Corient Private Wealth LP acquired a new stake in shares of Cohen & Steers Inc (NYSE:CNS – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 23,893 shares of the asset manager’s stock, valued at approximately $1,498,000.
Several other large investors have also bought and sold shares of CNS. Kestra Advisory Services LLC bought a new position in shares of Cohen & Steers in the fourth quarter worth approximately $28,000. Geneos Wealth Management Inc. grew its holdings in shares of Cohen & Steers by 345.3% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after buying an additional 297 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Cohen & Steers during the fourth quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd increased its position in shares of Cohen & Steers by 110.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 299 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in Cohen & Steers by 754.9% in the 4th quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock worth $38,000 after acquiring an additional 536 shares during the last quarter. 51.47% of the stock is owned by hedge funds and other institutional investors.
Cohen & Steers Stock Up 2.1%
Shares of NYSE CNS opened at $78.89 on Friday. The firm’s 50-day moving average price is $80.97 and its 200-day moving average price is $72.85. Cohen & Steers Inc has a 52-week low of $58.39 and a 52-week high of $86.56. The company has a market cap of $4.06 billion, a PE ratio of 24.20, a PEG ratio of 1.88 and a beta of 1.21.
Cohen & Steers Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, August 10th. Cohen & Steers’s dividend payout ratio is presently 82.21%.
Analysts Set New Price Targets
Several brokerages have commented on CNS. Evercore reiterated an “outperform” rating and set a $88.00 target price on shares of Cohen & Steers in a research note on Monday, August 10th. Weiss Ratings upgraded Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $78.00.
Read Our Latest Stock Report on CNS
Insider Buying and Selling at Cohen & Steers
In other news, CAO Elena Dulik sold 1,100 shares of the firm’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $83.16, for a total value of $91,476.00. Following the transaction, the chief accounting officer directly owned 22,146 shares in the company, valued at $1,841,661.36. This trade represents a 4.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 value of $337,158.80. Following the sale, the executive vice president owned 28,682 shares of the company’s stock, valued at approximately $2,217,979.06. This trade represents a 13.20% decrease in their position. The SEC filing for this sale provides additional information. 45.40% of the stock is owned by corporate insiders.
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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