12,610 Shares in StepStone Group LP (NASDAQ:STEP) Bought by FORA Capital LLC

FORA Capital LLC purchased a new stake in StepStone Group LP (NASDAQ:STEP) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 12,610 shares of the company’s stock, valued at approximately $717,000.

A number of other hedge funds also recently made changes to their positions in STEP. GAMMA Investing LLC raised its holdings in shares of StepStone Group by 291.1% in the 3rd quarter. GAMMA Investing LLC now owns 618 shares of the company’s stock worth $35,000 after buying an additional 460 shares in the last quarter. Blue Trust Inc. raised its stake in StepStone Group by 1,586.3% during the third quarter. Blue Trust Inc. now owns 860 shares of the company’s stock worth $49,000 after acquiring an additional 809 shares in the last quarter. US Bancorp DE lifted its holdings in shares of StepStone Group by 442.7% during the third quarter. US Bancorp DE now owns 966 shares of the company’s stock valued at $55,000 after acquiring an additional 788 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of StepStone Group in the 3rd quarter valued at $63,000. Finally, CWM LLC grew its holdings in shares of StepStone Group by 190.4% in the 3rd quarter. CWM LLC now owns 1,185 shares of the company’s stock worth $67,000 after purchasing an additional 777 shares during the last quarter. Institutional investors and hedge funds own 55.54% of the company’s stock.

StepStone Group Stock Down 1.0 %

Shares of STEP opened at $66.04 on Friday. The stock’s fifty day simple moving average is $61.58 and its 200-day simple moving average is $52.20. The firm has a market capitalization of $7.61 billion, a PE ratio of 110.07 and a beta of 1.27. StepStone Group LP has a 12-month low of $25.06 and a 12-month high of $70.38.

StepStone Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 1.45%. StepStone Group’s dividend payout ratio is currently 160.00%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

STEP has been the subject of several analyst reports. Barclays lifted their price target on shares of StepStone Group from $51.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. 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. Evercore ISI raised their price target on StepStone Group from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, October 14th. The Goldman Sachs Group increased their target price on StepStone Group from $64.00 to $70.50 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Finally, Oppenheimer lifted their price target on StepStone Group from $56.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $64.36.

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.