Cohen & Steers Inc $CNS Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of Cohen & Steers Inc (NYSE:CNS) by 76.1% in the third quarter, HoldingsChannel reports. The firm owned 12,652 shares of the asset manager’s stock after selling 40,321 shares during the quarter. SG Americas Securities LLC’s holdings in Cohen & Steers were worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in CNS. Bourgeon Capital Management LLC acquired a new position in shares of Cohen & Steers during the third quarter valued at $9,554,000. Inspire Investing LLC lifted its position in Cohen & Steers by 33.5% in the 3rd quarter. Inspire Investing LLC now owns 6,936 shares of the asset manager’s stock valued at $455,000 after purchasing an additional 1,741 shares during the last quarter. Hunter Perkins Capital Management LLC lifted its position in Cohen & Steers by 8.1% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 13,332 shares of the asset manager’s stock valued at $875,000 after purchasing an additional 1,003 shares during the last quarter. Congress Asset Management Co. boosted its stake in Cohen & Steers by 1.6% during the 3rd quarter. Congress Asset Management Co. now owns 644,560 shares of the asset manager’s stock valued at $42,290,000 after purchasing an additional 9,942 shares during the period. Finally, Osaic Holdings Inc. grew its position in Cohen & Steers by 18.2% in the 2nd quarter. Osaic Holdings Inc. now owns 5,739 shares of the asset manager’s stock worth $433,000 after purchasing an additional 884 shares during the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Stock Down 2.3%

NYSE:CNS opened at $68.78 on Wednesday. The business’s 50-day moving average price is $63.87 and its 200 day moving average price is $68.76. Cohen & Steers Inc has a 52-week low of $58.39 and a 52-week high of $91.07. The firm has a market cap of $3.51 billion, a P/E ratio of 21.56, a PEG ratio of 2.09 and a beta of 1.29.

Cohen & Steers Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 3.6%. Cohen & Steers’s dividend payout ratio is currently 77.74%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CNS shares. Bank of America boosted their price objective on Cohen & Steers from $66.00 to $68.00 and gave the stock an “underperform” rating in a research report on Thursday, October 2nd. Zacks Research lowered Cohen & Steers from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Evercore ISI increased their price target on Cohen & Steers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cohen & Steers in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $72.50.

Insider Transactions at Cohen & Steers

In related news, Director Martin Cohen purchased 50,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of $59.69 per share, with a total value of $2,984,500.00. Following the completion of the acquisition, the director owned 899,205 shares of the company’s stock, valued at approximately $53,673,546.45. This represents a 5.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 100,000 shares of company stock valued at $5,982,368 in the last quarter. Insiders own 45.60% of the company’s stock.

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).