Vanguard Group Inc. Acquires 31,525 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Vanguard Group Inc. grew its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,666,537 shares of the asset manager’s stock after acquiring an additional 31,525 shares during the period. Vanguard Group Inc. owned 5.38% of Cohen & Steers worth $201,937,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rhumbline Advisers lifted its position in shares of Cohen & Steers by 1.8% during the 3rd quarter. Rhumbline Advisers now owns 37,790 shares of the asset manager’s stock valued at $2,369,000 after buying an additional 665 shares in the last quarter. Invesco Ltd. boosted its position in shares of Cohen & Steers by 421.4% in the third quarter. Invesco Ltd. now owns 233,931 shares of the asset manager’s stock worth $14,665,000 after purchasing an additional 189,066 shares during the period. Stifel Financial Corp boosted its position in shares of Cohen & Steers by 3.9% in the third quarter. Stifel Financial Corp now owns 35,641 shares of the asset manager’s stock worth $2,234,000 after purchasing an additional 1,348 shares during the period. Northern Trust Corp boosted its position in shares of Cohen & Steers by 2.7% in the third quarter. Northern Trust Corp now owns 323,429 shares of the asset manager’s stock worth $20,276,000 after purchasing an additional 8,353 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Cohen & Steers by 34.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 4,925 shares of the asset manager’s stock worth $309,000 after purchasing an additional 1,253 shares during the period. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Insider Transactions at Cohen & Steers

In other Cohen & Steers news, EVP Jon Cheigh sold 7,159 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $72.57, for a total transaction of $519,528.63. Following the completion of the transaction, the executive vice president now owns 167,018 shares in the company, valued at approximately $12,120,496.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 47.04% of the company’s stock.

Cohen & Steers Price Performance

CNS opened at $71.73 on Wednesday. The firm has a market cap of $3.63 billion, a P/E ratio of 27.91 and a beta of 1.53. Cohen & Steers, Inc. has a 1-year low of $50.05 and a 1-year high of $78.58. The company has a 50 day simple moving average of $70.96 and a two-hundred day simple moving average of $71.54.

Cohen & Steers (NYSE:CNS) last released its earnings results on Thursday, April 18th. The asset manager reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). The company had revenue of $122.71 million during the quarter, compared to analysts’ expectations of $125.01 million. Cohen & Steers had a return on equity of 36.67% and a net margin of 26.27%. Cohen & Steers’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS.

Cohen & Steers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th were given a dividend of $0.59 per share. The ex-dividend date was Friday, May 10th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.29%. Cohen & Steers’s payout ratio is 91.83%.

Wall Street Analyst Weigh In

Separately, UBS Group dropped their price target on shares of Cohen & Steers from $69.00 to $67.00 and set a “sell” rating for the company in a research report on Friday, April 12th.

About Cohen & Steers

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.