WINTON GROUP Ltd lifted its holdings in StepStone Group Inc. (NASDAQ:STEP – Free Report) by 45.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,796 shares of the company’s stock after acquiring an additional 13,274 shares during the period. WINTON GROUP Ltd’s holdings in StepStone Group were worth $1,770,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its stake in StepStone Group by 1.2% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,895 shares of the company’s stock valued at $806,000 after purchasing an additional 200 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in StepStone Group by 1.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,234 shares of the company’s stock worth $870,000 after purchasing an additional 213 shares during the period. PNC Financial Services Group Inc. grew its holdings in StepStone Group by 4.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,899 shares of the company’s stock valued at $443,000 after buying an additional 297 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in StepStone Group by 27.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,423 shares of the company’s stock valued at $91,000 after buying an additional 303 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in StepStone Group by 7.5% during the 3rd quarter. Mackenzie Financial Corp now owns 4,409 shares of the company’s stock valued at $288,000 after buying an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 55.54% of the company’s stock.
StepStone Group Stock Down 0.9%
NASDAQ STEP opened at $48.92 on Friday. The stock has a 50 day moving average price of $47.00 and a 200-day moving average price of $47.72. StepStone Group Inc. has a one year low of $38.85 and a one year high of $77.79. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market capitalization of $5.84 billion, a P/E ratio of -6.34 and a beta of 1.29.
StepStone Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.33 dividend. This is a boost from StepStone Group’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, August 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. StepStone Group’s payout ratio is presently -17.10%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of StepStone Group in a report on Monday, July 20th. Morgan Stanley reduced their price target on shares of StepStone Group from $72.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. BMO Capital Markets reiterated an “outperform” rating and issued a $58.00 price target on shares of StepStone Group in a research note on Friday, August 7th. Barclays increased their price objective on shares of StepStone Group from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Evercore restated an “outperform” rating and set a $56.00 price objective on shares of StepStone Group in a research report on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, StepStone Group has a consensus rating of “Moderate Buy” and an average price target of $70.56.
Get Our Latest Research Report on STEP
StepStone Group Company Profile
StepStone Group, Inc is a global investment firm focused on the private markets. The company designs and manages investment programs for institutional investors, family offices, private wealth clients and other organizations seeking access to private-market opportunities.
Its activities include investing in and managing portfolios of private equity, venture capital, private debt, real estate and infrastructure investments. StepStone provides customized portfolios, primary fund investments, secondary-market transactions, co-investments and advisory services across these asset classes.
Founded in 2013, StepStone serves clients through a global network of offices and investment professionals.
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