Cohen & Steers Inc $CNS Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP boosted its position in shares of Cohen & Steers Inc (NYSE:CNS) by 4.8% during the first quarter, Holdings Channel.com reports. The firm owned 2,097,509 shares of the asset manager’s stock after buying an additional 96,105 shares during the quarter. Wasatch Advisors LP’s holdings in Cohen & Steers were worth $131,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CNS. Oregon Public Employees Retirement Fund grew its stake in shares of Cohen & Steers by 2.9% in the 4th 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 period. Thrivent Financial for Lutherans increased its holdings in shares of Cohen & Steers by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 19,867 shares of the asset manager’s stock worth $1,497,000 after buying an additional 185 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of 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 buying an additional 229 shares during the period. State of Alaska Department of Revenue raised its position in shares of 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 buying an additional 231 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Cohen & Steers by 345.3% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 297 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Cohen & Steers Stock Up 2.3%

Shares of CNS stock opened at $78.23 on Friday. The firm has a 50 day moving average of $72.08 and a two-hundred day moving average of $67.23. The stock has a market capitalization of $4.02 billion, a PE ratio of 25.82, a P/E/G ratio of 2.12 and a beta of 1.25. Cohen & Steers Inc has a 52 week low of $58.39 and a 52 week high of $78.81.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Thursday, April 16th. The asset manager reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The company had revenue of $144.26 million during the quarter, compared to analyst estimates of $140.62 million. During the same period in the prior year, the business earned $0.75 EPS. Cohen & Steers’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts expect that Cohen & Steers Inc will post 3.47 EPS for the current fiscal year.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, May 11th. Cohen & Steers’s dividend payout ratio is currently 88.45%.

Insiders Place Their Bets

In other Cohen & Steers 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 sale, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 45.40% of the company’s stock.

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).