Ieq Capital LLC bought a new stake in shares of Cohen & Steers Inc (NYSE:CNS – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 35,084 shares of the asset manager’s stock, valued at approximately $2,671,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Oregon Public Employees Retirement Fund increased its stake in Cohen & Steers by 2.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,338 shares of the asset manager’s stock valued at $398,000 after purchasing an additional 176 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Cohen & Steers by 0.9% during the second quarter. Thrivent Financial for Lutherans now owns 19,867 shares of the asset manager’s stock valued at $1,497,000 after purchasing an additional 185 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Cohen & Steers by 0.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 30,194 shares of the asset manager’s stock worth $2,276,000 after purchasing an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Cohen & Steers by 88.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 610 shares of the asset manager’s stock valued at $38,000 after buying an additional 287 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Cohen & Steers by 345.3% in the 1st 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 period. 51.47% of the stock is owned by institutional investors.
Insider Activity
In other Cohen & Steers news, CAO Elena Dulik sold 1,100 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $83.16, for a total value of $91,476.00. Following the completion of the sale, the chief accounting officer owned 22,146 shares in the company, valued at approximately $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 accessible through the SEC website. Also, EVP Daniel Noonan sold 4,360 shares of the stock in a transaction that occurred 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 directly owned 28,682 shares of the company’s stock, valued at $2,217,979.06. The trade was a 13.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 45.40% of the stock is currently owned by insiders.
Cohen & Steers Stock Up 2.1%
Cohen & Steers (NYSE:CNS – Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The asset manager reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $151.84 million for the quarter, compared to the consensus estimate of $149.45 million. Cohen & Steers had a return on equity of 27.41% and a net margin of 28.82%.The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 EPS. On average, equities research analysts anticipate that Cohen & Steers Inc will post 3.53 earnings per share for the current fiscal year.
Cohen & Steers Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, August 10th. Cohen & Steers’s dividend payout ratio (DPR) is presently 82.21%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Evercore reaffirmed an “outperform” rating and set a $88.00 price target 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 report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $78.00.
Get Our Latest Analysis 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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