Northwestern Mutual Wealth Management Co. Boosts Holdings in Cohen & Steers Inc $CNS

Northwestern Mutual Wealth Management Co. boosted its position in Cohen & Steers Inc (NYSE:CNS) by 1,490.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 144,193 shares of the asset manager’s stock after purchasing an additional 135,127 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cohen & Steers were worth $9,052,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CNS. Royal Bank of Canada lifted its stake in Cohen & Steers by 2.0% in the 1st quarter. Royal Bank of Canada now owns 51,397 shares of the asset manager’s stock worth $4,124,000 after purchasing an additional 1,003 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cohen & Steers by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,367 shares of the asset manager’s stock worth $1,313,000 after purchasing an additional 716 shares in the last quarter. Millennium Management LLC lifted its stake in Cohen & Steers by 485.1% in the 1st quarter. Millennium Management LLC now owns 93,175 shares of the asset manager’s stock worth $7,477,000 after purchasing an additional 77,251 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Cohen & Steers in the 1st quarter worth approximately $172,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Cohen & Steers by 3.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,742 shares of the asset manager’s stock worth $5,838,000 after purchasing an additional 2,155 shares in the last quarter. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Stock Performance

CNS stock opened at $72.08 on Friday. Cohen & Steers Inc has a 52 week low of $58.39 and a 52 week high of $78.86. The firm’s fifty day moving average is $66.41 and its 200 day moving average is $65.40. The firm has a market cap of $3.70 billion, a P/E ratio of 23.79, a P/E/G ratio of 2.04 and a beta of 1.27.

Cohen & Steers (NYSE:CNS) last released its earnings results on Thursday, April 16th. The asset manager reported $0.79 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.03). Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The business had revenue of $144.26 million for the quarter, compared to the consensus estimate of $140.62 million. During the same period in the prior year, the business posted $0.75 EPS. Cohen & Steers’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, analysts forecast that Cohen & Steers Inc will post 3.38 EPS for the current year.

Cohen & Steers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.68 annualized dividend and a dividend yield of 3.7%. Cohen & Steers’s dividend payout ratio (DPR) is currently 88.45%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CNS. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Evercore set a $76.00 target price on shares of Cohen & Steers in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $72.00.

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).