Gamco Investors INC. ET AL Grows Holdings in Cohen & Steers Inc $CNS

Gamco Investors INC. ET AL boosted its holdings in Cohen & Steers Inc (NYSE:CNS) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 293,350 shares of the asset manager’s stock after purchasing an additional 12,507 shares during the period. Gamco Investors INC. ET AL’s holdings in Cohen & Steers were worth $18,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wasatch Advisors LP raised its position in Cohen & Steers by 15.1% in the 2nd quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager’s stock valued at $185,790,000 after purchasing an additional 323,759 shares during the last quarter. State Street Corp raised its position in Cohen & Steers by 0.8% in the 2nd quarter. State Street Corp now owns 1,116,966 shares of the asset manager’s stock valued at $84,163,000 after purchasing an additional 9,099 shares during the last quarter. Invesco Ltd. raised its position in Cohen & Steers by 2.0% in the 2nd quarter. Invesco Ltd. now owns 462,982 shares of the asset manager’s stock valued at $34,886,000 after purchasing an additional 9,131 shares during the last quarter. Raymond James Financial Inc. increased its stake in Cohen & Steers by 1.9% in the 2nd quarter. Raymond James Financial Inc. now owns 435,122 shares of the asset manager’s stock valued at $32,786,000 after buying an additional 8,007 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in Cohen & Steers by 0.9% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 328,040 shares of the asset manager’s stock valued at $21,523,000 after buying an additional 3,060 shares during the period. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Up 1.1%

NYSE:CNS opened at $72.25 on Tuesday. Cohen & Steers Inc has a fifty-two week low of $58.39 and a fifty-two week high of $81.87. The stock has a market cap of $3.71 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27. The firm’s fifty day simple moving average is $65.96 and its 200-day simple moving average is $65.35.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $140.62 million. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Cohen & Steers’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts anticipate that Cohen & Steers Inc will post 3.38 earnings per share for the current year.

Cohen & Steers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Monday, May 11th will be given a $0.67 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.68 annualized dividend and a dividend yield of 3.7%. Cohen & Steers’s payout ratio is currently 88.45%.

Analysts Set New Price Targets

CNS has been the topic of several recent research reports. Zacks Research raised shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Weiss Ratings raised shares of Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Finally, Evercore set a $76.00 price objective on shares of Cohen & Steers in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $72.00.

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).