Cohen & Steers (NYSE:CNS) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, ValuEngine reports.
Other research analysts have also recently issued reports about the stock. Bank of America set a $37.00 price objective on shares of Cohen & Steers and gave the stock a “sell” rating in a research report on Tuesday, April 9th. Zacks Investment Research lowered Cohen & Steers from a “hold” rating to a “sell” rating and set a $55.00 target price for the company. in a research note on Friday, July 26th. Finally, Gabelli lowered Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Cohen & Steers presently has a consensus rating of “Hold” and an average price target of $44.33.
Shares of CNS stock traded up $0.58 during trading on Thursday, hitting $52.08. The company had a trading volume of 153,539 shares, compared to its average volume of 158,231. The company has a quick ratio of 6.62, a current ratio of 6.62 and a debt-to-equity ratio of 0.22. The business’s 50-day simple moving average is $51.62. The firm has a market cap of $2.47 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 3.56 and a beta of 0.94. Cohen & Steers has a 52 week low of $32.95 and a 52 week high of $53.52.
Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, July 17th. The asset manager reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.01). The company had revenue of $101.80 million during the quarter, compared to the consensus estimate of $102.17 million. Cohen & Steers had a return on equity of 43.76% and a net margin of 30.97%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. On average, research analysts anticipate that Cohen & Steers will post 2.42 EPS for the current fiscal year.
In other Cohen & Steers news, CFO Matthew S. Stadler sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $51.29, for a total value of $2,564,500.00. Following the completion of the sale, the chief financial officer now owns 168,227 shares of the company’s stock, valued at $8,628,362.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 50.63% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP boosted its stake in shares of Cohen & Steers by 17.9% during the 4th quarter. First Trust Advisors LP now owns 7,705 shares of the asset manager’s stock valued at $264,000 after buying an additional 1,169 shares during the period. BlackRock Inc. boosted its stake in shares of Cohen & Steers by 1.4% during the 4th quarter. BlackRock Inc. now owns 1,635,511 shares of the asset manager’s stock valued at $56,130,000 after buying an additional 22,325 shares during the period. Advisor Group Inc. boosted its stake in shares of Cohen & Steers by 32.5% during the 4th quarter. Advisor Group Inc. now owns 2,631 shares of the asset manager’s stock valued at $90,000 after buying an additional 646 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Cohen & Steers by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,070,418 shares of the asset manager’s stock valued at $36,737,000 after buying an additional 37,604 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Cohen & Steers by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 241,434 shares of the asset manager’s stock valued at $8,286,000 after buying an additional 14,219 shares during the period. 45.46% of the stock is owned by institutional investors and hedge funds.
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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