Cohen & Steers Inc (NYSE:CNS – Get Free Report) CAO Elena Dulik sold 1,100 shares of the firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $83.16, for a total transaction of $91,476.00. Following the completion of the transaction, the chief accounting officer directly owned 22,146 shares in the company, valued at approximately $1,841,661.36. This represents a 4.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Cohen & Steers Trading Down 1.0%
Shares of Cohen & Steers stock opened at $81.64 on Thursday. The company has a fifty day moving average price of $76.41 and a 200 day moving average price of $69.85. Cohen & Steers Inc has a twelve month low of $58.39 and a twelve month high of $84.93. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 2.03 and a beta of 1.22.
Cohen & Steers (NYSE:CNS – Get Free Report) last released its quarterly earnings data 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 28.03%. The company had revenue of $151.84 million during the quarter, compared to analysts’ expectations of $149.45 million. During the same period last year, the business earned $0.73 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts forecast that Cohen & Steers Inc will post 3.49 earnings per share for the current year.
Institutional Investors Weigh In On Cohen & Steers
Key Headlines Impacting Cohen & Steers
Here are the key news stories impacting Cohen & Steers this week:
- Positive Sentiment: Institutional ownership trends were supportive: Wasatch Advisors increased its position by 15.1%, while Goldman Sachs more than tripled its stake. Institutional investors collectively own about 51.5% of CNS. The company also maintains a quarterly dividend of $0.67 per share, equivalent to a 3.3% yield at recent prices.
- Positive Sentiment: The latest quarterly results showed revenue of $151.84 million, up 12.2% year over year and above expectations. New marketing leadership could potentially strengthen distribution and support future asset growth. Is Stronger Earnings And New Marketing Leadership Altering The Investment Case for Cohen & Steers?
- Neutral Sentiment: Cohen & Steers Closed-end Opportunity Fund (NYSE: FOF) approved changes to its 80% investment policy and related strategy disclosures, effective October 1. The announcement concerns the managed fund rather than CNS’s core shares and therefore has limited direct impact on the parent company. Cohen & Steers Closed-end Opportunity Fund Investment Policy Notice
- Neutral Sentiment: Distribution-source notices for FOF, RFI, RNP, RQI and UTF primarily provide shareholder tax and distribution information and are not expected to materially affect CNS earnings.
- Negative Sentiment: CAO Elena Dulik sold 1,100 CNS shares for $91,476, reducing her holdings by 4.73%. Although she retained 22,146 shares, the insider sale may add modest selling pressure and investor caution near the stock’s highs. Cohen & Steers CAO Stock Sale
- Negative Sentiment: Valuation is the main concern. CNS trades at roughly 25 times earnings and above the consensus target, while its latest EPS of $0.85 narrowly missed the $0.86 estimate. These factors help explain weakness despite revenue beating forecasts. Cohen & Steers Stock Looks Above Fair Value
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on CNS shares. Evercore restated an “outperform” rating and issued a $84.00 price target on shares of Cohen & Steers in a report on Friday, July 10th. 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. 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, Cohen & Steers has a consensus rating of “Hold” and an average price target of $76.00.
View Our Latest Research Report on CNS
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).
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