CW Advisors LLC Has $7.04 Million Position in Cohen & Steers Inc $CNS

CW Advisors LLC boosted its stake in shares of Cohen & Steers Inc (NYSE:CNS) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,745 shares of the asset manager’s stock after buying an additional 1,670 shares during the quarter. CW Advisors LLC owned approximately 0.17% of Cohen & Steers worth $7,042,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pillar Financial Advisors LLC lifted its holdings in Cohen & Steers by 125.0% during the 1st quarter. Pillar Financial Advisors LLC now owns 14,008 shares of the asset manager’s stock worth $1,124,000 after buying an additional 7,781 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Cohen & Steers by 21.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 28,903 shares of the asset manager’s stock valued at $2,319,000 after purchasing an additional 5,037 shares during the period. GAMMA Investing LLC lifted its stake in shares of Cohen & Steers by 36.1% in the 1st quarter. GAMMA Investing LLC now owns 992 shares of the asset manager’s stock valued at $80,000 after purchasing an additional 263 shares during the period. Entropy Technologies LP acquired a new position in shares of Cohen & Steers in the 1st quarter valued at about $441,000. Finally, Deutsche Bank AG lifted its stake in shares of Cohen & Steers by 46.7% in the 4th quarter. Deutsche Bank AG now owns 25,298 shares of the asset manager’s stock valued at $2,336,000 after purchasing an additional 8,059 shares during the period. 51.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Bank of America dropped their price objective on Cohen & Steers from $67.00 to $66.00 and set an “underperform” rating on the stock in a research note on Monday, July 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $82.00.

Cohen & Steers Price Performance

Shares of NYSE:CNS opened at $76.2510 on Friday. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 2.43 and a beta of 1.38. The business’s 50-day moving average is $75.29 and its 200-day moving average is $78.09. Cohen & Steers Inc has a 1 year low of $68.99 and a 1 year high of $110.67.

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

Cohen & Steers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Monday, August 11th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, August 11th. Cohen & Steers’s payout ratio is presently 78.73%.

Cohen & Steers 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.