Cohen & Steers (NYSE:CNS) Sets New 52-Week High at $90.00

Cohen & Steers, Inc. (NYSE:CNS)’s share price reached a new 52-week high on Thursday . The company traded as high as $90.00 and last traded at $89.31, with a volume of 9314 shares changing hands. The stock had previously closed at $88.80.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CNS shares. UBS Group decreased their price objective on shares of Cohen & Steers from $65.00 to $63.00 and set a “sell” rating for the company in a report on Wednesday, July 10th. Evercore ISI boosted their price target on Cohen & Steers from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th.

Cohen & Steers Price Performance

The stock’s 50 day moving average price is $83.87 and its two-hundred day moving average price is $76.00. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 35.63 and a beta of 1.54.

Cohen & Steers (NYSE:CNS) last released its earnings results on Wednesday, July 17th. The asset manager reported $0.68 earnings per share for the quarter. The firm had revenue of $121.70 million during the quarter, compared to analyst estimates of $121.48 million. Cohen & Steers had a net margin of 26.21% and a return on equity of 34.08%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS.

Cohen & Steers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Monday, August 12th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, August 12th. This represents a $2.36 annualized dividend and a yield of 2.58%. Cohen & Steers’s payout ratio is 91.83%.

Insiders Place Their Bets

In other news, Director Richard P. Simon sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $80.61, for a total transaction of $564,270.00. Following the completion of the transaction, the director now directly owns 15,660 shares in the company, valued at $1,262,352.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Jon Cheigh sold 12,500 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $84.08, for a total transaction of $1,051,000.00. Following the transaction, the executive vice president now owns 155,311 shares in the company, valued at approximately $13,058,548.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard P. Simon sold 7,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $80.61, for a total transaction of $564,270.00. Following the transaction, the director now directly owns 15,660 shares of the company’s stock, valued at approximately $1,262,352.60. The disclosure for this sale can be found here. Insiders have sold a total of 20,600 shares of company stock valued at $1,710,365 in the last three months. Company insiders own 47.60% of the company’s stock.

Institutional Investors Weigh In On Cohen & Steers

A number of institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Cohen & Steers by 5.5% in the 2nd quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager’s stock worth $238,000 after acquiring an additional 172 shares during the period. Inspire Investing LLC lifted its position in Cohen & Steers by 4.0% in the second quarter. Inspire Investing LLC now owns 4,864 shares of the asset manager’s stock worth $353,000 after purchasing an additional 185 shares during the period. GAMMA Investing LLC boosted its stake in Cohen & Steers by 115.1% during the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock worth $27,000 after buying an additional 198 shares in the last quarter. Arizona State Retirement System increased its holdings in Cohen & Steers by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 7,625 shares of the asset manager’s stock valued at $553,000 after buying an additional 198 shares during the period. Finally, Inspire Advisors LLC raised its stake in shares of Cohen & Steers by 1.9% in the 2nd quarter. Inspire Advisors LLC now owns 11,337 shares of the asset manager’s stock valued at $823,000 after buying an additional 210 shares in the last quarter. 51.47% of the stock is 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.