Personal Capital Advisors Corp grew its position in Cohen & Steers, Inc. (NYSE:CNS) by 32.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,126 shares of the asset manager’s stock after buying an additional 7,868 shares during the quarter. Personal Capital Advisors Corp owned 0.07% of Cohen & Steers worth $1,519,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Cohen & Steers by 13.4% during 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. Wells Fargo & Company MN increased its position in Cohen & Steers by 9.3% during the 3rd quarter. Wells Fargo & Company MN now owns 67,206 shares of the asset manager’s stock worth $2,654,000 after purchasing an additional 5,742 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Cohen & Steers by 6.7% during 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 position in Cohen & Steers by 8.3% during 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. Finally, New Amsterdam Partners LLC NY acquired a new position in Cohen & Steers during the 3rd quarter worth approximately $6,033,000. Institutional investors own 45.25% of the company’s stock.
Cohen & Steers, Inc. (NYSE CNS) traded up $0.43 on Monday, reaching $39.36. 242,838 shares of the company’s stock were exchanged, compared to its average volume of 321,717. Cohen & Steers, Inc. has a 52-week low of $34.49 and a 52-week high of $47.83. The company has a market cap of $1,810.00, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 1.16 and a beta of 1.42.
Cohen & Steers (NYSE:CNS) last posted its earnings results on Wednesday, January 24th. The asset manager reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. Cohen & Steers had a net margin of 24.31% and a return on equity of 33.38%. The firm had revenue of $99.40 million for the quarter, compared to analyst estimates of $98.08 million. During the same period in the previous year, the firm posted $0.48 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. analysts expect that Cohen & Steers, Inc. will post 2.57 earnings per share for the current fiscal year.
In other news, Director Peter L. Rhein sold 4,729 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $44.60, for a total value of $210,913.40. Following the sale, the director now directly owns 26,271 shares of the company’s stock, valued at approximately $1,171,686.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 52.90% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods cut shares of Cohen & Steers from a “market perform” rating to an “underperform” rating in a research report on Friday, January 26th. Gabelli cut shares of Cohen & Steers from a “buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a research report on Thursday, January 11th. Zacks Investment Research upgraded 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 research report on Wednesday, January 10th. 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 research report on Friday, October 20th. Finally, Credit Suisse Group boosted their target price 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. Three analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price 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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