Thrivent Financial for Lutherans Lowers Stock Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Thrivent Financial for Lutherans reduced its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,039 shares of the asset manager’s stock after selling 778 shares during the period. Thrivent Financial for Lutherans’ holdings in Cohen & Steers were worth $2,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royce & Associates LP purchased a new position in Cohen & Steers in the third quarter valued at $868,000. CIBC Asset Management Inc purchased a new position in Cohen & Steers in the third quarter valued at $243,000. KBC Group NV purchased a new position in Cohen & Steers in the third quarter valued at $106,000. Ashton Thomas Securities LLC purchased a new position in Cohen & Steers in the third quarter valued at $31,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Cohen & Steers in the third quarter valued at $211,000. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Price Performance

Shares of NYSE CNS opened at $104.63 on Friday. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 39.04 and a beta of 1.53. The business has a 50-day moving average of $99.09 and a two-hundred day moving average of $85.87. Cohen & Steers, Inc. has a 1 year low of $56.28 and a 1 year high of $110.67.

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

Cohen & Steers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.26%. The ex-dividend date is Monday, November 18th. Cohen & Steers’s dividend payout ratio (DPR) is presently 88.06%.

Analyst Ratings Changes

CNS has been the subject of a number of recent research reports. Evercore ISI lifted their target price on Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. UBS Group upgraded Cohen & Steers from a “sell” rating to a “neutral” rating and lifted their target price for the company from $63.00 to $102.00 in a report on Thursday, October 17th.

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.