Cohen & Steers, Inc. (CNS) Given Average Recommendation of “Hold” by Brokerages

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Shares of Cohen & Steers, Inc. (NYSE:CNS) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $39.00.

Several analysts have weighed in on the company. Gabelli raised Cohen & Steers from a “hold” rating to a “buy” rating in a report on Monday, April 16th. Keefe, Bruyette & Woods reissued a “sell” rating and set a $36.00 price objective on shares of Cohen & Steers in a report on Wednesday, April 11th. Zacks Investment Research cut Cohen & Steers from a “hold” rating to a “sell” rating in a report on Tuesday, April 10th. Finally, Credit Suisse Group set a $43.00 price objective on Cohen & Steers and gave the stock a “hold” rating in a report on Thursday, April 5th.

NYSE:CNS traded up $0.20 on Friday, hitting $40.27. 85,100 shares of the stock were exchanged, compared to its average volume of 211,350. The stock has a market capitalization of $1.85 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.65 and a beta of 1.29. Cohen & Steers has a 52 week low of $36.29 and a 52 week high of $47.83.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, April 18th. The asset manager reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The firm had revenue of $94.46 million during the quarter, compared to analysts’ expectations of $93.87 million. Cohen & Steers had a return on equity of 35.97% and a net margin of 25.21%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. sell-side analysts expect that Cohen & Steers will post 2.47 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 21st. Stockholders of record on Thursday, May 31st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $1.32 annualized dividend and a dividend yield of 3.28%. Cohen & Steers’s payout ratio is currently 63.77%.

Several institutional investors have recently bought and sold shares of the company. BBR Partners LLC acquired a new position in shares of Cohen & Steers during the 4th quarter worth about $273,111,000. BlackRock Inc. grew its position in shares of Cohen & Steers by 0.6% during the 4th quarter. BlackRock Inc. now owns 1,416,078 shares of the asset manager’s stock worth $66,967,000 after buying an additional 7,901 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Cohen & Steers by 16.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 872,342 shares of the asset manager’s stock worth $35,470,000 after buying an additional 122,510 shares during the period. Ceredex Value Advisors LLC acquired a new position in shares of Cohen & Steers during the 1st quarter worth about $26,012,000. Finally, Eaton Vance Management grew its position in shares of Cohen & Steers by 18.7% during the 1st quarter. Eaton Vance Management now owns 383,357 shares of the asset manager’s stock worth $15,587,000 after buying an additional 60,381 shares during the period. Institutional investors own 48.48% of the company’s stock.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.

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