nVerses Capital LLC Takes $125,000 Position in Cohen & Steers, Inc. (NYSE:CNS)

nVerses Capital LLC bought a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,300 shares of the asset manager’s stock, valued at approximately $125,000.

A number of other institutional investors have also recently modified their holdings of the business. AQR Capital Management LLC grew its position in shares of Cohen & Steers by 5.5% during the 2nd quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager’s stock valued at $238,000 after acquiring an additional 172 shares during the period. Inspire Investing LLC lifted its stake in Cohen & Steers by 4.0% in the 2nd quarter. Inspire Investing LLC now owns 4,864 shares of the asset manager’s stock valued at $353,000 after buying an additional 185 shares in the last quarter. GAMMA Investing LLC lifted its stake 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 buying an additional 198 shares in the last quarter. Arizona State Retirement System lifted its stake in Cohen & Steers by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 7,625 shares of the asset manager’s stock valued at $553,000 after buying an additional 198 shares in the last quarter. Finally, Inspire Advisors LLC lifted its stake in Cohen & Steers by 1.9% in the 2nd quarter. Inspire Advisors LLC now owns 11,337 shares of the asset manager’s stock valued at $823,000 after buying an additional 210 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group raised shares of Cohen & Steers from a “sell” rating to a “neutral” rating and raised their price target for the company from $63.00 to $102.00 in a research note on Thursday. Evercore ISI raised their price target 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 Price Performance

CNS opened at $106.48 on Monday. The company’s 50 day simple moving average is $91.27 and its two-hundred day simple moving average is $79.86. Cohen & Steers, Inc. has a 1-year low of $50.05 and a 1-year high of $110.67. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 41.43 and a beta of 1.54.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. The firm had revenue of $133.20 million for the quarter, compared to analyst estimates of $124.18 million. Cohen & Steers had a net margin of 26.21% and a return on equity of 34.08%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS.

Cohen & Steers Announces Dividend

The company also recently declared 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 2.22%. The ex-dividend date of this dividend was Monday, August 12th. Cohen & Steers’s payout ratio is presently 91.83%.

Insider Activity

In related news, EVP Jon Cheigh sold 12,500 shares of Cohen & Steers stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $84.08, for a total value of $1,051,000.00. Following the completion of the sale, the executive vice president now owns 155,311 shares in the company, valued at approximately $13,058,548.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Cohen & Steers news, CAO Elena Dulik sold 1,100 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $86.45, for a total value of $95,095.00. Following the completion of the transaction, the chief accounting officer now owns 20,091 shares in the company, valued at $1,736,866.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jon Cheigh sold 12,500 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 155,311 shares of the company’s stock, valued at approximately $13,058,548.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 47.60% of the company’s stock.

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.