SG Americas Securities LLC Increases Position in Cohen & Steers, Inc. (NYSE:CNS)

SG Americas Securities LLC lifted its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 24.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 12,919 shares of the asset manager’s stock after buying an additional 2,565 shares during the period. SG Americas Securities LLC’s holdings in Cohen & Steers were worth $879,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CNS. Bank of New York Mellon Corp lifted its stake in shares of Cohen & Steers by 71.5% during the first quarter. Bank of New York Mellon Corp now owns 377,687 shares of the asset manager’s stock valued at $17,166,000 after buying an additional 157,426 shares during the period. Norges Bank purchased a new position in shares of Cohen & Steers during the fourth quarter valued at approximately $9,775,000. First Trust Advisors LP lifted its stake in shares of Cohen & Steers by 1,335.7% during the first quarter. First Trust Advisors LP now owns 110,624 shares of the asset manager’s stock valued at $4,676,000 after buying an additional 102,919 shares during the period. Driehaus Capital Management LLC purchased a new position in shares of Cohen & Steers during the first quarter valued at approximately $4,572,000. Finally, Bank of America Corp DE lifted its stake in shares of Cohen & Steers by 157.2% during the fourth quarter. Bank of America Corp DE now owns 132,704 shares of the asset manager’s stock valued at $8,328,000 after buying an additional 81,108 shares during the period. 45.42% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Matthew S. Stadler sold 18,219 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $72.03, for a total value of $1,312,314.57. Following the completion of the sale, the chief financial officer now owns 127,315 shares of the company’s stock, valued at $9,170,499.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Francis C. Poli sold 1,728 shares of the stock in a transaction on Friday, June 19th. The stock was sold at an average price of $71.90, for a total transaction of $124,243.20. Following the completion of the sale, the executive vice president now directly owns 63,791 shares of the company’s stock, valued at approximately $4,586,572.90. The disclosure for this sale can be found here. Company insiders own 49.31% of the company’s stock.

Separately, Bank of America raised 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.

NYSE:CNS opened at $60.18 on Friday. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.87 billion, a P/E ratio of 24.46, a P/E/G ratio of 2.06 and a beta of 1.35. Cohen & Steers, Inc. has a fifty-two week low of $33.52 and a fifty-two week high of $78.23. The firm’s 50 day moving average is $67.40 and its two-hundred day moving average is $62.45.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The company had revenue of $94.09 million for the quarter. Cohen & Steers had a net margin of 29.19% and a return on equity of 54.10%. Research analysts forecast that Cohen & Steers, Inc. will post 2.31 earnings per share for the current fiscal year.

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.

Further Reading: 52-week highs

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

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