StepStone Group LP (NASDAQ:STEP) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its stake in StepStone Group LP (NASDAQ:STEP) by 15.2% in the 4th quarter, Holdings Channel reports. The firm owned 4,650 shares of the company’s stock after purchasing an additional 612 shares during the quarter. Xponance Inc.’s holdings in StepStone Group were worth $269,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in STEP. Amundi lifted its position in shares of StepStone Group by 26.7% during the 4th quarter. Amundi now owns 730 shares of the company’s stock valued at $42,000 after acquiring an additional 154 shares during the period. Mutual of America Capital Management LLC raised its holdings in StepStone Group by 1.7% during the fourth 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. raised its holdings in 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 purchasing an additional 219 shares during the last quarter. GAMMA Investing LLC boosted its position in StepStone Group by 36.6% during the fourth quarter. GAMMA Investing LLC now owns 844 shares of the company’s stock worth $49,000 after purchasing an additional 226 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of StepStone Group by 1.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the company’s stock valued at $1,771,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 55.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at StepStone Group

In other news, CAO Anthony Keathley sold 538 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $63.00, for a total transaction of $33,894.00. Following the transaction, the chief accounting officer now directly owns 1,386 shares in the company, valued at $87,318. This represents a 27.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Scott W. Hart sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.43, for a total transaction of $614,300.00. Following the completion of the sale, the chief executive officer now owns 110,000 shares of the company’s stock, valued at approximately $6,757,300. The trade was a 8.33 % 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 Stock Performance

Shares of STEP opened at $53.96 on Friday. StepStone Group LP has a 1 year low of $33.92 and a 1 year high of $70.38. The company’s 50 day simple moving average is $59.10 and its 200 day simple moving average is $59.98. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of -31.93 and a beta of 1.33.

StepStone Group Announces Dividend

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

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.