SG Americas Securities LLC Decreases Stake in Cohen & Steers Inc $CNS

SG Americas Securities LLC lowered its position in shares of Cohen & Steers Inc (NYSE:CNSFree Report) by 67.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,706 shares of the asset manager’s stock after selling 11,788 shares during the period. SG Americas Securities LLC’s holdings in Cohen & Steers were worth $357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CNS. Kestra Advisory Services LLC purchased a new position in shares of Cohen & Steers in the 4th quarter valued at about $28,000. Geneos Wealth Management Inc. lifted its stake in Cohen & Steers by 345.3% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock worth $31,000 after purchasing an additional 297 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Cohen & Steers during the fourth quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd boosted its holdings in Cohen & Steers by 110.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 299 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Cohen & Steers by 754.9% in the fourth quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 536 shares in the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cohen & Steers news, 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 completion of the transaction, the executive vice president owned 28,682 shares in the company, valued at approximately $2,217,979.06. This represents a 13.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 45.40% of the company’s stock.

Cohen & Steers Trading Up 0.7%

Cohen & Steers stock opened at $77.01 on Friday. The stock has a 50 day moving average of $73.87 and a two-hundred day moving average of $68.25. Cohen & Steers Inc has a twelve month low of $58.39 and a twelve month high of $80.48. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.12 and a beta of 1.22.

Cohen & Steers (NYSE:CNSGet Free Report) last released its earnings results on Thursday, April 16th. The asset manager reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The company had revenue of $144.26 million during the quarter, compared to analyst estimates of $140.62 million. During the same period in the previous year, the firm posted $0.75 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities analysts predict that Cohen & Steers Inc will post 3.47 earnings per share for the current year.

Cohen & Steers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 11th. Cohen & Steers’s payout ratio is currently 88.45%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CNS shares. Evercore reissued an “outperform” rating and set a $82.00 price objective on shares of Cohen & Steers in a report on Monday, June 8th. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. Finally, Zacks Research raised shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $75.00.

Read Our Latest Stock Analysis on Cohen & Steers

Cohen & Steers Profile

(Free Report)

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).

See Also

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Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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