Creative Planning Has $866,000 Stock Position in Cohen & Steers, Inc. (NYSE:CNS)

Creative Planning raised its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,940 shares of the asset manager’s stock after buying an additional 1,034 shares during the quarter. Creative Planning’s holdings in Cohen & Steers were worth $866,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CNS. GAMMA Investing LLC boosted its holdings in Cohen & Steers by 115.1% in the 2nd 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. Meeder Asset Management Inc. acquired a new stake in Cohen & Steers during the second quarter worth about $161,000. Central Pacific Bank Trust Division bought a new position in Cohen & Steers during the first quarter valued at about $224,000. AQR Capital Management LLC lifted its position in shares of Cohen & Steers by 5.5% in the 2nd quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager’s stock worth $238,000 after acquiring an additional 172 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Cohen & Steers by 17.0% during the 1st 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 institutional investors.

Insider Transactions at Cohen & Steers

In related news, Director Richard P. Simon sold 7,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $80.61, for a total transaction 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 $1,262,352.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Richard P. Simon sold 7,000 shares of the company’s 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 transaction, the director now owns 15,660 shares in the company, valued at $1,262,352.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Elena Dulik sold 1,100 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $86.45, for a total transaction of $95,095.00. Following the completion of the sale, the chief accounting officer now owns 20,091 shares of the company’s stock, valued at $1,736,866.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,600 shares of company stock valued at $1,710,365 in the last three months. 47.60% of the stock is owned by corporate insiders.

Cohen & Steers Price Performance

Shares of CNS stock opened at $93.84 on Friday. The stock’s fifty day simple moving average is $89.36 and its 200 day simple moving average is $78.91. Cohen & Steers, Inc. has a one year low of $50.05 and a one year high of $97.57. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 36.51 and a beta of 1.54.

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

Cohen & Steers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Monday, August 12th. Cohen & Steers’s dividend payout ratio (DPR) is currently 91.83%.

Analysts Set New Price Targets

CNS has been the subject of a number of recent research reports. UBS Group cut their target price 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 target price on shares of Cohen & Steers from $92.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, October 4th.

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.