UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.83 Million Stock Holdings in Cohen & Steers, Inc. (NYSE:CNS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 10.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,708 shares of the asset manager’s stock after selling 7,302 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Cohen & Steers worth $5,825,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Cohen & Steers during the 3rd quarter worth $31,000. GAMMA Investing LLC lifted its stake in shares of Cohen & Steers by 64.9% in the 3rd quarter. GAMMA Investing LLC now owns 610 shares of the asset manager’s stock valued at $59,000 after purchasing an additional 240 shares during the period. Signaturefd LLC raised its stake in Cohen & Steers by 19.8% during the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock worth $62,000 after buying an additional 107 shares during the period. Farther Finance Advisors LLC raised its stake in Cohen & Steers by 16.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock worth $79,000 after buying an additional 119 shares during the period. Finally, KBC Group NV acquired a new position in Cohen & Steers during the 3rd quarter worth approximately $106,000. Institutional investors and hedge funds own 51.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CNS. UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $63.00 to $102.00 in a research note on Thursday, October 17th. Evercore ISI increased their price objective on Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

Cohen & Steers Price Performance

Cohen & Steers stock opened at $99.63 on Wednesday. Cohen & Steers, Inc. has a one year low of $63.13 and a one year high of $110.67. The firm has a market capitalization of $5.04 billion, a P/E ratio of 37.17 and a beta of 1.52. The business has a fifty day moving average price of $100.27 and a 200-day moving average price of $87.84.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data 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. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The company had revenue of $133.20 million for the quarter, compared to the consensus estimate of $124.18 million. During the same quarter last year, the business posted $0.70 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year.

Cohen & Steers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a dividend of $0.59 per share. The ex-dividend date was Monday, November 18th. This represents a $2.36 dividend on an annualized basis and a yield of 2.37%. Cohen & Steers’s payout ratio is 88.06%.

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.