Cohen & Steers (NYSE:CNS) Announces Quarterly Earnings Results

Cohen & Steers (NYSE:CNS) issued its quarterly earnings data on Wednesday. The asset manager reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03, Briefing.com reports. Cohen & Steers had a net margin of 26.21% and a return on equity of 34.08%. The firm had revenue of $133.20 million during the quarter, compared to the consensus estimate of $124.18 million. During the same period last year, the business posted $0.70 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year.

Cohen & Steers Trading Up 3.1 %

NYSE CNS opened at $101.23 on Thursday. The business’s 50-day moving average price is $90.37 and its two-hundred day moving average price is $79.41. Cohen & Steers has a 12 month low of $50.05 and a 12 month high of $102.19. The firm has a market capitalization of $5.12 billion, a PE ratio of 39.39 and a beta of 1.54.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Monday, August 12th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.33%. The ex-dividend date was Monday, August 12th. Cohen & Steers’s dividend payout ratio (DPR) is currently 91.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group upgraded Cohen & Steers from a “sell” rating to a “neutral” rating and increased their target price for the stock from $63.00 to $102.00 in a research note on Thursday. Evercore ISI increased their price objective on Cohen & Steers from $92.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th.

Insider Buying and Selling

In related news, Director Richard P. Simon sold 7,000 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $80.61, for a total value of $564,270.00. Following the transaction, the director now directly owns 15,660 shares in the company, valued at $1,262,352.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Richard P. Simon sold 7,000 shares of the company’s stock in a transaction 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 sale, the director now owns 15,660 shares in the company, valued at approximately $1,262,352.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jon Cheigh sold 12,500 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $84.08, for a total value of $1,051,000.00. Following the completion of the sale, the executive vice president now directly owns 155,311 shares of the company’s stock, valued at $13,058,548.88. The trade was a 0.00 % decrease in their ownership of the stock. 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 over the last ninety days. 47.60% of the stock is owned by corporate insiders.

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.