Cohen & Steers (NYSE:CNS) Downgraded by Zacks Research to “Strong Sell”

Zacks Research lowered shares of Cohen & Steers (NYSE:CNS) from a hold rating to a strong sell rating in a report published on Thursday,Zacks reports.

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

Cohen & Steers Trading Up 0.6%

Shares of CNS stock traded up $0.41 on Thursday, reaching $69.39. 676,767 shares of the company’s stock were exchanged, compared to its average volume of 323,800. The company’s fifty day simple moving average is $76.66 and its 200 day simple moving average is $74.62. Cohen & Steers has a 52 week low of $58.39 and a 52 week high of $86.56. The stock has a market capitalization of $3.57 billion, a PE ratio of 21.29, a P/E/G ratio of 2.94 and a beta of 1.22.

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

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, August 10th. Cohen & Steers’s dividend payout ratio is 82.21%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CNS. Assenagon Asset Management S.A. increased its stake in Cohen & Steers by 582.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 450,099 shares of the asset manager’s stock valued at $32,907,000 after buying an additional 384,155 shares during the last quarter. Moody National Bank Trust Division grew its stake in shares of Cohen & Steers by 8.1% during the 3rd quarter. Moody National Bank Trust Division now owns 18,938 shares of the asset manager’s stock worth $1,385,000 after acquiring an additional 1,417 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Cohen & Steers by 4.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,695 shares of the asset manager’s stock valued at $586,000 after acquiring an additional 358 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Cohen & Steers during the second quarter valued at about $209,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Cohen & Steers in the second quarter worth about $195,000. Institutional investors and hedge funds own 51.47% of the company’s stock.

Key Headlines Impacting Cohen & Steers

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

Cohen & Steers Company Profile

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.