Ieq Capital LLC Acquires New Holdings in Cohen & Steers Inc $CNS

Ieq Capital LLC bought a new stake in Cohen & Steers Inc (NYSE:CNS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,084 shares of the asset manager’s stock, valued at approximately $2,671,000. Ieq Capital LLC owned approximately 0.07% of Cohen & Steers at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Navellier & Associates Inc. acquired a new stake in shares of Cohen & Steers during the 4th quarter valued at $3,586,000. Gabelli Funds LLC increased its holdings in Cohen & Steers by 38.0% in the 1st quarter. Gabelli Funds LLC now owns 190,395 shares of the asset manager’s stock worth $11,909,000 after purchasing an additional 52,400 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Cohen & Steers in the 2nd quarter worth about $5,021,000. Quantinno Capital Management LP raised its position in Cohen & Steers by 62.9% in the first quarter. Quantinno Capital Management LP now owns 30,815 shares of the asset manager’s stock valued at $1,928,000 after purchasing an additional 11,895 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Cohen & Steers in the second quarter valued at about $998,000. Institutional investors own 51.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CNS shares. Weiss Ratings upgraded 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 objective on shares of Cohen & Steers in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cohen & Steers has a consensus rating of “Hold” and an average price target of $78.00.

Cohen & Steers Price Performance

Shares of CNS opened at $83.15 on Tuesday. The business has a 50-day moving average of $80.11 and a 200-day moving average of $71.93. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 1.98 and a beta of 1.21. Cohen & Steers Inc has a 1 year low of $58.39 and a 1 year high of $86.56.

Cohen & Steers (NYSE:CNS) last announced its earnings results 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 company had revenue of $151.84 million during the quarter, compared to the consensus estimate of $149.45 million. During the same quarter in the previous year, the company earned $0.73 earnings per share. The business’s revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Cohen & Steers Inc will post 3.53 EPS for the current year.

Cohen & Steers Dividend Announcement

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

Insider Buying and Selling at Cohen & Steers

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

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).