Dynamic Technology Lab Private Ltd bought a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,512 shares of the asset manager’s stock, valued at approximately $995,000.
A number of other institutional investors also recently bought and sold shares of CNS. Principal Financial Group Inc. lifted its holdings in Cohen & Steers by 10.2% during the first quarter. Principal Financial Group Inc. now owns 19,869 shares of the asset manager’s stock worth $808,000 after buying an additional 1,841 shares during the period. Dupont Capital Management Corp purchased a new stake in Cohen & Steers during the second quarter worth $381,000. Aperio Group LLC lifted its holdings in Cohen & Steers by 163.3% during the second quarter. Aperio Group LLC now owns 17,821 shares of the asset manager’s stock worth $743,000 after buying an additional 11,052 shares during the period. Alps Advisors Inc. purchased a new stake in Cohen & Steers during the second quarter worth $587,000. Finally, Bank of New York Mellon Corp lifted its holdings in Cohen & Steers by 15.3% during the second quarter. Bank of New York Mellon Corp now owns 798,928 shares of the asset manager’s stock worth $33,324,000 after buying an additional 105,870 shares during the period. Institutional investors own 48.52% of the company’s stock.
A number of research firms have weighed in on CNS. Zacks Investment Research upgraded Cohen & Steers from a “sell” rating to a “hold” rating in a report on Tuesday, December 4th. ValuEngine downgraded Cohen & Steers from a “hold” rating to a “sell” rating in a research report on Wednesday, November 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.50.
Shares of CNS stock opened at $36.51 on Tuesday. The firm has a market cap of $1.69 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.74 and a beta of 1.07. Cohen & Steers, Inc. has a 12-month low of $34.29 and a 12-month high of $47.83.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, October 17th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $98.30 million for the quarter, compared to the consensus estimate of $99.05 million. Cohen & Steers had a return on equity of 38.16% and a net margin of 28.13%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 earnings per share. Equities research analysts anticipate that Cohen & Steers, Inc. will post 2.45 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Monday, November 19th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Friday, November 16th. Cohen & Steers’s payout ratio is presently 63.77%.
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About Cohen & Steers
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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