Cohen & Steers (NYSE:CNS) Director Martin Cohen Buys 12,708 Shares

Cohen & Steers Inc (NYSE:CNS) Director Martin Cohen purchased 12,708 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average price of $60.83 per share, for a total transaction of $773,027.64. Following the purchase, the director owned 949,205 shares in the company, valued at $57,740,140.15. The trade was a 1.36% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Martin Cohen also recently made the following trade(s):

• On Wednesday, November 19th, Martin Cohen acquired 37,292 shares of Cohen & Steers stock. The shares were purchased at an average price of $59.66 per share, for a total transaction of $2,224,840.72.
• On Tuesday, November 18th, Martin Cohen bought 50,000 shares of Cohen & Steers stock. The stock was acquired at an average cost of $59.69 per share, for a total transaction of $2,984,500.00.

Cohen & Steers Stock Performance

Shares of Cohen & Steers stock traded down $0.20 on Thursday, hitting $59.40. The stock had a trading volume of 725,183 shares, compared to its average volume of 244,597. Cohen & Steers Inc has a twelve month low of $58.80 and a twelve month high of $107.31. The stock has a 50 day moving average of $67.43 and a 200 day moving average of $72.96. The firm has a market capitalization of $3.03 billion, a P/E ratio of 18.62, a PEG ratio of 1.81 and a beta of 1.40.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Thursday, October 16th. The asset manager reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. Cohen & Steers had a net margin of 29.73% and a return on equity of 29.92%. The business had revenue of $140.94 million during the quarter, compared to analysts’ expectations of $138.84 million. During the same period last year, the company posted $0.77 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis.

Cohen & Steers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, November 10th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, November 10th. Cohen & Steers’s dividend payout ratio is currently 77.74%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Bank of America lifted their target price on Cohen & Steers from $66.00 to $68.00 and gave the company an “underperform” rating in a report on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cohen & Steers in a research note on Wednesday, October 8th. Finally, Evercore ISI increased their target price on shares of Cohen & Steers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Cohen & Steers currently has an average rating of “Hold” and a consensus target price of $72.50.

Institutional Investors Weigh In On Cohen & Steers

Several hedge funds have recently added to or reduced their stakes in CNS. Wasatch Advisors LP lifted its stake in Cohen & Steers by 15.1% during the 2nd quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager’s stock valued at $185,790,000 after acquiring an additional 323,759 shares during the period. State Street Corp grew its position in shares of Cohen & Steers by 0.8% during the second quarter. State Street Corp now owns 1,116,966 shares of the asset manager’s stock worth $84,163,000 after purchasing an additional 9,099 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Cohen & Steers by 1.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,076,846 shares of the asset manager’s stock worth $81,140,000 after purchasing an additional 18,537 shares in the last quarter. Boston Trust Walden Corp boosted its stake in Cohen & Steers by 1.3% during the second quarter. Boston Trust Walden Corp now owns 922,895 shares of the asset manager’s stock valued at $69,540,000 after buying an additional 11,464 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Cohen & Steers by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 764,842 shares of the asset manager’s stock valued at $57,638,000 after acquiring an additional 13,969 shares during the last quarter. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Company Profile

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.