Cohen & Steers, Inc. (NYSE:CNS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 19.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 729 shares of the asset manager’s stock after buying an additional 119 shares during the period. GAMMA Investing LLC’s holdings in Cohen & Steers were worth $67,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp lifted its holdings in Cohen & Steers by 0.8% in the 3rd quarter. State Street Corp now owns 1,098,165 shares of the asset manager’s stock worth $105,369,000 after buying an additional 8,774 shares in the last quarter. Creative Planning lifted its stake in shares of Cohen & Steers by 9.5% in the second quarter. Creative Planning now owns 11,940 shares of the asset manager’s stock worth $866,000 after acquiring an additional 1,034 shares in the last quarter. Rhumbline Advisers boosted its holdings in Cohen & Steers by 101.6% in the second quarter. Rhumbline Advisers now owns 77,146 shares of the asset manager’s stock valued at $5,598,000 after purchasing an additional 38,887 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Cohen & Steers during the 3rd quarter valued at approximately $5,025,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Cohen & Steers by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock worth $91,305,000 after purchasing an additional 52,103 shares during the last quarter. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Stock Down 4.3 %

Shares of Cohen & Steers stock opened at $85.66 on Monday. The business has a 50-day moving average price of $98.00 and a 200 day moving average price of $91.54. Cohen & Steers, Inc. has a fifty-two week low of $64.13 and a fifty-two week high of $110.67. The firm has a market cap of $4.33 billion, a P/E ratio of 31.96 and a beta of 1.55.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, beating 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 business had revenue of $133.20 million during the quarter, compared to the consensus estimate of $124.18 million. During the same period in the previous year, the business earned $0.70 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a $0.59 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.76%. Cohen & Steers’s payout ratio is currently 88.06%.

Analysts Set New Price Targets

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

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.