Fmr LLC Grows Position in Cohen & Steers, Inc. (NYSE:CNS)

Fmr LLC raised its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,504 shares of the asset manager’s stock after acquiring an additional 250 shares during the period. Fmr LLC’s holdings in Cohen & Steers were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Cohen & Steers during the third quarter valued at $31,000. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 240 shares during the last quarter. Signaturefd LLC grew its position in Cohen & Steers by 19.8% in the third quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock worth $62,000 after acquiring an additional 107 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Cohen & Steers by 16.9% during 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 last quarter. Finally, KBC Group NV purchased a new stake in Cohen & Steers during the third quarter valued at approximately $106,000. 51.47% of the stock is currently owned by institutional investors.

Cohen & Steers Stock Performance

Cohen & Steers stock opened at $92.49 on Friday. The company has a market capitalization of $4.68 billion, a PE ratio of 34.51 and a beta of 1.52. The company has a 50 day moving average price of $100.89 and a 200-day moving average price of $88.92. Cohen & Steers, Inc. has a fifty-two week low of $64.13 and a fifty-two week high of $110.67.

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, topping the consensus estimate of $0.74 by $0.03. The business had revenue of $133.20 million during the quarter, compared to analysts’ expectations of $124.18 million. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 EPS.

Cohen & Steers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a $0.59 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.36 annualized dividend and a dividend yield of 2.55%. Cohen & Steers’s dividend payout ratio is currently 88.06%.

Analyst Ratings Changes

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