Los Angeles Capital Management LLC Sells 2,810 Shares of Cohen & Steers Inc $CNS

Los Angeles Capital Management LLC decreased its holdings in shares of Cohen & Steers Inc (NYSE:CNS) by 21.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 10,012 shares of the asset manager’s stock after selling 2,810 shares during the period. Los Angeles Capital Management LLC’s holdings in Cohen & Steers were worth $754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. EFG Asset Management North America Corp. raised its position in shares of Cohen & Steers by 13.7% in the second quarter. EFG Asset Management North America Corp. now owns 58,034 shares of the asset manager’s stock valued at $4,373,000 after purchasing an additional 6,971 shares during the period. Versor Investments LP grew its stake in Cohen & Steers by 35.2% in the 2nd quarter. Versor Investments LP now owns 7,337 shares of the asset manager’s stock valued at $553,000 after buying an additional 1,909 shares during the last quarter. AlphaQuest LLC raised its holdings in Cohen & Steers by 51.3% in the 2nd quarter. AlphaQuest LLC now owns 29,246 shares of the asset manager’s stock valued at $2,204,000 after acquiring an additional 9,919 shares during the period. First Citizens Bank & Trust Co. raised its holdings in Cohen & Steers by 201.1% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,909 shares of the asset manager’s stock valued at $596,000 after acquiring an additional 5,282 shares during the period. Finally, Boston Trust Walden Corp lifted its position in Cohen & Steers by 1.3% during the second quarter. Boston Trust Walden Corp now owns 922,895 shares of the asset manager’s stock worth $69,540,000 after acquiring an additional 11,464 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Trading Down 1.2%

Shares of CNS opened at $65.41 on Friday. Cohen & Steers Inc has a 12 month low of $64.29 and a 12 month high of $107.31. The firm’s 50 day moving average is $68.28 and its 200-day moving average is $73.43. The stock has a market capitalization of $3.34 billion, a PE ratio of 20.50, a P/E/G ratio of 1.81 and a beta of 1.40.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Thursday, October 16th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.03. Cohen & Steers had a return on equity of 29.92% and a net margin of 29.73%.The business had revenue of $140.94 million during the quarter, compared to analysts’ expectations of $138.84 million. During the same period in the previous year, the company posted $0.77 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Cohen & Steers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, November 10th. Cohen & Steers’s dividend payout ratio is 77.74%.

Analysts Set New Price Targets

Several research firms have recently commented on CNS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cohen & Steers in a research report on Wednesday, October 8th. Bank of America boosted their price target on Cohen & Steers from $66.00 to $68.00 and gave the company an “underperform” rating in a research note on Thursday, October 2nd. Finally, Evercore ISI upped their price objective on Cohen & Steers from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $72.50.

About Cohen & Steers

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.