StepStone Group LP (NASDAQ:STEP) Holdings Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in StepStone Group LP (NASDAQ:STEP - Free Report) by 353.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 661,799 shares of the company's stock after purchasing an additional 515,760 shares during the period. Ameriprise Financial Inc. owned about 0.57% of StepStone Group worth $38,305,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in STEP. Amundi lifted its position in shares of StepStone Group by 26.7% during the 4th quarter. Amundi now owns 730 shares of the company's stock worth $42,000 after purchasing an additional 154 shares during the last quarter. Mutual of America Capital Management LLC increased its stake 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 valued at $554,000 after purchasing an additional 157 shares during the period. Blue Trust Inc. increased its stake in StepStone Group by 25.5% in the fourth 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 increased its stake in StepStone Group by 36.6% in the fourth 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 period. Finally, Louisiana State Employees Retirement System increased its stake in shares of StepStone Group by 1.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the company's stock worth $1,771,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 55.54% of the company's stock.

Wall Street Analyst Weigh In

STEP has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of 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 dropped 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 note on Monday, April 14th. Evercore ISI upped their target price on shares of StepStone Group from $63.00 to $69.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, Oppenheimer set a $67.00 target price on shares of StepStone Group and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, StepStone Group presently has a consensus rating of "Hold" and a consensus target price of $61.64.

Insider Activity at StepStone Group

In related news, insider Jason P. Ment sold 800 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $60.02, for a total transaction of $48,016.00. Following the completion of the sale, the insider now directly owns 90,663 shares of the company's stock, valued at approximately $5,441,593.26. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anthony Keathley sold 538 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $87,318. The trade was a 27.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,238 shares of company stock valued at $750,219. Company insiders own 18.44% of the company's stock.

StepStone Group Price Performance

Shares of NASDAQ STEP traded up $0.80 on Friday, hitting $59.55. The company's stock had a trading volume of 483,538 shares, compared to its average volume of 672,631. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of -35.24 and a beta of 1.37. The stock has a 50 day moving average of $51.52 and a 200-day moving average of $58.01. StepStone Group LP has a 12-month low of $36.97 and a 12-month high of $70.38.

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.