Cohen & Steers (CNS) Sets New 12-Month Low at $37.07

Shares of Cohen & Steers, Inc. (NYSE:CNS) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $37.07 and last traded at $37.41, with a volume of 3262 shares trading hands. The stock had previously closed at $37.73.

A number of analysts have recently issued reports on CNS shares. Zacks Investment Research raised Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Monday, June 18th. ValuEngine raised Cohen & Steers from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Finally, Credit Suisse Group cut their price objective on Cohen & Steers from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, July 20th. Four analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.20.

The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.75 and a beta of 1.16.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, July 18th. The asset manager reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). The firm had revenue of $94.40 million for the quarter, compared to analyst estimates of $94.66 million. Cohen & Steers had a return on equity of 37.09% and a net margin of 26.79%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 earnings per share. As a group, analysts predict that Cohen & Steers, Inc. will post 2.47 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in CNS. State of Alaska Department of Revenue acquired a new stake in Cohen & Steers during the 3rd quarter worth approximately $108,000. Xact Kapitalforvaltning AB acquired a new stake in Cohen & Steers during the 2nd quarter worth approximately $202,000. Envestnet Asset Management Inc. lifted its holdings in Cohen & Steers by 33.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,499 shares of the asset manager’s stock worth $229,000 after purchasing an additional 1,391 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Cohen & Steers during the 1st quarter worth approximately $255,000. Finally, Brown Advisory Inc. acquired a new stake in Cohen & Steers during the 1st quarter worth approximately $269,000. 49.15% of the stock is owned by institutional investors and hedge funds.

About Cohen & Steers (NYSE:CNS)

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.

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