4 days Ago By Defense World Staff
Wells Fargo & Company MN boosted its holdings in StepStone Group LP ( NASDAQ:STEP – Free Report ) by 29.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,600 shares of the company’s stock after purchasing an additional 43,211 shares during the quarter.
Wells Fargo & Company MN owned approximately 0.17% of StepStone Group worth $11,090,000 at the end of the most recent quarter. Other institutional investors have also recently added to or reduced their stakes in the company.
Barclays PLC increased its position in StepStone Group by 368.2% in the third quarter. Barclays PLC now owns 112,019 shares of the company’s stock worth $6,366,000 after buying an additional 88,095 shares during the period.
Oppenheimer & Co. Inc. bought a new stake in shares of StepStone Group in the 4th quarter worth approximately $388,000.
Cibc World Markets Corp purchased a new position in StepStone Group in the 4th quarter worth about $355,000. Proficio Capital Partners LLC acquired a new stake in StepStone Group during the 4th quarter worth about $941,000. Finally, Principal Financial Group Inc.
lifted its stake in StepStone Group by 4.9% during the fourth quarter. Principal Financial Group Inc.
now owns 438,130 shares of the company’s stock valued at $25,359,000 after buying an additional 20,285 shares in the last quarter. Institutional investors own 55.54% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research firms have recently issued reports on STEP. Morgan Stanley cut 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 report on Monday. Evercore ISI increased their target price on StepStone Group from $63.00 to $69.
00 and gave the company an “outperform” rating in a report on Monday, February 10th. Oppenheimer lifted their price target on StepStone Group from $81.00 to $85.
00 and gave the company an “outperform” rating in a report on Friday, February 7th. 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.
com, the stock presently has an average rating of “Hold” and a consensus price target of $64.21. Insider Buying and Selling In other StepStone Group news, CEO Scott W.
Hart sold 10,000 shares of the business’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 value of $614,300.
00. Following the completion of the sale, the chief executive officer now directly owns 110,000 shares of the company’s stock, valued at $6,757,300. The trade was a 8.
33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, CAO Anthony Keathley sold 538 shares of the firm’s stock in a transaction on Wednesday, February 19th.
The shares were sold at an average price of $63.00, for a total transaction of $33,894.00.
Following the transaction, the chief accounting officer now owns 1,386 shares in the company, valued at $87,318. This represents a 27.96 % decrease in their position.
The disclosure for this sale can be found here . 18.44% of the stock is currently owned by corporate insiders.
StepStone Group Trading Up 1.3 % STEP opened at $47.81 on Wednesday.
The stock has a fifty day moving average price of $54.40 and a 200 day moving average price of $59.28.
StepStone Group LP has a 1 year low of $34.64 and a 1 year high of $70.38.
The stock has a market cap of $5.54 billion, a price-to-earnings ratio of -28.29 and a beta of 1.
36. StepStone Group Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.
24 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.
96 annualized dividend and a dividend yield of 2.01%. StepStone Group’s payout ratio is -56.
80%. StepStone Group Profile ( 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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