Marshall Wace LLP Has $21.31 Million Stake in Cohen & Steers Inc $CNS

Marshall Wace LLP decreased its holdings in Cohen & Steers Inc (NYSE:CNS) by 10.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 282,800 shares of the asset manager’s stock after selling 32,875 shares during the quarter. Marshall Wace LLP’s holdings in Cohen & Steers were worth $21,309,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Covestor Ltd increased its stake in shares of Cohen & Steers by 12.8% in the first quarter. Covestor Ltd now owns 1,678 shares of the asset manager’s stock valued at $135,000 after buying an additional 191 shares in the last quarter. HighTower Advisors LLC grew its holdings in Cohen & Steers by 7.9% during the 1st quarter. HighTower Advisors LLC now owns 2,689 shares of the asset manager’s stock worth $216,000 after acquiring an additional 198 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Cohen & Steers by 1.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 23,629 shares of the asset manager’s stock valued at $1,780,000 after acquiring an additional 254 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Cohen & Steers by 345.3% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock worth $31,000 after acquiring an additional 297 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its stake in shares of Cohen & Steers by 5.2% in the second quarter. KLP Kapitalforvaltning AS now owns 6,100 shares of the asset manager’s stock worth $460,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Price Performance

CNS opened at $60.23 on Tuesday. The firm has a 50 day simple moving average of $65.77 and a 200 day simple moving average of $71.26. Cohen & Steers Inc has a fifty-two week low of $58.80 and a fifty-two week high of $102.17. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.62 and a beta of 1.29.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Thursday, October 16th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. The firm had revenue of $140.94 million for the quarter, compared to analysts’ expectations of $138.84 million. Cohen & Steers had a net margin of 29.73% and a return on equity of 29.40%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 10th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.1%. Cohen & Steers’s payout ratio is 77.74%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CNS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cohen & Steers in a research note on Wednesday, October 8th. Bank of America upped their price objective on Cohen & Steers from $66.00 to $68.00 and gave the stock an “underperform” rating in a report on Thursday, October 2nd. Finally, Evercore ISI increased their price objective on Cohen & Steers from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $72.50.

Insider Buying and Selling

In related news, Director Martin Cohen bought 12,708 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were purchased at an average price of $60.83 per share, with a total value of $773,027.64. Following the completion of the purchase, the director owned 949,205 shares of the company’s stock, valued at $57,740,140.15. This represents a 1.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders bought a total of 100,000 shares of company stock valued at $5,982,368 in the last ninety days. Corporate insiders own 45.60% of the company’s stock.

About Cohen & Steers

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.