StepStone Group LP (NASDAQ:STEP) Stock Holdings Decreased by Bamco Inc. NY

Bamco Inc. NY lessened its stake in shares of StepStone Group LP (NASDAQ:STEP - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,515 shares of the company's stock after selling 25,188 shares during the quarter. Bamco Inc. NY owned 0.12% of StepStone Group worth $8,133,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new stake in StepStone Group in the fourth quarter valued at approximately $27,000. Raleigh Capital Management Inc. purchased a new position in shares of StepStone Group in the fourth quarter valued at $29,000. IFP Advisors Inc acquired a new stake in StepStone Group during the 4th quarter valued at $36,000. Amundi increased its stake in StepStone Group by 26.7% during the 4th quarter. Amundi now owns 730 shares of the company's stock worth $42,000 after buying an additional 154 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in StepStone Group by 36.6% in the 4th quarter. GAMMA Investing LLC now owns 844 shares of the company's stock worth $49,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 55.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Evercore ISI lifted their target price on StepStone Group from $63.00 to $69.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Oppenheimer set a $67.00 target price on StepStone Group and gave the company an "outperform" rating in a research report on Wednesday, April 16th. Barclays reduced their target price on StepStone Group from $69.00 to $48.00 and set an "equal weight" rating for the company in a research note on Monday, April 7th. Finally, Morgan Stanley reduced their price objective on shares of StepStone Group from $66.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $61.64.

StepStone Group Stock Down 1.2 %

Shares of NASDAQ:STEP traded down $0.67 during trading on Friday, hitting $54.67. 382,392 shares of the company traded hands, compared to its average volume of 672,799. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of -32.35 and a beta of 1.37. The business's fifty day moving average is $50.85 and its 200-day moving average is $58.10. StepStone Group LP has a one year low of $36.97 and a one year high of $70.38.

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 stock was sold at an average price of $63.00, for a total transaction of $33,894.00. Following the sale, the chief accounting officer now owns 1,386 shares of the company's stock, valued at $87,318. The trade was a 27.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott W. Hart sold 10,000 shares of the 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 transaction, the chief executive officer now owns 110,000 shares of the company's stock, valued at $6,757,300. This trade represents a 8.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.44% of the stock is currently owned by company insiders.

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.