StepStone Group LP (NASDAQ:STEP) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its holdings in shares of StepStone Group LP (NASDAQ:STEP) by 12.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,081 shares of the company’s stock after buying an additional 5,701 shares during the period. Los Angeles Capital Management LLC’s holdings in StepStone Group were worth $2,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in StepStone Group by 291.1% during the third quarter. GAMMA Investing LLC now owns 618 shares of the company’s stock valued at $35,000 after purchasing an additional 460 shares in the last quarter. Blue Trust Inc. boosted its holdings in StepStone Group by 1,586.3% in the 3rd quarter. Blue Trust Inc. now owns 860 shares of the company’s stock worth $49,000 after buying an additional 809 shares during the last quarter. US Bancorp DE boosted its holdings in StepStone Group by 442.7% in the 3rd quarter. US Bancorp DE now owns 966 shares of the company’s stock worth $55,000 after buying an additional 788 shares during the last quarter. CWM LLC increased its stake in StepStone Group by 190.4% during the 3rd quarter. CWM LLC now owns 1,185 shares of the company’s stock worth $67,000 after buying an additional 777 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of StepStone Group during the second quarter valued at approximately $111,000. Institutional investors and hedge funds own 55.54% of the company’s stock.

StepStone Group Trading Down 1.9 %

STEP stock opened at $68.03 on Wednesday. StepStone Group LP has a 12-month low of $25.06 and a 12-month high of $70.38. The business’s fifty day moving average price is $58.50 and its 200 day moving average price is $49.87. The company has a market capitalization of $7.53 billion, a PE ratio of 113.38 and a beta of 1.27.

StepStone Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, November 29th. StepStone Group’s dividend payout ratio is currently 160.00%.

Wall Street Analyst Weigh In

STEP has been the subject of several research reports. Barclays boosted their price target on StepStone Group from $51.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Morgan Stanley raised their price target on shares of StepStone Group from $52.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Evercore ISI upped their price objective on shares of StepStone Group from $52.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. The Goldman Sachs Group boosted their target price on StepStone Group from $51.50 to $57.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Finally, Oppenheimer upped their target price on StepStone Group from $56.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, StepStone Group presently has an average rating of “Hold” and an average price target of $61.71.

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.