Capital Impact Advisors LLC raised its stake in Cohen & Steers, Inc. (NYSE:CNS) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,332 shares of the asset manager’s stock after purchasing an additional 2,491 shares during the period. Capital Impact Advisors LLC owned 0.10% of Cohen & Steers worth $1,891,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in Cohen & Steers in the third quarter valued at about $108,000. Xact Kapitalforvaltning AB bought a new stake in shares of Cohen & Steers in the second quarter valued at approximately $202,000. Envestnet Asset Management Inc. raised its position in shares of Cohen & Steers by 33.9% in the second quarter. Envestnet Asset Management Inc. now owns 5,499 shares of the asset manager’s stock valued at $229,000 after purchasing an additional 1,391 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Cohen & Steers in the first quarter valued at approximately $255,000. Finally, Brown Advisory Inc. bought a new stake in shares of Cohen & Steers in the first quarter valued at approximately $269,000. 48.84% of the stock is owned by hedge funds and other institutional investors.
NYSE CNS traded down $1.28 during trading on Friday, hitting $38.56. The company had a trading volume of 115,635 shares, compared to its average volume of 161,642. Cohen & Steers, Inc. has a one year low of $35.50 and a one year high of $47.83. The firm has a market capitalization of $1.79 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, October 17th. The asset manager reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Cohen & Steers had a net margin of 28.13% and a return on equity of 39.38%. The business had revenue of $98.30 million during the quarter, compared to analyst estimates of $99.05 million. During the same period in the prior year, the business earned $0.55 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts expect that Cohen & Steers, Inc. will post 2.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 19th will be issued a $0.33 dividend. The ex-dividend date is Friday, November 16th. This represents a $1.32 annualized dividend and a yield of 3.42%. Cohen & Steers’s dividend payout ratio (DPR) is presently 63.77%.
Several research firms have recently issued reports on CNS. Zacks Investment Research raised shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Tuesday, September 18th. ValuEngine lowered shares of Cohen & Steers from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Finally, Credit Suisse Group decreased their target price on shares of Cohen & Steers from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.50.
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Cohen & Steers Profile
Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.
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