Aristotle Capital Boston LLC Buys 175,063 Shares of Cohen & Steers Inc $CNS

Aristotle Capital Boston LLC grew its stake in Cohen & Steers Inc (NYSE:CNS) by 682.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,699 shares of the asset manager’s stock after purchasing an additional 175,063 shares during the quarter. Aristotle Capital Boston LLC’s holdings in Cohen & Steers were worth $12,600,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Schonfeld Strategic Advisors LLC raised its holdings in Cohen & Steers by 56.6% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 24,117 shares of the asset manager’s stock valued at $1,514,000 after acquiring an additional 8,718 shares during the period. AQR Capital Management LLC raised its holdings in Cohen & Steers by 965.8% in the 4th quarter. AQR Capital Management LLC now owns 76,176 shares of the asset manager’s stock valued at $4,782,000 after acquiring an additional 69,029 shares during the period. Jain Global LLC bought a new position in Cohen & Steers in the 4th quarter valued at about $492,000. Price T Rowe Associates Inc. MD raised its holdings in Cohen & Steers by 20.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 28,934 shares of the asset manager’s stock valued at $1,817,000 after acquiring an additional 4,863 shares during the period. Finally, Adage Capital Partners GP L.L.C. bought a new position in Cohen & Steers in the 4th quarter valued at about $3,139,000. 51.47% of the stock is owned by institutional investors.

Insider Activity at Cohen & Steers

In other news, EVP Daniel Noonan sold 4,360 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $77.33, for a total transaction of $337,158.80. Following the transaction, the executive vice president directly owned 28,682 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 45.40% of the company’s stock.

Wall Street Analyst Weigh In

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

Cohen & Steers Stock Down 2.5%

Cohen & Steers stock opened at $74.63 on Thursday. The stock has a market cap of $3.84 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.18 and a beta of 1.25. Cohen & Steers Inc has a twelve month low of $58.39 and a twelve month high of $78.81. The company’s 50-day moving average price is $70.49 and its two-hundred day moving average price is $66.60.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Thursday, April 16th. The asset manager reported $0.79 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.03). Cohen & Steers had a return on equity of 27.60% and a net margin of 27.47%.The business had revenue of $144.26 million for the quarter, compared to the consensus estimate of $140.62 million. During the same period in the prior year, the business posted $0.75 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities analysts anticipate that Cohen & Steers Inc will post 3.38 earnings per share for the current fiscal year.

Cohen & Steers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.68 annualized dividend and a dividend yield of 3.6%. Cohen & Steers’s dividend payout ratio (DPR) is currently 88.45%.

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).