Cohen & Steers, Inc. (NYSE:CNS) CAO Elena Dulik Sells 1,000 Shares

Share on StockTwits

Cohen & Steers, Inc. (NYSE:CNS) CAO Elena Dulik sold 1,000 shares of Cohen & Steers stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $54.54, for a total value of $54,540.00. Following the completion of the sale, the chief accounting officer now directly owns 18,478 shares in the company, valued at approximately $1,007,790.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NYSE:CNS traded down $1.05 during midday trading on Friday, reaching $53.71. The company had a trading volume of 241,702 shares, compared to its average volume of 161,551. The business’s 50 day moving average price is $52.77 and its 200 day moving average price is $49.02. The stock has a market cap of $2.49 billion, a PE ratio of 22.38, a P/E/G ratio of 3.58 and a beta of 0.92. Cohen & Steers, Inc. has a 1-year low of $32.95 and a 1-year high of $55.50.

Cohen & Steers (NYSE:CNS) last released its earnings results on Wednesday, July 17th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). The company had revenue of $101.80 million during the quarter, compared to analyst estimates of $102.17 million. Cohen & Steers had a net margin of 30.97% and a return on equity of 43.94%. Cohen & Steers’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. On average, analysts expect that Cohen & Steers, Inc. will post 2.42 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Monday, August 12th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, August 9th. Cohen & Steers’s dividend payout ratio is currently 60.00%.

Several analysts have issued reports on the company. ValuEngine downgraded Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research raised Cohen & Steers from a “sell” rating to a “hold” rating and set a $57.00 target price on the stock in a research report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Cohen & Steers presently has an average rating of “Hold” and a consensus target price of $45.00.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Cohen & Steers by 6.7% in the second quarter. Vanguard Group Inc. now owns 2,175,795 shares of the asset manager’s stock valued at $111,923,000 after acquiring an additional 136,845 shares during the last quarter. BlackRock Inc. increased its position in shares of Cohen & Steers by 8.3% in the second quarter. BlackRock Inc. now owns 1,719,402 shares of the asset manager’s stock valued at $88,443,000 after acquiring an additional 132,456 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Cohen & Steers by 0.8% in the first quarter. Clearbridge Investments LLC now owns 1,557,462 shares of the asset manager’s stock valued at $65,834,000 after acquiring an additional 12,679 shares during the last quarter. Wasatch Advisors Inc. acquired a new position in Cohen & Steers during the second quarter worth approximately $62,501,000. Finally, Dimensional Fund Advisors LP increased its position in Cohen & Steers by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,070,418 shares of the asset manager’s stock worth $36,737,000 after buying an additional 37,604 shares during the last quarter. 47.16% of the stock is currently owned by institutional investors and hedge funds.

About Cohen & Steers

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.

Recommended Story: What member countries make up the G-20?

Receive News & Ratings for Cohen & Steers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohen & Steers and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.