BNP Paribas Financial Markets Takes $558,000 Position in StepStone Group LP (NASDAQ:STEP)

BNP Paribas Financial Markets purchased a new stake in StepStone Group LP (NASDAQ:STEP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,636 shares of the company's stock, valued at approximately $558,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new stake in StepStone Group in the 4th quarter valued at $27,000. Raleigh Capital Management Inc. bought a new stake in StepStone Group in the 4th quarter valued at $29,000. IFP Advisors Inc bought a new stake in StepStone Group in the 4th quarter valued at $36,000. Amundi increased its holdings in StepStone Group by 26.7% in the 4th quarter. Amundi now owns 730 shares of the company's stock valued at $42,000 after buying an additional 154 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in StepStone Group by 444.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 969 shares of the company's stock valued at $56,000 after buying an additional 791 shares during the period. Institutional investors own 55.54% of the company's stock.

StepStone Group Trading Down 1.9%

NASDAQ STEP traded down $1.14 on Thursday, hitting $59.12. 823,005 shares of the company were exchanged, compared to its average volume of 684,601. The firm has a 50 day moving average of $52.31 and a two-hundred day moving average of $57.76. The company has a market cap of $6.86 billion, a P/E ratio of -34.98 and a beta of 1.37. StepStone Group LP has a 1-year low of $40.07 and a 1-year high of $70.38.

StepStone Group (NASDAQ:STEP - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.24. The business had revenue of $295.86 million for the quarter, compared to the consensus estimate of $231.87 million. StepStone Group had a negative net margin of 11.29% and a positive return on equity of 12.04%. The firm's quarterly revenue was up 66.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Research analysts anticipate that StepStone Group LP will post 1.82 EPS for the current fiscal year.

StepStone Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, June 13th. This represents a $0.96 annualized dividend and a yield of 1.62%. StepStone Group's dividend payout ratio (DPR) is -40.17%.

Insider Buying and Selling

In other StepStone Group news, CEO Scott W. Hart sold 900 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $60.01, for a total transaction of $54,009.00. Following the transaction, the chief executive officer now directly owns 109,100 shares in the company, valued at approximately $6,547,091. This represents a 0.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jason P. Ment sold 800 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $60.02, for a total transaction of $48,016.00. Following the transaction, the insider now owns 90,663 shares in the company, valued at approximately $5,441,593.26. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,308 shares of company stock worth $5,279,663 in the last 90 days. Corporate insiders own 18.44% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on STEP shares. Evercore ISI boosted their price target 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. Morgan Stanley reduced their target price 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 target price on shares of StepStone Group and gave the company an "outperform" rating in a research note on Wednesday, April 16th. The Goldman Sachs Group boosted their target price on shares of StepStone Group from $57.00 to $63.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Barclays set a $62.00 target price on shares of StepStone Group and gave the company an "equal weight" rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, StepStone Group presently has a consensus rating of "Hold" and a consensus target price of $62.57.

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.