trade was a 12.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Anthony Keathley sold 729 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $68.85, for a total transaction of $50,191.65. Following the transaction, the chief accounting officer now owns 2,158 shares in the company, valued at approximately $148,578.30. This trade represents a 25.25 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on STEP shares. Oppenheimer upped their target price on shares of StepStone Group from $56.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Evercore ISI upped their price objective on shares of StepStone Group from $52.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. UBS Group boosted their price target on StepStone Group from $55.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their price objective on StepStone Group from $64.00 to $70.50 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted their target price on StepStone Group from $56.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, StepStone Group currently has a consensus rating of “Hold” and a consensus price target of $64.36.

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.