8,064 Shares in Cohen & Steers Inc $CNS Purchased by Inceptionr LLC

Inceptionr LLC bought a new stake in shares of Cohen & Steers Inc (NYSE:CNS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,064 shares of the asset manager’s stock, valued at approximately $529,000.

A number of other institutional investors also recently made changes to their positions in CNS. Thrivent Financial for Lutherans boosted its holdings in shares of Cohen & Steers by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 19,867 shares of the asset manager’s stock valued at $1,497,000 after acquiring an additional 185 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Cohen & Steers by 0.8% during the second quarter. CANADA LIFE ASSURANCE Co now owns 30,194 shares of the asset manager’s stock worth $2,276,000 after purchasing an additional 229 shares in the last quarter. Amalgamated Bank raised its holdings in Cohen & Steers by 3.4% during the third quarter. Amalgamated Bank now owns 7,980 shares of the asset manager’s stock worth $524,000 after purchasing an additional 265 shares in the last quarter. Covestor Ltd boosted its stake in Cohen & Steers by 17.3% during the 3rd quarter. Covestor Ltd now owns 1,925 shares of the asset manager’s stock valued at $126,000 after purchasing an additional 284 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings 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 valued at $31,000 after buying an additional 297 shares during the period. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Stock Down 1.4%

Shares of NYSE:CNS opened at $63.36 on Wednesday. The firm has a fifty day moving average of $66.07 and a two-hundred day moving average of $66.47. Cohen & Steers Inc has a 12-month low of $58.39 and a 12-month high of $85.86. The firm has a market capitalization of $3.26 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.91 and a beta of 1.26.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Thursday, January 22nd. The asset manager reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates of $0.81. The firm had revenue of $143.79 million for the quarter, compared to the consensus estimate of $144.30 million. Cohen & Steers had a return on equity of 28.46% and a net margin of 27.55%.The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 earnings per share.

Cohen & Steers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be paid a dividend of $0.67 per share. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.62. The ex-dividend date is Monday, March 9th. This represents a $2.68 annualized dividend and a dividend yield of 4.2%. Cohen & Steers’s dividend payout ratio is currently 89.93%.

Insider Activity

In other news, EVP Francis C. Poli sold 10,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $65.73, for a total transaction of $657,300.00. Following the transaction, the executive vice president owned 55,675 shares of the company’s stock, valued at approximately $3,659,517.75. This represents a 15.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 45.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CNS. Weiss Ratings restated a “hold (c)” rating on shares of Cohen & Steers in a report on Wednesday, January 21st. Zacks Research lowered shares of Cohen & Steers from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $72.50.

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).