In recent financial activities, Scott Peters, representing California's 50th congressional district, has made significant investments in two different assets, as per the latest congressional trade report.
Peters purchased an unspecified amount of shares in the Stepstone Tactical Growth Fund III, LP, a pooled investment fund. The transaction, which took place on November 18, 2024, was valued between $1,001 and $15,000.
Stepstone Group (STEP), with a market cap of $7.29 billion, has shown remarkable performance with a 100% gain year-to-date. InvestingPro analysis reveals the company has achieved impressive revenue growth of 49% and maintains a 2.12% dividend yield.
In addition to the Stepstone investment, Peters also invested heavily in government securities, specifically the Visalia CA Uni IMPT SCH. The transaction, which occurred on November 7, 2024, was a large-scale purchase valued between $500,001 and $1,000,000.
Both transactions were conducted through a personal account belonging to Peters. The investments reflect a diverse approach, with the congressman putting his money into both a private investment fund and government securities.
The transactions were reported to the Clerk of the House of Representatives' Legislative Resource Center and were certified by Peters himself on December 16, 2024. As required by the STOCK Act, all transactions made by members of Congress must be disclosed to maintain transparency and ethical standards in their financial activities.
Investors keeping an eye on the financial activities of influential figures like Peters may find these transactions interesting. However, it's essential to remember that such investments are personal decisions and should not be taken as investment advice.
For deeper insights, InvestingPro subscribers can access additional ProTips, including STEP's consecutive dividend growth history and strong profit indicators, along with comprehensive financial analysis in the Pro Research Report.
The congressional trade report does not specify the exact number of shares purchased or the precise value of each transaction. However, the disclosed ranges provide a sense of the scale of Peters' investments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.