56,612 Shares in Cohen & Steers, Inc. (NYSE:CNS) Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 56,612 shares of the asset manager’s stock, valued at approximately $4,108,000. Renaissance Technologies LLC owned approximately 0.11% of Cohen & Steers as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of CNS. GAMMA Investing LLC lifted its position in Cohen & Steers by 115.1% during the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 198 shares during the period. Garner Asset Management Corp bought a new stake in Cohen & Steers during the 4th quarter worth approximately $84,000. Meeder Asset Management Inc. purchased a new position in Cohen & Steers during the second quarter valued at approximately $161,000. Central Pacific Bank Trust Division bought a new position in shares of Cohen & Steers in the first quarter worth approximately $224,000. Finally, Principal Financial Group Inc. increased its stake in shares of Cohen & Steers by 17.0% in the first quarter. Principal Financial Group Inc. now owns 3,498 shares of the asset manager’s stock worth $269,000 after purchasing an additional 509 shares in the last quarter. 51.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cohen & Steers

In other news, Director Richard P. Simon sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $80.61, for a total value of $564,270.00. Following the completion of the sale, the director now directly owns 15,660 shares of the company’s stock, valued at approximately $1,262,352.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Richard P. Simon sold 7,000 shares of Cohen & Steers stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $80.61, for a total transaction of $564,270.00. Following the completion of the transaction, the director now directly owns 15,660 shares of the company’s stock, valued at approximately $1,262,352.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jon Cheigh sold 12,500 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $84.08, for a total transaction of $1,051,000.00. Following the completion of the sale, the executive vice president now directly owns 155,311 shares in the company, valued at $13,058,548.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,600 shares of company stock valued at $1,710,365. Insiders own 47.60% of the company’s stock.

Cohen & Steers Stock Up 0.7 %

Shares of Cohen & Steers stock opened at $95.70 on Friday. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 37.24 and a beta of 1.54. Cohen & Steers, Inc. has a twelve month low of $50.05 and a twelve month high of $97.57. The business has a 50-day moving average price of $87.56 and a 200-day moving average price of $77.53.

Cohen & Steers (NYSE:CNS) last posted its earnings results on Wednesday, July 17th. The asset manager reported $0.68 EPS for the quarter. Cohen & Steers had a return on equity of 34.08% and a net margin of 26.21%. The firm had revenue of $121.70 million during the quarter, compared to the consensus estimate of $121.48 million. During the same period in the prior year, the company earned $0.70 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year.

Cohen & Steers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Monday, August 12th. Cohen & Steers’s dividend payout ratio is 91.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CNS shares. UBS Group cut their price target on Cohen & Steers from $65.00 to $63.00 and set a “sell” rating for the company in a research note on Wednesday, July 10th. Evercore ISI upped their price target on Cohen & Steers from $85.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th.

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.