StepStone Group LP (NASDAQ:STEP) Stake Lifted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in StepStone Group LP (NASDAQ:STEP - Free Report) by 162.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,734 shares of the company's stock after purchasing an additional 5,402 shares during the quarter. Tower Research Capital LLC TRC's holdings in StepStone Group were worth $506,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Amundi increased its holdings in 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 grew its position in shares of StepStone Group by 1.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 9,578 shares of the company's stock worth $554,000 after buying an additional 157 shares in the last quarter. Blue Trust Inc. increased its stake in shares of StepStone Group by 25.5% in the fourth quarter. Blue Trust Inc. now owns 1,079 shares of the company's stock worth $61,000 after buying an additional 219 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 acquiring an additional 226 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in StepStone Group by 1.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the company's stock valued at $1,771,000 after acquiring an additional 300 shares during the last quarter. 55.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at StepStone Group

In other StepStone Group news, CAO Anthony Keathley sold 538 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were 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 directly owns 1,386 shares of the company's stock, valued at $87,318. The trade was a 27.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Scott W. Hart sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $61.43, for a total transaction of $614,300.00. Following the completion of the sale, the chief executive officer now owns 110,000 shares in the company, valued at $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 currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on STEP shares. Evercore ISI boosted 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. Morgan Stanley cut their price objective on 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. Oppenheimer set a $67.00 target price on StepStone Group and gave the stock an "outperform" rating in a research report on Wednesday, April 16th. Finally, Barclays dropped their price target on StepStone Group from $69.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $61.64.

StepStone Group Stock Performance

Shares of StepStone Group stock traded up $3.06 on Friday, reaching $54.60. 814,555 shares of the company were exchanged, compared to its average volume of 669,789. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of -32.31 and a beta of 1.36. StepStone Group LP has a 1-year low of $36.97 and a 1-year high of $70.38. The company's 50-day moving average is $51.29 and its two-hundred day moving average is $58.31.

StepStone Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.76%. The ex-dividend date 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.