KAMES CAPITAL plc lessened its stake in Cohen & Steers, Inc. (NYSE:CNS) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,292 shares of the asset manager’s stock after selling 7,949 shares during the quarter. KAMES CAPITAL plc owned 0.08% of Cohen & Steers worth $1,858,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in CNS. Leavell Investment Management Inc. bought a new stake in Cohen & Steers in the fourth quarter worth approximately $355,000. California Public Employees Retirement System grew its position in Cohen & Steers by 11.9% in the third quarter. California Public Employees Retirement System now owns 44,432 shares of the asset manager’s stock worth $1,755,000 after acquiring an additional 4,732 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Cohen & Steers by 22.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,443,075 shares of the asset manager’s stock worth $56,987,000 after buying an additional 260,721 shares during the period. PEAK6 Investments L.P. bought a new stake in shares of Cohen & Steers during the 3rd quarter worth $262,000. Finally, Synovus Financial Corp boosted its holdings in shares of Cohen & Steers by 6.2% during the 3rd quarter. Synovus Financial Corp now owns 26,563 shares of the asset manager’s stock worth $1,047,000 after buying an additional 1,539 shares during the period. Hedge funds and other institutional investors own 44.79% of the company’s stock.
In related news, Director Peter L. Rhein sold 4,729 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $44.60, for a total transaction of $210,913.40. Following the completion of the sale, the director now owns 26,271 shares in the company, valued at approximately $1,171,686.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 52.90% of the company’s stock.
Shares of Cohen & Steers, Inc. (NYSE CNS) traded down $1.11 during mid-day trading on Monday, hitting $38.33. 365,162 shares of the stock were exchanged, compared to its average volume of 298,211. The firm has a market cap of $1,820.00, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.17 and a beta of 1.42. Cohen & Steers, Inc. has a 52 week low of $34.15 and a 52 week high of $47.83.
Cohen & Steers (NYSE:CNS) last announced its earnings results on Wednesday, January 24th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $99.40 million during the quarter, compared to analysts’ expectations of $98.08 million. Cohen & Steers had a net margin of 24.31% and a return on equity of 33.38%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the company posted $0.48 EPS. equities research analysts expect that Cohen & Steers, Inc. will post 2.57 earnings per share for the current fiscal year.
Several research firms recently issued reports on CNS. Bank of America upped their price objective on shares of 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 upped their price objective on shares of Cohen & Steers from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Zacks Investment Research raised shares of Cohen & Steers from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective for the company in a report on Wednesday, January 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $45.00 target price on shares of Cohen & Steers in a research note on Friday, October 20th. Finally, Gabelli cut shares of Cohen & Steers from a “buy” rating to a “hold” rating and set a $54.00 target price for the company. in a research note on Thursday, January 11th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $47.50.
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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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