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.
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.