Atria Investments Inc Cuts Stake in Cohen & Steers, Inc. (NYSE:CNS)

Atria Investments Inc trimmed its position in Cohen & Steers, Inc. (NYSE:CNS) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,600 shares of the asset manager’s stock after selling 121 shares during the quarter. Atria Investments Inc’s holdings in Cohen & Steers were worth $633,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Cohen & Steers by 115.1% during 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. Signaturefd LLC grew its stake in Cohen & Steers by 19.8% during the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 107 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Cohen & Steers by 16.9% in the third quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock worth $79,000 after acquiring an additional 119 shares during the period. nVerses Capital LLC acquired a new stake in Cohen & Steers during the 3rd quarter worth about $125,000. Finally, OLD National Bancorp IN purchased a new position in shares of Cohen & Steers during the 3rd quarter valued at about $206,000. 51.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on CNS. Evercore ISI upped their price target on Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group raised shares of Cohen & Steers from a “sell” rating to a “neutral” rating and boosted their price target for the company from $63.00 to $102.00 in a research report on Thursday, October 17th.

Cohen & Steers Trading Up 0.1 %

CNS stock opened at $99.99 on Wednesday. Cohen & Steers, Inc. has a twelve month low of $56.04 and a twelve month high of $110.67. The stock has a market cap of $5.06 billion, a P/E ratio of 37.31 and a beta of 1.53. The company’s 50 day moving average is $97.77 and its two-hundred day moving average is $84.62.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%. The business had revenue of $133.20 million for the quarter, compared to the consensus estimate of $124.18 million. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year.

Cohen & Steers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.59 per share. The ex-dividend date is Monday, November 18th. This represents a $2.36 dividend on an annualized basis and a yield of 2.36%. Cohen & Steers’s dividend payout ratio (DPR) is currently 88.06%.

Cohen & Steers 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.