Northern Trust Corp Has $40.09 Million Stock Holdings in StepStone Group LP (NASDAQ:STEP)

Northern Trust Corp boosted its position in shares of StepStone Group LP (NASDAQ:STEP - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 692,570 shares of the company's stock after purchasing an additional 54,099 shares during the period. Northern Trust Corp owned 0.60% of StepStone Group worth $40,086,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Amundi grew 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 buying an additional 154 shares in the last quarter. Mutual of America Capital Management LLC grew its position in StepStone Group by 1.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 9,578 shares of the company's stock worth $554,000 after acquiring an additional 157 shares in the last quarter. Blue Trust Inc. increased its stake in shares of StepStone Group by 25.5% during the 4th quarter. Blue Trust Inc. now owns 1,079 shares of the company's stock worth $61,000 after purchasing an additional 219 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of StepStone Group by 36.6% in the 4th quarter. GAMMA Investing LLC now owns 844 shares of the company's stock valued at $49,000 after purchasing an additional 226 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in StepStone Group by 1.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the company's stock worth $1,771,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 55.54% of the company's stock.

Insiders Place Their Bets

In other news, CAO Anthony Keathley sold 538 shares of StepStone Group stock in a transaction that occurred 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 sale, the chief accounting officer now owns 1,386 shares of the company's stock, valued at approximately $87,318. This trade represents a 27.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Company insiders own 18.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on STEP. Evercore ISI raised their target price on StepStone Group from $63.00 to $69.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Barclays cut their price objective 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. Morgan Stanley decreased their target price 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. Finally, Oppenheimer set a $67.00 price target on shares of StepStone Group and gave the company an "outperform" rating in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $61.64.

StepStone Group Trading Down 1.2 %

Shares of StepStone Group stock opened at $54.67 on Friday. The company has a market cap of $6.34 billion, a price-to-earnings ratio of -32.35 and a beta of 1.37. StepStone Group LP has a 1 year low of $36.97 and a 1 year high of $70.38. The company's fifty day simple moving average is $50.85 and its 200-day simple moving average is $58.12.

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.

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