StepStone Group LP (NASDAQ:STEP) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in StepStone Group LP (NASDAQ:STEP - Free Report) by 17.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,220 shares of the company's stock after purchasing an additional 19,201 shares during the quarter. Barclays PLC owned about 0.11% of StepStone Group worth $7,596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. raised its stake in StepStone Group by 9.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,866 shares of the company's stock worth $397,000 after acquiring an additional 569 shares in the last quarter. CenterBook Partners LP purchased a new position in StepStone Group during the 4th quarter worth approximately $1,179,000. Raymond James Financial Inc. acquired a new position in StepStone Group during the fourth quarter worth approximately $46,163,000. Legal & General Group Plc grew its position in shares of StepStone Group by 3.0% during the fourth quarter. Legal & General Group Plc now owns 172,621 shares of the company's stock worth $9,991,000 after acquiring an additional 4,959 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of StepStone Group by 11.5% in the 4th quarter. Invesco Ltd. now owns 3,542,270 shares of the company's stock valued at $205,027,000 after acquiring an additional 366,154 shares during the period. Institutional investors and hedge funds own 55.54% of the company's stock.

Insider Buying and Selling at StepStone Group

In other StepStone Group news, CAO Anthony Keathley sold 538 shares of the 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 transaction, the chief accounting officer now owns 1,386 shares of the company's stock, valued at $87,318. This represents a 27.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Scott W. Hart sold 10,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $61.43, for a total value 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. The trade was 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 owned by insiders.

Wall Street Analyst Weigh In

STEP has been the topic of a number of recent research reports. Morgan Stanley dropped 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. Oppenheimer set a $67.00 price target on StepStone Group and gave the stock an "outperform" rating in a report on Wednesday, April 16th. Evercore ISI lifted their target price on shares of StepStone Group from $63.00 to $69.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, Barclays dropped their target price on StepStone Group from $69.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, StepStone Group has a consensus rating of "Hold" and a consensus price target of $61.64.

StepStone Group Stock Down 0.5 %

Shares of STEP traded down $0.27 during mid-day trading on Tuesday, reaching $49.96. 54,134 shares of the company's stock were exchanged, compared to its average volume of 660,716. The company has a 50-day simple moving average of $51.87 and a two-hundred day simple moving average of $58.55. The company has a market cap of $5.79 billion, a price-to-earnings ratio of -29.54 and a beta of 1.36. StepStone Group LP has a 52-week low of $35.25 and a 52-week high of $70.38.

StepStone Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, February 28th. StepStone Group's payout ratio is -56.80%.

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.