Two Sigma Advisers LP boosted its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,100 shares of the asset manager’s stock after acquiring an additional 900 shares during the period. Two Sigma Advisers LP owned 0.08% of Cohen & Steers worth $1,823,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of CNS. Northwestern Mutual Wealth Management Co. increased its position in Cohen & Steers by 35.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 537 shares of the asset manager’s stock valued at $34,000 after buying an additional 140 shares in the last quarter. FMR LLC grew its stake in shares of Cohen & Steers by 26.1% during the fourth quarter. FMR LLC now owns 690 shares of the asset manager’s stock worth $43,000 after acquiring an additional 143 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Cohen & Steers by 7.3% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,192 shares of the asset manager’s stock worth $138,000 after acquiring an additional 149 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Cohen & Steers by 5.8% during the fourth quarter. Amalgamated Bank now owns 4,302 shares of the asset manager’s stock valued at $270,000 after acquiring an additional 234 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Cohen & Steers by 36.8% in the 1st quarter. US Bancorp DE now owns 1,357 shares of the asset manager’s stock valued at $61,000 after purchasing an additional 365 shares during the last quarter. 45.40% of the stock is owned by institutional investors.
Cohen & Steers stock opened at $66.97 on Wednesday. The business’s 50-day simple moving average is $66.71 and its two-hundred day simple moving average is $62.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.91 and a current ratio of 5.91. The company has a market cap of $3.20 billion, a PE ratio of 25.56, a PEG ratio of 2.44 and a beta of 1.37. Cohen & Steers, Inc. has a fifty-two week low of $33.52 and a fifty-two week high of $78.23.
Cohen & Steers (NYSE:CNS) last released its earnings results on Wednesday, April 22nd. The asset manager reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.03). The firm had revenue of $105.83 million for the quarter, compared to analyst estimates of $104.75 million. Cohen & Steers had a return on equity of 54.04% and a net margin of 29.33%. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS. As a group, analysts predict that Cohen & Steers, Inc. will post 2.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.33%. The ex-dividend date was Friday, May 15th. Cohen & Steers’s payout ratio is 60.70%.
Separately, Bank of America upgraded shares of Cohen & Steers from an “underperform” rating to a “neutral” rating and set a $54.00 price target on the stock in a research note on Friday, April 24th.
In related news, EVP Michele Nolty sold 3,000 shares of Cohen & Steers stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $52.28, for a total transaction of $156,840.00. Following the completion of the transaction, the executive vice president now directly owns 15,812 shares in the company, valued at $826,651.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew S. Stadler sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $52.63, for a total value of $1,315,750.00. Following the completion of the transaction, the chief financial officer now directly owns 145,266 shares of the company’s stock, valued at $7,645,349.58. The disclosure for this sale can be found here. Insiders sold a total of 47,947 shares of company stock worth $2,909,148 over the last ninety days. Insiders own 49.31% of the company’s stock.
Cohen & Steers Company Profile
Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.
Featured Story: Ex-Dividend
Receive News & Ratings for Cohen & Steers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohen & Steers and related companies with MarketBeat.com's FREE daily email newsletter.