<div id="readability-page-1"><p>StepStone Group LP (NASDAQ:STEP - Get Free Report) CEO Scott W. Hart sold 1,403 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $60.01, for a total value of $84,194.03. Following the completion of the sale, the chief executive officer now owns 107,697 shares in the company, valued at $6,462,896.97. This represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.</p><div><p><span></span><span>Get <strong>StepStone Group</strong> alerts:</span></p></div><h2>StepStone Group Stock Performance</h2><ul><li>3 Late-Season Earnings Plays for Mid-Cap Traders</li></ul><p>STEP stock traded up $0.96 during midday trading on Wednesday, reaching $60.26. 2,013,345 shares of the company traded hands, compared to its average volume of 683,987. StepStone Group LP has a 52-week low of $40.07 and a 52-week high of $70.38. The business has a 50 day moving average of $52.25 and a 200-day moving average of $57.83. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of -35.66 and a beta of 1.37. </p><p>StepStone Group (NASDAQ:STEP - Get Free Report) last released its earnings results on Thursday, May 22nd. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.24. The firm had revenue of $295.86 million for the quarter, compared to analysts' expectations of $231.87 million. StepStone Group had a positive return on equity of 12.04% and a negative net margin of 11.29%. The company's quarterly revenue was up 66.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 earnings per share.  Research analysts anticipate that  StepStone Group LP will post 1.82 earnings per share for the current year. </p><h2>StepStone Group Dividend Announcement</h2><p>The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.59%. StepStone Group's dividend payout ratio  is -40.17%. </p><h2>Institutional Inflows and Outflows</h2><p>A number of hedge funds have recently modified their holdings of STEP. Steward Partners Investment Advisory LLC bought a new position in shares of  StepStone Group during the fourth quarter valued at approximately $27,000.  Versant Capital Management Inc bought a new position in shares of  StepStone Group during the first quarter valued at approximately $35,000.  IFP Advisors Inc bought a new position in shares of  StepStone Group during the fourth quarter valued at approximately $36,000.  Amundi grew its stake in  StepStone Group by 26.7% in the fourth quarter. Amundi now owns 730 shares of the company's stock worth $42,000 after purchasing an additional 154 shares in the last quarter.  Finally, PNC Financial Services Group Inc. grew its stake in  StepStone Group by 444.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 969 shares of the company's stock worth $56,000 after purchasing an additional 791 shares in the last quarter. Institutional investors own  55.54% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of research firms recently commented on STEP. The Goldman Sachs Group boosted their target price on StepStone Group from $57.00 to $63.00 and gave the stock a &#34;neutral&#34; rating in a research report on Wednesday. Morgan Stanley decreased their target price on StepStone Group from $66.00 to $51.00 and set an &#34;equal weight&#34; rating on the stock in a research report on Monday, April 14th. Oppenheimer  set a $67.00 price objective on StepStone Group and gave the company an &#34;outperform&#34; rating in a research report on Wednesday, April 16th. Evercore ISI upped their price objective on StepStone Group from $63.00 to $69.00 and gave the company an &#34;outperform&#34; rating in a research report on Monday, February 10th. Finally, Barclays upped their price objective on StepStone Group from $48.00 to $62.00 and gave the company an &#34;equal weight&#34; rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned  a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of &#34;Hold&#34; and an average target price of $62.57.</p><p><b>View Our Latest Research Report on StepStone Group</b></p><h2>StepStone Group Company Profile</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than StepStone Group</li><li>What is an Earnings Surprise?  </li><li>Amer Sports: The New ONON and DECK of Consumer Discretionary?</li><li>What is Put Option Volume?</li><li>BigBear.ai: Risky AI Stock or Defense Tech Opportunity?</li><li>Investing in Travel Stocks Benefits</li><li>Toyota Supercharges Joby: $250M Capital Infusion Ignites Stock  </li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1RFUA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U1RFUA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in StepStone Group Right Now?</h2><p>Before you consider StepStone Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StepStone Group wasn't on the list.</p><p>While StepStone Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

STEP

<p>StepStone Group LP CEO Scott W. Hart sold 1,403 shares at $60.01 each, totaling $84,194.03, representing a 1.29% decrease in his ownership. Post-sale, he holds 107,697 shares valued at approximately $6.46 million. The transaction was disclosed to the SEC. The company recently reported a quarterly EPS of $0.68, exceeding estimates, and announced a dividend of $0.24 per share, payable on June 30. Analysts have mixed ratings on the stock, with target prices ranging from $51 to $69.</p>

StepStone Group LP (NASDAQ:STEP) CEO Scott W. Hart Sells 1,403 Shares