First Trust Advisors LP Has $2.85 Million Position in Cohen & Steers Inc $CNS

First Trust Advisors LP boosted its stake in Cohen & Steers Inc (NYSE:CNS) by 66.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 45,548 shares of the asset manager’s stock after buying an additional 18,181 shares during the period. First Trust Advisors LP’s holdings in Cohen & Steers were worth $2,849,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CNS. Wasatch Advisors LP raised its position in shares of Cohen & Steers by 15.1% in the second quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager’s stock valued at $185,790,000 after buying an additional 323,759 shares in the last quarter. State Street Corp increased its position in Cohen & Steers by 1.0% during the 4th quarter. State Street Corp now owns 1,180,611 shares of the asset manager’s stock worth $74,119,000 after purchasing an additional 12,042 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Cohen & Steers by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,174,579 shares of the asset manager’s stock valued at $73,467,000 after acquiring an additional 50,580 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 worth $71,066,000 after purchasing an additional 30,884 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Cohen & Steers by 215.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 770,149 shares of the asset manager’s stock worth $48,350,000 after purchasing an additional 526,096 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Performance

NYSE:CNS opened at $84.62 on Friday. Cohen & Steers Inc has a 52-week low of $58.39 and a 52-week high of $85.63. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 2.07 and a beta of 1.21. The business’s fifty day moving average is $77.89 and its 200 day moving average is $70.47.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Thursday, July 16th. The asset manager reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). Cohen & Steers had a net margin of 28.82% and a return on equity of 27.41%. The firm had revenue of $151.84 million for the quarter, compared to analysts’ expectations of $149.45 million. During the same period in the prior year, the firm posted $0.73 EPS. Cohen & Steers’s revenue was up 12.2% on a year-over-year basis. Equities analysts predict that Cohen & Steers Inc will post 3.49 EPS for the current fiscal year.

Cohen & Steers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, August 10th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, August 10th. Cohen & Steers’s dividend payout ratio is 82.21%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CNS shares. Weiss Ratings raised Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. Evercore reaffirmed an “outperform” rating and issued a $84.00 target price on shares of Cohen & Steers in a report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $76.00.

Insider Transactions at Cohen & Steers

In related news, CAO Elena Dulik sold 1,100 shares of the stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $83.16, for a total transaction of $91,476.00. Following the completion of the sale, the chief accounting officer directly owned 22,146 shares in the company, valued at $1,841,661.36. This represents a 4.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel Noonan sold 4,360 shares of Cohen & Steers stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total transaction of $337,158.80. Following the completion of the transaction, the executive vice president directly owned 28,682 shares in the company, valued at approximately $2,217,979.06. The trade was a 13.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 45.40% of the stock is currently owned by corporate insiders.

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).