Francis Poli Sells 10,000 Shares of Cohen & Steers (NYSE:CNS) Stock

Cohen & Steers Inc (NYSE:CNS) EVP Francis Poli sold 10,000 shares of Cohen & Steers stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $65.73, for a total transaction of $657,300.00. Following the completion of the sale, the executive vice president directly owned 55,675 shares of the company’s stock, valued at approximately $3,659,517.75. The trade was a 15.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Cohen & Steers Price Performance

NYSE:CNS traded up $1.28 during trading hours on Thursday, reaching $66.11. The company’s stock had a trading volume of 327,310 shares, compared to its average volume of 351,904. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.95 and a beta of 1.27. Cohen & Steers Inc has a one year low of $58.39 and a one year high of $88.76. The business’s 50-day moving average is $64.63 and its 200-day moving average is $67.57.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Thursday, January 22nd. The asset manager reported $0.81 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.81. The company had revenue of $143.79 million during the quarter, compared to analysts’ expectations of $144.30 million. Cohen & Steers had a return on equity of 29.37% and a net margin of 27.55%.The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund boosted its position in shares of Cohen & Steers by 2.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,338 shares of the asset manager’s stock valued at $398,000 after acquiring an additional 176 shares during the period. Thrivent Financial for Lutherans raised its stake in Cohen & Steers by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 19,867 shares of the asset manager’s stock valued at $1,497,000 after purchasing an additional 185 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Cohen & Steers by 0.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 30,194 shares of the asset manager’s stock valued at $2,276,000 after purchasing an additional 229 shares during the period. State of Alaska Department of Revenue boosted its holdings in Cohen & Steers by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 16,333 shares of the asset manager’s stock valued at $1,024,000 after purchasing an additional 231 shares during the period. Finally, Amalgamated Bank grew its position in Cohen & Steers by 3.4% in the 3rd quarter. Amalgamated Bank now owns 7,980 shares of the asset manager’s stock worth $524,000 after purchasing an additional 265 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Evercore increased their price target on Cohen & Steers from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Zacks Research downgraded shares of Cohen & Steers from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cohen & Steers in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $72.50.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).