Harbor Capital Advisors Inc. Grows Holdings in StepStone Group LP (NASDAQ:STEP)

Harbor Capital Advisors Inc. boosted its holdings in shares of StepStone Group LP (NASDAQ:STEP) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,474 shares of the company’s stock after acquiring an additional 1,387 shares during the period. Harbor Capital Advisors Inc.’s holdings in StepStone Group were worth $954,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of STEP. GAMMA Investing LLC lifted its holdings in shares of 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 during the last quarter. Blue Trust Inc. increased its position in StepStone Group by 1,586.3% during the 3rd quarter. Blue Trust Inc. now owns 860 shares of the company’s stock valued at $49,000 after buying an additional 809 shares in the last quarter. US Bancorp DE raised its stake in StepStone Group by 442.7% during the third quarter. US Bancorp DE now owns 966 shares of the company’s stock valued at $55,000 after buying an additional 788 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in StepStone Group in the third quarter worth $63,000. Finally, CWM LLC grew its stake in shares of StepStone Group by 190.4% in the third quarter. CWM LLC now owns 1,185 shares of the company’s stock worth $67,000 after acquiring an additional 777 shares during the last quarter. Institutional investors own 55.54% of the company’s stock.

StepStone Group Trading Down 1.1 %

Shares of STEP opened at $57.29 on Tuesday. The firm has a fifty day simple moving average of $62.39 and a two-hundred day simple moving average of $56.57. The firm has a market cap of $6.60 billion, a PE ratio of 95.48 and a beta of 1.31. StepStone Group LP has a 1-year low of $31.15 and a 1-year high of $70.38.

StepStone Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Friday, November 29th. StepStone Group’s dividend payout ratio (DPR) is presently 160.00%.

Insider Buying and Selling at StepStone Group

In other news, CAO Anthony Keathley sold 729 shares of StepStone Group stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $68.85, for a total transaction of $50,191.65. Following the transaction, the chief accounting officer now owns 2,158 shares in the company, valued at $148,578.30. This trade represents a 25.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael I. Mccabe sold 4,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 686,516 shares of the company’s stock, valued at approximately $44,108,653. The trade was a 0.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,820 shares of company stock valued at $1,908,856. 18.44% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barclays dropped their price target on shares of StepStone Group from $72.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Monday, December 9th. Morgan Stanley upped their target price on shares of StepStone Group from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 14th. UBS Group raised their price target on shares of StepStone Group from $55.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI upped their price objective on StepStone Group from $52.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Oppenheimer lifted their target price on StepStone Group from $73.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $66.64.

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.