KAMES CAPITAL plc decreased its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 16.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,292 shares of the asset manager’s stock after selling 7,949 shares during the period. KAMES CAPITAL plc owned about 0.08% of Cohen & Steers worth $1,858,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Cohen & Steers by 13.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 640,425 shares of the asset manager’s stock worth $25,963,000 after purchasing an additional 75,497 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Cohen & Steers by 6.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 119,775 shares of the asset manager’s stock worth $4,856,000 after purchasing an additional 7,551 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Cohen & Steers by 8.3% in the 3rd quarter. Gabelli Funds LLC now owns 205,600 shares of the asset manager’s stock worth $8,119,000 after purchasing an additional 15,771 shares in the last quarter. New Amsterdam Partners LLC NY bought a new stake in shares of Cohen & Steers in the 3rd quarter worth $6,033,000. Finally, Stifel Financial Corp bought a new stake in shares of Cohen & Steers in the 2nd quarter worth $687,000. 44.47% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on CNS shares. Bank of America lifted their target price on Cohen & Steers from $35.00 to $38.00 and gave the stock an “underperform” rating in a report on Friday, October 20th. Credit Suisse Group lifted their price objective on Cohen & Steers from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Cohen & Steers in a report on Friday, October 20th. Zacks Investment Research lowered Cohen & Steers from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Gabelli lowered Cohen & Steers from a “buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $47.50.
Shares of Cohen & Steers, Inc. (NYSE:CNS) opened at $45.45 on Friday. Cohen & Steers, Inc. has a fifty-two week low of $33.71 and a fifty-two week high of $47.83. The company has a market capitalization of $2,104.93, a price-to-earnings ratio of 22.73, a P/E/G ratio of 1.53 and a beta of 1.65.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, October 18th. The asset manager reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Cohen & Steers had a return on equity of 32.82% and a net margin of 26.53%. The company had revenue of $96.40 million during the quarter, compared to analyst estimates of $95.76 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. Cohen & Steers’s revenue was up 2.1% compared to the same quarter last year. equities analysts predict that Cohen & Steers, Inc. will post 2.05 earnings per share for the current fiscal year.
In related news, Director Peter L. Rhein sold 4,729 shares of Cohen & Steers stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $44.60, for a total value of $210,913.40. Following the completion of the sale, the director now owns 26,271 shares of the company’s stock, valued at $1,171,686.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 52.90% of the company’s stock.
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Cohen & Steers Company Profile
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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