Y Intercept Hong Kong Ltd purchased a new stake in StepStone Group LP (NASDAQ:STEP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,922 shares of the company's stock, valued at approximately $459,000.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of StepStone Group by 12.4% in the third quarter. State Street Corp now owns 2,401,034 shares of the company's stock valued at $136,451,000 after buying an additional 265,240 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of StepStone Group by 17.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,457,690 shares of the company's stock worth $82,856,000 after acquiring an additional 216,029 shares during the period. FMR LLC boosted its stake in shares of StepStone Group by 3.7% during the 3rd quarter. FMR LLC now owns 3,999,819 shares of the company's stock worth $227,310,000 after acquiring an additional 141,637 shares during the period. Principal Financial Group Inc. boosted its stake in shares of StepStone Group by 43.3% during the 3rd quarter. Principal Financial Group Inc. now owns 417,845 shares of the company's stock worth $23,746,000 after acquiring an additional 126,315 shares during the period. Finally, Barclays PLC boosted its stake in shares of StepStone Group by 368.2% during the 3rd quarter. Barclays PLC now owns 112,019 shares of the company's stock worth $6,366,000 after acquiring an additional 88,095 shares during the period. 55.54% of the stock is currently owned by institutional investors.

NASDAQ:STEP opened at $60.16 on Monday. The stock has a fifty day moving average price of $61.09 and a 200-day moving average price of $59.99. The company has a market cap of $6.98 billion, a price-to-earnings ratio of -35.60 and a beta of 1.31. StepStone Group LP has a fifty-two week low of $32.58 and a fifty-two week high of $70.38.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.60%. StepStone Group's payout ratio is -56.80%.

In other news, CAO Anthony Keathley sold 538 shares of the company's stock in a transaction on 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 sale, the chief accounting officer now directly owns 1,386 shares in the company, valued at approximately $87,318. This represents a 27.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Scott W. Hart sold 22,091 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $63.24, for a total value of $1,397,034.84. Following the sale, the chief executive officer now owns 157,909 shares of the company's stock, valued at approximately $9,986,165.16. The trade was a 12.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 36,629 shares of company stock worth $2,302,229. 18.44% of the stock is currently owned by company insiders.

Several brokerages have recently commented on STEP. Morgan Stanley lifted their target price on StepStone Group from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. The Goldman Sachs Group lifted their target price on StepStone Group from $64.00 to $70.50 and gave the stock a "neutral" rating in a research note on Tuesday, November 19th. Oppenheimer lifted their target price on StepStone Group from $81.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Barclays boosted their price target on StepStone Group from $66.00 to $69.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Finally, Evercore ISI boosted their price target on StepStone Group from $63.00 to $69.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, StepStone Group currently has a consensus rating of "Hold" and a consensus price target of $69.21.

Read Our Latest Stock Report on STEP

(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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