Schonfeld Strategic Advisors LLC Acquires New Holdings in StepStone Group LP (NASDAQ:STEP)

Schonfeld Strategic Advisors LLC acquired a new position in StepStone Group LP (NASDAQ:STEP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 80,140 shares of the company's stock, valued at approximately $4,639,000. Schonfeld Strategic Advisors LLC owned about 0.07% of StepStone Group as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Amundi boosted its holdings in StepStone Group by 26.7% in the 4th quarter. Amundi now owns 730 shares of the company's stock worth $42,000 after buying an additional 154 shares during the period. Mutual of America Capital Management LLC grew its position in shares of 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 valued at $554,000 after purchasing an additional 157 shares in the last quarter. Blue Trust Inc. raised 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 valued at $61,000 after purchasing an additional 219 shares during the period. GAMMA Investing LLC lifted its holdings in StepStone Group by 36.6% during the 4th quarter. GAMMA Investing LLC now owns 844 shares of the company's stock worth $49,000 after purchasing an additional 226 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in StepStone Group by 1.0% in the 4th 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 during the period. 55.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Anthony Keathley sold 538 shares of the firm's 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 completion of the transaction, the chief accounting officer now owns 1,386 shares of the company's stock, valued at $87,318. This trade represents a 27.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott W. Hart sold 10,000 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $61.43, for a total transaction of $614,300.00. Following the completion of the transaction, the chief executive officer now owns 110,000 shares in the company, valued at approximately $6,757,300. The trade was a 8.33 % decrease in their position. The disclosure for this sale can be found here. 18.44% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on STEP. Oppenheimer set a $67.00 target price on shares of StepStone Group and gave the stock an "outperform" rating in a research note on Wednesday, April 16th. Morgan Stanley reduced their price target on shares of StepStone Group from $66.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Evercore ISI boosted their target price on StepStone Group from $63.00 to $69.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Finally, Barclays dropped their price target on shares of StepStone Group from $69.00 to $48.00 and set an "equal weight" rating for the company in a research report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $61.64.

StepStone Group Stock Performance

Shares of NASDAQ STEP traded down $1.00 during mid-day trading on Monday, hitting $53.60. 437,201 shares of the stock traded hands, compared to its average volume of 669,015. The company has a market cap of $6.22 billion, a price-to-earnings ratio of -31.72 and a beta of 1.37. The stock has a fifty day moving average price of $51.18 and a 200-day moving average price of $58.26. StepStone Group LP has a 52 week low of $36.97 and a 52 week high of $70.38.

StepStone Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Friday, February 28th. StepStone Group's dividend payout ratio is presently -56.80%.

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.