StepStone Group LP (NASDAQ:STEP) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its position in shares of StepStone Group LP (NASDAQ:STEP - Free Report) by 36.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,342 shares of the company's stock after selling 12,617 shares during the period. Jane Street Group LLC's holdings in StepStone Group were worth $1,293,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its stake in shares of StepStone Group by 368.2% during the third quarter. Barclays PLC now owns 112,019 shares of the company's stock valued at $6,366,000 after buying an additional 88,095 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in StepStone Group in the fourth quarter worth about $388,000. Cibc World Markets Corp acquired a new stake in StepStone Group in the fourth quarter worth about $355,000. Proficio Capital Partners LLC acquired a new stake in shares of StepStone Group during the fourth quarter worth about $941,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in StepStone Group during the fourth quarter valued at approximately $331,000. Hedge funds and other institutional investors own 55.54% of the company's stock.

StepStone Group Trading Up 3.5%

STEP traded up $2.01 during mid-day trading on Monday, hitting $58.72. 1,655,463 shares of the stock were exchanged, compared to its average volume of 677,629. The firm's fifty day moving average is $52.04 and its two-hundred day moving average is $57.80. StepStone Group LP has a 1-year low of $40.07 and a 1-year high of $70.38. The company has a market cap of $6.81 billion, a PE ratio of -34.75 and a beta of 1.37.

StepStone Group (NASDAQ:STEP - Get Free Report) last posted its 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 firm had revenue of $295.86 million for the quarter, compared to analyst estimates of $231.87 million. StepStone Group had a positive return on equity of 12.04% and a negative net margin of 11.29%. StepStone Group's 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. As a group, research analysts anticipate that StepStone Group LP will post 1.82 earnings per share for the current year.

StepStone Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, June 13th. StepStone Group's dividend payout ratio is currently -40.17%.

Insider Buying and Selling at StepStone Group

In other news, insider Jason P. Ment sold 800 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $60.02, for a total transaction of $48,016.00. Following the sale, the insider now owns 90,663 shares of the company's stock, valued at approximately $5,441,593.26. This trade represents a 0.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott W. Hart sold 900 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $60.01, for a total value of $54,009.00. Following the sale, the chief executive officer now directly owns 109,100 shares in the company, valued at $6,547,091. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. 18.44% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Evercore ISI boosted their price target on StepStone Group from $63.00 to $69.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Morgan Stanley decreased their price target on 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 company an "outperform" rating in a research note on Wednesday, April 16th. Finally, Barclays decreased their price target on StepStone Group from $69.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Monday, April 7th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, StepStone Group presently has a consensus rating of "Hold" and an average target price of $61.64.

StepStone Group Company 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.