Cohen & Steers (NYSE:CNS – Get Free Report) posted its quarterly earnings results on Wednesday. The asset manager reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01), Briefing.com reports. Cohen & Steers had a return on equity of 36.96% and a net margin of 26.27%. The company had revenue of $122.71 million during the quarter, compared to the consensus estimate of $125.01 million. During the same period in the previous year, the business earned $0.76 earnings per share. Cohen & Steers’s revenue was down 2.7% on a year-over-year basis.
Cohen & Steers Price Performance
NYSE CNS traded up $6.28 during trading hours on Friday, reaching $72.39. 2,006,063 shares of the stock traded hands, compared to its average volume of 190,404. The stock has a 50 day simple moving average of $72.48 and a two-hundred day simple moving average of $66.46. Cohen & Steers has a 1 year low of $50.05 and a 1 year high of $78.58. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 27.69 and a beta of 1.45.
Cohen & Steers Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were paid a dividend of $0.59 per share. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, March 1st. This represents a $2.36 annualized dividend and a yield of 3.26%. Cohen & Steers’s dividend payout ratio (DPR) is currently 90.77%.
Insider Buying and Selling at Cohen & Steers
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. State of Wyoming grew its stake in shares of Cohen & Steers by 42.0% in the second quarter. State of Wyoming now owns 828 shares of the asset manager’s stock worth $48,000 after purchasing an additional 245 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Cohen & Steers by 130.4% in the first quarter. Quantbot Technologies LP now owns 788 shares of the asset manager’s stock worth $67,000 after purchasing an additional 446 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Cohen & Steers by 112.2% in the third quarter. Tower Research Capital LLC TRC now owns 1,309 shares of the asset manager’s stock worth $82,000 after purchasing an additional 692 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Cohen & Steers in the first quarter worth about $89,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Cohen & Steers by 63.4% in the fourth quarter. Advisors Asset Management Inc. now owns 2,470 shares of the asset manager’s stock worth $159,000 after purchasing an additional 958 shares during the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently issued reports on CNS. UBS Group dropped their price objective on Cohen & Steers from $69.00 to $67.00 and set a “sell” rating for the company in a research note on Friday, April 12th. TheStreet raised Cohen & Steers from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th.
View Our Latest Analysis on Cohen & Steers
Cohen & Steers Company Profile
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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