California State Teachers Retirement System trimmed its position in shares of Cohen & Steers Inc (NYSE:CNS) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,812 shares of the asset manager’s stock after selling 3,300 shares during the period. California State Teachers Retirement System owned approximately 0.08% of Cohen & Steers worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of CNS. Acadian Asset Management LLC purchased a new stake in shares of Cohen & Steers during the 2nd quarter worth $140,000. BNP Paribas Arbitrage SA lifted its stake in shares of Cohen & Steers by 545.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,617 shares of the asset manager’s stock worth $147,000 after purchasing an additional 3,057 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Cohen & Steers during the 2nd quarter worth $183,000. SG Americas Securities LLC lifted its stake in shares of Cohen & Steers by 85.7% during the 2nd quarter. SG Americas Securities LLC now owns 4,806 shares of the asset manager’s stock worth $195,000 after purchasing an additional 2,218 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of Cohen & Steers during the 1st quarter worth $205,000. 44.60% of the stock is currently owned by institutional investors and hedge funds.
Cohen & Steers Inc (NYSE:CNS) traded down $0.04 during midday trading on Tuesday, hitting $44.65. The stock had a trading volume of 106,051 shares, compared to its average volume of 117,892. Cohen & Steers Inc has a 1-year low of $33.19 and a 1-year high of $47.29. The stock has a market capitalization of $2,113.70, a P/E ratio of 22.82, a PEG ratio of 2.67 and a beta of 1.65.
Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, October 18th. The asset manager reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $96.40 million for the quarter, compared to the consensus estimate of $95.76 million. Cohen & Steers had a return on equity of 32.82% and a net margin of 26.53%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share. research analysts forecast that Cohen & Steers Inc will post 2.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.28 per share. The ex-dividend date is Tuesday, November 21st. This represents a $1.12 annualized dividend and a yield of 2.51%. Cohen & Steers’s dividend payout ratio (DPR) is 53.85%.
A number of equities research analysts recently weighed in on the company. Bank of America upped their price objective on Cohen & Steers from $35.00 to $38.00 and gave the stock an “underperform” rating in a research note on Friday, October 20th. Credit Suisse Group increased their price target on Cohen & Steers from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Zacks Investment Research cut Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. BidaskClub lowered Cohen & Steers from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $45.00 target price on shares of Cohen & Steers in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $43.60.
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About Cohen & Steers
Cohen & Steers, Inc (CNS) is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors.
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