Victory Capital Management Inc. increased its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,326 shares of the asset manager’s stock after acquiring an additional 1,839 shares during the quarter. Victory Capital Management Inc.’s holdings in Cohen & Steers were worth $1,434,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Cohen & Steers by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,761,638 shares of the asset manager’s stock worth $71,418,000 after buying an additional 62,553 shares during the period. Janus Henderson Group PLC raised its stake in 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. Bank of New York Mellon Corp raised its stake in Cohen & Steers by 11.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 797,113 shares of the asset manager’s stock worth $31,478,000 after buying an additional 80,914 shares during the period. Dimensional Fund Advisors LP raised its stake in Cohen & Steers by 11.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 710,782 shares of the asset manager’s stock worth $28,069,000 after buying an additional 70,357 shares during the period. Finally, State Street Corp raised its stake in shares of Cohen & Steers by 5.4% in the 2nd quarter. State Street Corp now owns 427,696 shares of the asset manager’s stock valued at $17,336,000 after purchasing an additional 21,758 shares during the period. 47.54% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on CNS. Keefe, Bruyette & Woods downgraded Cohen & Steers from a “market perform” rating to an “underperform” rating in a research note on Friday, January 26th. Gabelli downgraded Cohen & Steers from a “buy” rating to a “hold” rating and set a $54.00 price target on the stock. in a research note on Thursday, January 11th. Finally, Zacks Investment Research raised Cohen & Steers from a “hold” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Cohen & Steers presently has a consensus rating of “Hold” and an average price target of $47.50.
Shares of Cohen & Steers, Inc. (NYSE:CNS) opened at $40.97 on Friday. Cohen & Steers, Inc. has a 12 month low of $36.09 and a 12 month high of $47.83. The stock has a market capitalization of $1,897.44, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.22 and a beta of 1.42.
Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, January 24th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Cohen & Steers had a return on equity of 33.38% and a net margin of 24.31%. The firm had revenue of $99.40 million for the quarter, compared to the consensus estimate of $98.08 million. During the same quarter last year, the business posted $0.48 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. equities research analysts anticipate that Cohen & Steers, Inc. will post 2.57 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be paid a $0.33 dividend. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $1.32 annualized dividend and a dividend yield of 3.22%. Cohen & Steers’s dividend payout ratio (DPR) is currently 57.44%.
In other Cohen & Steers news, Director Peter L. Rhein sold 4,729 shares of Cohen & Steers stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $44.60, for a total value of $210,913.40. Following the sale, the director now owns 26,271 shares of the company’s stock, valued at approximately $1,171,686.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 52.90% of the company’s stock.
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Cohen & Steers 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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