34,512 Cohen & Steers Inc $CNS Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in shares of Cohen & Steers Inc (NYSE:CNS – Free Report) by 37.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 126,251 shares of the asset manager’s stock after purchasing an additional 34,512 shares during the period. ProShare Advisors LLC’s holdings in Cohen & Steers were worth $9,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Cohen & Steers in the second quarter valued at about $343,390,000. Bank of New York Mellon Corp bought a new stake in shares of Cohen & Steers in the second quarter worth about $32,514,000. Assenagon Asset Management S.A. increased its holdings in shares of Cohen & Steers by 582.5% in the third quarter. Assenagon Asset Management S.A. now owns 450,099 shares of the asset manager’s stock worth $32,907,000 after acquiring an additional 384,155 shares in the last quarter. Bamco Inc. NY acquired a new stake in shares of Cohen & Steers during the second quarter worth about $11,688,000. Finally, Legal & General Group Plc acquired a new stake in shares of Cohen & Steers during the second quarter worth about $5,612,000. 51.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CNS shares. Zacks Research cut Cohen & Steers from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Weiss Ratings cut Cohen & Steers from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Evercore reissued an “outperform” rating and set a $88.00 target price on shares of Cohen & Steers in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Cohen & Steers currently has an average rating of “Hold” and a consensus target price of $88.00.

View Our Latest Analysis on CNS

Cohen & Steers Stock Down 1.6%

Shares of CNS stock opened at $73.17 on Wednesday. Cohen & Steers Inc has a 12-month low of $58.39 and a 12-month high of $86.56. The firm has a fifty day moving average of $73.94 and a 200-day moving average of $72.09. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 3.17 and a beta of 1.19.

Cohen & Steers (NYSE:CNS – Get Free Report) last posted its quarterly earnings data on Thursday, October 15th. The asset manager reported $0.89 EPS for the quarter, meeting the consensus estimate of $0.89. The business had revenue of $156.41 million for the quarter, compared to analysts’ expectations of $155.12 million. Cohen & Steers had a net margin of 28.16% and a return on equity of 26.90%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. On average, equities analysts expect that Cohen & Steers Inc will post 3.48 EPS for the current year.

Cohen & Steers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, November 9th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, November 9th. Cohen & Steers’s dividend payout ratio is 82.21%.

About Cohen & Steers

(Free Report)

Cohen & Steers, Inc is a global investment management company specializing in real assets and alternative income. The firm manages investment strategies focused on real estate securities, infrastructure, natural resource equities, commodities, preferred securities and other income-oriented assets.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, institutional portfolios and private-market strategies. Cohen & Steers serves institutional investors, financial intermediaries and individual investors through a range of publicly traded and privately held investment vehicles.

Founded in 1986 by Martin Cohen and Robert Steers, the company is headquartered in New York City and serves clients in North America, Europe and Asia.

See Also

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

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