StepStone Group LP (NASDAQ:STEP) Stake Raised by National Bank of Canada FI

National Bank of Canada FI increased its holdings in shares of StepStone Group LP (NASDAQ:STEP - Free Report) by 74.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,516 shares of the company's stock after purchasing an additional 70,454 shares during the quarter. National Bank of Canada FI owned 0.15% of StepStone Group worth $5,197,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of STEP. Victory Capital Management Inc. acquired a new stake in shares of StepStone Group in the third quarter valued at $365,000. Arizona State Retirement System boosted its position in StepStone Group by 7.8% in the 3rd quarter. Arizona State Retirement System now owns 15,207 shares of the company's stock valued at $480,000 after buying an additional 1,102 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of StepStone Group by 34.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,510 shares of the company's stock worth $494,000 after acquiring an additional 3,937 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of StepStone Group by 30.1% during the third quarter. Principal Financial Group Inc. now owns 21,974 shares of the company's stock worth $694,000 after acquiring an additional 5,089 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in StepStone Group by 3.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,644 shares of the company's stock valued at $784,000 after purchasing an additional 722 shares during the period. 55.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on STEP shares. Barclays raised their price objective on shares of StepStone Group from $37.00 to $38.00 and gave the stock an "equal weight" rating in a report on Monday, April 8th. TheStreet lowered StepStone Group from a "b-" rating to a "c+" rating in a report on Friday, February 9th. Morgan Stanley boosted their target price on StepStone Group from $28.00 to $35.00 and gave the company an "equal weight" rating in a report on Wednesday, January 24th. UBS Group raised their price target on StepStone Group from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Friday, April 12th. Finally, Oppenheimer assumed coverage on StepStone Group in a research report on Wednesday, March 20th. They set an "outperform" rating and a $48.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $35.21.

StepStone Group Price Performance

Shares of STEP stock traded down $0.29 during midday trading on Friday, hitting $37.97. The company had a trading volume of 166,661 shares, compared to its average volume of 337,517. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 42.19 and a beta of 1.23. The company's 50 day simple moving average is $35.31 and its 200 day simple moving average is $32.23. StepStone Group LP has a 52-week low of $19.83 and a 52-week high of $38.70.

StepStone Group (NASDAQ:STEP - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.12. The firm had revenue of ($14.61) million during the quarter, compared to analysts' expectations of $142.29 million. Analysts anticipate that StepStone Group LP will post 1.16 EPS for the current year.

Insider Transactions at StepStone Group

In other StepStone Group news, Director Thomas Keck sold 3,694 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $35.47, for a total transaction of $131,026.18. Following the transaction, the director now owns 200,750 shares in the company, valued at approximately $7,120,602.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder James Lim sold 9,008 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $35.06, for a total value of $315,820.48. Following the completion of the transaction, the insider now owns 6,388,746 shares in the company, valued at approximately $223,989,434.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas Keck sold 3,694 shares of the business's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.47, for a total transaction of $131,026.18. Following the sale, the director now directly owns 200,750 shares in the company, valued at approximately $7,120,602.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,514 shares of company stock worth $3,233,084. Company insiders own 19.89% of the company's stock.

StepStone Group Company Profile

StepStone Group LP. is an investment firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, private equity and buyout investments in mature and middle market companies.