UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 63,573 Shares of StepStone Group LP (NASDAQ:STEP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in StepStone Group LP (NASDAQ:STEP - Free Report) by 68.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 156,920 shares of the company's stock after purchasing an additional 63,573 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of StepStone Group worth $9,083,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new stake in StepStone Group during the 4th quarter worth about $27,000. IFP Advisors Inc bought a new stake in shares of StepStone Group in the 4th quarter valued at about $36,000. Amundi increased its stake in shares of StepStone Group by 26.7% in the 4th quarter. Amundi now owns 730 shares of the company's stock valued at $42,000 after acquiring an additional 154 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of 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 acquiring an additional 791 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of StepStone Group by 25.5% in the 4th quarter. Blue Trust Inc. now owns 1,079 shares of the company's stock valued at $61,000 after acquiring an additional 219 shares during the last quarter. Institutional investors and hedge funds own 55.54% of the company's stock.

StepStone Group Price Performance

Shares of STEP traded down $0.56 during mid-day trading on Wednesday, hitting $56.56. 715,303 shares of the company's stock were exchanged, compared to its average volume of 687,221. The company has a market cap of $6.58 billion, a PE ratio of -33.47 and a beta of 1.40. StepStone Group LP has a 52 week low of $40.07 and a 52 week high of $70.38. The company has a 50-day simple moving average of $52.53 and a 200 day simple moving average of $57.53.

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

StepStone Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Friday, June 13th. StepStone Group's dividend payout ratio is -40.17%.

Analyst Ratings Changes

STEP has been the subject of a number of recent analyst reports. 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. Morgan Stanley decreased their price objective on StepStone Group from $66.00 to $51.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Evercore ISI boosted their price objective on StepStone Group from $63.00 to $69.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. The Goldman Sachs Group boosted their price objective on StepStone Group from $57.00 to $63.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Finally, Barclays set a $62.00 price objective on StepStone Group and gave the company an "equal weight" rating in a research report on Tuesday, May 27th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, StepStone Group currently has a consensus rating of "Hold" and an average target price of $62.57.

Insider Buying and Selling at StepStone Group

In other StepStone Group news, CEO Scott W. Hart sold 900 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $60.01, for a total transaction of $54,009.00. Following the completion of the sale, the chief executive officer now owns 109,100 shares of the company's stock, valued at $6,547,091. This trade represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jason P. Ment sold 800 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $60.02, for a total value of $48,016.00. Following the transaction, the insider now owns 90,663 shares in the company, valued at $5,441,593.26. The trade was a 0.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 338,426 shares of company stock valued at $20,325,626 in the last quarter. 18.44% of the stock is currently owned by 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.