Cohen & Steers Inc $CNS Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP boosted its holdings in shares of Cohen & Steers Inc (NYSE:CNS) by 4.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,097,509 shares of the asset manager’s stock after buying an additional 96,105 shares during the quarter. Wasatch Advisors LP owned 4.08% of Cohen & Steers worth $131,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in Cohen & Steers by 345.3% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 297 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Cohen & Steers during the 4th quarter worth approximately $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Cohen & Steers during the 4th quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Cohen & Steers by 110.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 299 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Cohen & Steers by 754.9% during the 4th quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 536 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Daniel Noonan sold 4,360 shares of Cohen & Steers stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total transaction of $337,158.80. Following the transaction, the executive vice president owned 28,682 shares in the company, valued at approximately $2,217,979.06. This trade represents a 13.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 45.40% of the company’s stock.

Cohen & Steers Trading Up 2.3%

CNS opened at $78.23 on Friday. Cohen & Steers Inc has a twelve month low of $58.39 and a twelve month high of $78.81. The firm has a market capitalization of $4.02 billion, a PE ratio of 25.82, a PEG ratio of 2.12 and a beta of 1.25. The firm’s 50-day moving average price is $72.08 and its 200 day moving average price is $67.23.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Thursday, April 16th. The asset manager reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). The business had revenue of $144.26 million during the quarter, compared to analyst estimates of $140.62 million. Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. As a group, analysts predict that Cohen & Steers Inc will post 3.47 earnings per share for the current fiscal year.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, May 11th. Cohen & Steers’s dividend payout ratio (DPR) is currently 88.45%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CNS. Weiss Ratings raised shares of Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded Cohen & Steers from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Evercore reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Cohen & Steers in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $75.00.

Cohen & Steers 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).