Cohen & Steers Inc $CNS Position Increased by Inspire Investing LLC

Inspire Investing LLC raised its holdings in shares of Cohen & Steers Inc (NYSE:CNS) by 21.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,195 shares of the asset manager’s stock after purchasing an additional 934 shares during the period. Inspire Investing LLC’s holdings in Cohen & Steers were worth $391,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CNS. GAMMA Investing LLC boosted its holdings in shares of Cohen & Steers by 36.1% during the first quarter. GAMMA Investing LLC now owns 992 shares of the asset manager’s stock valued at $80,000 after acquiring an additional 263 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Cohen & Steers by 101.9% during the first quarter. Fifth Third Bancorp now owns 654 shares of the asset manager’s stock valued at $52,000 after acquiring an additional 330 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Cohen & Steers by 4.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,609 shares of the asset manager’s stock valued at $450,000 after acquiring an additional 245 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Cohen & Steers by 21.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 28,903 shares of the asset manager’s stock valued at $2,319,000 after acquiring an additional 5,037 shares during the period. Finally, Berry Wealth Group LP acquired a new position in shares of Cohen & Steers during the first quarter valued at $200,000. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Up 0.7%

CNS stock opened at $67.14 on Wednesday. The company has a market capitalization of $3.42 billion, a P/E ratio of 21.32, a PEG ratio of 2.06 and a beta of 1.38. The company has a 50-day simple moving average of $70.72 and a 200 day simple moving average of $74.42. Cohen & Steers Inc has a fifty-two week low of $64.29 and a fifty-two week high of $110.67.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Thursday, July 17th. The asset manager reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company had revenue of $135.32 million during the quarter, compared to analyst estimates of $134.59 million. Cohen & Steers had a return on equity of 29.95% and a net margin of 29.82%.The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 EPS.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Monday, August 11th were given a $0.62 dividend. The ex-dividend date was Monday, August 11th. This represents a $2.48 annualized dividend and a yield of 3.7%. Cohen & Steers’s payout ratio is 78.73%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CNS shares. Evercore ISI reduced their price target on shares of Cohen & Steers from $77.00 to $74.00 and set an “outperform” rating for the company in a report on Thursday, October 9th. Bank of America boosted their price target on shares of Cohen & Steers from $66.00 to $68.00 and gave the company an “underperform” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cohen & Steers in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cohen & Steers presently has a consensus rating of “Hold” and a consensus price target of $81.33.

About Cohen & Steers

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.