6,767 Shares in Cohen & Steers Inc $CNS Acquired by Compass Financial Management LLC

Compass Financial Management LLC bought a new stake in shares of Cohen & Steers Inc (NYSE:CNS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,767 shares of the asset manager’s stock, valued at approximately $187,000.

Other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in shares of Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 297 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Cohen & Steers during the 4th quarter worth $28,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Cohen & Steers in the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Cohen & Steers by 110.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock worth $36,000 after acquiring an additional 299 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Cohen & Steers by 754.9% in the 4th quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock worth $38,000 after acquiring an additional 536 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors.

Insider Activity

In other Cohen & Steers news, EVP Daniel Noonan sold 4,360 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 28,682 shares in the company, valued at approximately $2,217,979.06. This trade represents a 13.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Elena Dulik sold 1,100 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $1,841,661.36. This trade represents a 4.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 45.40% of the stock is currently owned by corporate insiders.

Cohen & Steers Stock Performance

NYSE CNS opened at $83.19 on Wednesday. The firm’s 50 day moving average price is $80.25 and its two-hundred day moving average price is $72.07. Cohen & Steers Inc has a twelve month low of $58.39 and a twelve month high of $86.56. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 2.03 and a beta of 1.21.

Cohen & Steers (NYSE:CNS) last released its earnings results on Thursday, July 16th. The asset manager reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $151.84 million during the quarter, compared to analysts’ expectations of $149.45 million. Cohen & Steers had a net margin of 28.82% and a return on equity of 27.41%. Cohen & Steers’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 EPS. On average, research analysts forecast that Cohen & Steers Inc will post 3.53 EPS for the current fiscal year.

Cohen & Steers Announces Dividend

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

Analyst Ratings Changes

CNS has been the subject of several analyst reports. Weiss Ratings raised Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Evercore reiterated an “outperform” rating and issued a $88.00 price target on shares of Cohen & Steers in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $78.00.

Cohen & Steers 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).