Francis Poli Sells 10,000 Shares of Cohen & Steers (NYSE:CNS) Stock

Cohen & Steers Inc (NYSE:CNS) EVP Francis Poli sold 10,000 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $65.73, for a total value of $657,300.00. Following the sale, the executive vice president owned 55,675 shares in the company, valued at approximately $3,659,517.75. The trade was a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Cohen & Steers Stock Up 0.8%

Shares of CNS stock opened at $66.68 on Friday. Cohen & Steers Inc has a fifty-two week low of $58.39 and a fifty-two week high of $88.76. The stock has a market cap of $3.40 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.97 and a beta of 1.27. The business has a fifty day simple moving average of $64.78 and a 200-day simple moving average of $67.50.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Thursday, January 22nd. The asset manager reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. Cohen & Steers had a net margin of 27.55% and a return on equity of 29.37%. The business had revenue of $143.79 million for the quarter, compared to analyst estimates of $144.30 million. During the same period in the previous year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Wasatch Advisors LP lifted its position in Cohen & Steers by 15.1% during the second quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager’s stock worth $185,790,000 after buying an additional 323,759 shares during the period. State Street Corp increased its stake in shares of Cohen & Steers by 1.0% during the 4th quarter. State Street Corp now owns 1,180,611 shares of the asset manager’s stock valued at $74,119,000 after acquiring an additional 12,042 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Cohen & Steers by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,131,988 shares of the asset manager’s stock valued at $71,066,000 after acquiring an additional 30,884 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cohen & Steers by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,123,999 shares of the asset manager’s stock worth $70,566,000 after acquiring an additional 8,075 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Cohen & Steers by 215.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 770,149 shares of the asset manager’s stock worth $48,350,000 after acquiring an additional 526,096 shares during the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CNS. Weiss Ratings reissued a “hold (c)” rating on shares of Cohen & Steers in a research note on Wednesday, January 21st. Evercore raised their price target on Cohen & Steers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Finally, Zacks Research cut Cohen & Steers from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Cohen & Steers has a consensus rating of “Reduce” and an average price target of $72.50.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).