Cohen & Steers (NYSE:CNS) Stock Rating Lowered by Zacks Research

Cohen & Steers (NYSE:CNS) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday, Zacks reports.

Other equities analysts also recently issued reports about the stock. Evercore restated an “outperform” rating and set a $88.00 target price on shares of Cohen & Steers in a report on Monday, August 10th. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cohen & Steers currently has a consensus rating of “Hold” and a consensus target price of $88.00.

Cohen & Steers Stock Up 0.6%

Shares of NYSE:CNS traded up $0.41 during mid-day trading on Thursday, reaching $69.39. 676,767 shares of the stock were exchanged, compared to its average volume of 323,800. The company has a market cap of $3.57 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.94 and a beta of 1.22. The stock’s 50 day simple moving average is $76.66 and its 200-day simple moving average is $74.62. Cohen & Steers has a one year low of $58.39 and a one year high of $86.56.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Thursday, October 15th. The asset manager reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. Cohen & Steers had a net margin of 28.16% and a return on equity of 27.45%. The firm had revenue of $156.41 million for the quarter, compared to analyst estimates of $155.12 million. During the same period in the previous year, the business earned $0.81 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. Analysts anticipate that Cohen & Steers will post 3.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cohen & Steers news, CAO Elena Dulik sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $83.16, for a total value of $91,476.00. Following the sale, the chief accounting officer owned 22,146 shares in the company, valued at $1,841,661.36. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 45.40% of the stock is currently owned by company insiders.

Institutional Trading of Cohen & Steers

A number of hedge funds have recently made changes to their positions in CNS. Public Employees Retirement System of Ohio bought a new position in shares of Cohen & Steers during the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its stake in Cohen & Steers by 88.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 610 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 287 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Cohen & Steers by 145.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 392 shares during the period. IFP Advisors Inc raised its stake in Cohen & Steers by 196.7% in the 2nd quarter. IFP Advisors Inc now owns 804 shares of the asset manager’s stock valued at $61,000 after acquiring an additional 533 shares during the period. Finally, State of Wyoming acquired a new stake in Cohen & Steers during the 2nd quarter valued at $80,000. 51.47% of the stock is owned by institutional investors and hedge funds.

More Cohen & Steers News

Here are the key news stories impacting Cohen & Steers this week:

• Positive Sentiment: Revenue exceeded estimates and increased year over year. Cohen & Steers reported third-quarter revenue of approximately $156.4 million to $157.4 million, ahead of the roughly $155.1 million consensus forecast. Revenue rose 11.1% from the prior-year quarter, supporting the view that the asset manager continues to benefit from business growth. Cohen & Steers Q3 revenue report
• Positive Sentiment: Strong inflows were a key catalyst. Reports characterized the quarter as benefiting from robust investment inflows, which can increase assets under management and support recurring fee revenue. Investors also received details during the company’s earnings call about operating trends and the outlook. Cohen & Steers strong inflows report
• Positive Sentiment: Profitability and cash generation remained healthy. The company reported $0.89 in adjusted earnings per share, matching consensus and rising from $0.81 a year earlier. Net margin was 28.82%, return on equity was 27.41%, and operating cash flow was reported at $67.4 million. Cohen & Steers earnings report
• Neutral Sentiment: The earnings result was a mixed beat. Revenue surpassed expectations, but EPS only met estimates, limiting the size of the fundamental upside. One third-party report cited diluted EPS of $0.81, conflicting with other coverage that reported $0.89; investors may await the company’s filings for clarification. Cohen & Steers mixed Q3 results report
• Negative Sentiment: Insider selling and valuation concerns could restrain gains. Recent disclosures showed several executives selling shares, while analysis argued CNS still had a potential fair-value gap despite the post-earnings advance. The stock also remains below its 50-day and 200-day moving averages, signaling lingering technical weakness. Cohen & Steers fair value analysis

About Cohen & Steers

Cohen & Steers, Inc is a global investment management company specializing in listed real assets and alternative income. The firm manages portfolios focused on areas such as real estate securities, infrastructure, natural resource equities, commodities, preferred securities and other income-oriented investments.

Its investment solutions are offered through mutual funds, exchange-traded funds, closed-end funds, institutional accounts and separately managed accounts. Cohen & Steers serves a range of clients, including institutional investors, financial advisers and individual investors, with strategies covering markets in the United States and internationally.

Founded in 1986 by Martin Cohen and Robert Steers, the company is headquartered in New York City and maintains an international presence to support its global investment activities.