StepStone Group LP (NASDAQ:STEP - Get Free Report) CEO Scott W. Hart sold 27,697 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $60.06, for a total value of $1,663,481.82. Following the sale, the chief executive officer now directly owns 80,000 shares of the company's stock, valued at approximately $4,804,800. This trade represents a 25.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
StepStone Group Price Performance
NASDAQ STEP traded down $1.31 during trading hours on Friday, hitting $57.81. The company had a trading volume of 776,842 shares, compared to its average volume of 686,235. StepStone Group LP has a fifty-two week low of $40.07 and a fifty-two week high of $70.38. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of -34.21 and a beta of 1.37. The firm's 50 day moving average is $52.32 and its 200 day moving average is $57.69.
StepStone Group (NASDAQ:STEP - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.24. The business 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 company's revenue for the quarter was up 66.8% compared to the same quarter last year. During the same period last year, the firm earned $0.33 earnings per share. On average, equities analysts anticipate that StepStone Group LP will post 1.82 EPS for the current year.
StepStone Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.66%. StepStone Group's dividend payout ratio (DPR) is -40.17%.
Wall Street Analyst Weigh In
STEP has been the subject of several recent analyst reports. Oppenheimer set a $67.00 target price on StepStone Group and gave the stock an "outperform" rating in a research note on Wednesday, April 16th. The Goldman Sachs Group lifted their target price on StepStone Group from $57.00 to $63.00 and gave the company a "neutral" rating in a report on Wednesday. Barclays set a $62.00 price target on StepStone Group and gave the stock an "equal weight" rating in a report on Tuesday. Evercore ISI lifted their price target on StepStone Group from $63.00 to $69.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, Morgan Stanley reduced their target price on StepStone Group from $66.00 to $51.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, StepStone Group presently has an average rating of "Hold" and an average target price of $62.57.
Read Our Latest Analysis on StepStone Group
Hedge Funds Weigh In On StepStone Group
A number of large investors have recently bought and sold shares of the business. Barclays PLC raised its holdings 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 last quarter. Nisa Investment Advisors LLC raised its holdings in shares of StepStone Group by 166.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,602 shares of the company's stock valued at $93,000 after buying an additional 1,000 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of StepStone Group by 25.5% during the fourth quarter. Blue Trust Inc. now owns 1,079 shares of the company's stock valued at $61,000 after buying an additional 219 shares during the last quarter. KBC Group NV raised its holdings in shares of StepStone Group by 64.8% during the fourth quarter. KBC Group NV now owns 3,032 shares of the company's stock valued at $175,000 after buying an additional 1,192 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of StepStone Group during the fourth quarter valued at approximately $91,000. Institutional investors own 55.54% of the company's stock.
StepStone Group Company Profile
(
Get Free Report)
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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