Cohen & Steers (NYSE:CNS) EVP Francis Poli Sells 9,696 Shares of Stock

Cohen & Steers Inc (NYSE:CNS) EVP Francis Poli sold 9,696 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $65.63, for a total transaction of $636,348.48. Following the completion of the sale, the executive vice president directly owned 65,675 shares in the company, valued at approximately $4,310,250.25. This represents a 12.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Cohen & Steers Price Performance

NYSE CNS traded up $1.28 during mid-day trading on Thursday, reaching $66.11. 327,310 shares of the stock were exchanged, compared to its average volume of 351,904. The stock has a market cap of $3.37 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.95 and a beta of 1.27. Cohen & Steers Inc has a one year low of $58.39 and a one year high of $88.76. The stock has a 50 day simple moving average of $64.63 and a 200-day simple moving average of $67.57.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Thursday, January 22nd. The asset manager reported $0.81 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.81. The firm had revenue of $143.79 million during the quarter, compared to the consensus estimate of $144.30 million. Cohen & Steers had a return on equity of 29.37% and a net margin of 27.55%.The business’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.78 EPS.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research cut Cohen & Steers from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. Evercore increased their target price on shares of 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 restated a “hold (c)” rating on shares of Cohen & Steers in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $72.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund grew its holdings in shares of Cohen & Steers by 2.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,338 shares of the asset manager’s stock valued at $398,000 after buying an additional 176 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Cohen & Steers by 0.9% in the 2nd 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 boosted its stake in Cohen & Steers by 0.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 30,194 shares of the asset manager’s stock valued at $2,276,000 after purchasing an additional 229 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Cohen & Steers by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 16,333 shares of the asset manager’s stock valued at $1,024,000 after purchasing an additional 231 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in Cohen & Steers by 3.4% during the 3rd 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. 51.47% of the stock is owned by institutional investors.

About Cohen & Steers

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).