StepStone Group (NASDAQ:STEP) Given New $69.00 Price Target at Barclays

StepStone Group (NASDAQ:STEP) had its target price hoisted by Barclays from $66.00 to $69.00 in a research report report published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other research analysts also recently issued research reports about the company. Morgan Stanley increased their target price on StepStone Group from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. Oppenheimer raised their price objective on shares of StepStone Group from $81.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday. Evercore ISI reduced their target price on shares of StepStone Group from $71.00 to $63.00 and set an “outperform” rating for the company in a report on Friday, January 17th. UBS Group lifted their price target on shares of StepStone Group from $55.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped their price objective on StepStone Group from $64.00 to $70.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $68.36.

StepStone Group Trading Up 0.8 %

StepStone Group stock opened at $64.48 on Friday. StepStone Group has a 12 month low of $32.58 and a 12 month high of $70.38. The business’s fifty day simple moving average is $61.33 and its two-hundred day simple moving average is $58.65. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of -38.15 and a beta of 1.31.

StepStone Group (NASDAQ:STEP) last posted its earnings results on Thursday, November 7th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. StepStone Group had a positive return on equity of 11.53% and a negative net margin of 11.29%. The business had revenue of $271.68 million during the quarter, compared to analyst estimates of $215.51 million. During the same quarter last year, the company earned $0.26 EPS. On average, equities research analysts predict that StepStone Group will post 1.82 EPS for the current year.

StepStone Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, February 28th. StepStone Group’s dividend payout ratio (DPR) is -56.80%.

Insider Transactions at StepStone Group

In related news, insider Michael I. Mccabe sold 4,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $64.25, for a total transaction of $257,000.00. Following the completion of the sale, the insider now owns 686,516 shares of the company’s stock, valued at $44,108,653. This represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anthony Keathley sold 729 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $68.85, for a total value of $50,191.65. Following the completion of the sale, the chief accounting officer now directly owns 2,158 shares of the company’s stock, valued at $148,578.30. The trade was a 25.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,820 shares of company stock valued at $1,908,856. Corporate insiders own 18.44% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. FMR LLC raised its position in StepStone Group by 3.7% during the third quarter. FMR LLC now owns 3,999,819 shares of the company’s stock valued at $227,310,000 after acquiring an additional 141,637 shares in the last quarter. State Street Corp increased its holdings in shares of StepStone Group by 12.4% during the 3rd quarter. State Street Corp now owns 2,401,034 shares of the company’s stock valued at $136,451,000 after purchasing an additional 265,240 shares in the last quarter. Geode Capital Management LLC boosted its holdings in StepStone Group by 17.4% during the third quarter. Geode Capital Management LLC now owns 1,457,690 shares of the company’s stock worth $82,856,000 after buying an additional 216,029 shares in the last quarter. Franklin Resources Inc. boosted its holdings in StepStone Group by 11.9% during the third quarter. Franklin Resources Inc. now owns 805,195 shares of the company’s stock worth $48,279,000 after buying an additional 85,904 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in StepStone Group during the fourth quarter valued at $46,163,000. Hedge funds and other institutional investors own 55.54% of the company’s stock.

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.