Oppenheimer Asset Management Inc. Acquires 10,869 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Oppenheimer Asset Management Inc. grew its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 40.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 37,440 shares of the asset manager’s stock after purchasing an additional 10,869 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.07% of Cohen & Steers worth $2,717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Cohen & Steers in the 4th quarter valued at $26,957,000. Silvercrest Asset Management Group LLC bought a new stake in Cohen & Steers during the 1st quarter worth $5,193,000. Evoke Wealth LLC bought a new stake in Cohen & Steers during the 4th quarter worth $3,321,000. Sei Investments Co. grew its position in Cohen & Steers by 17.0% during the 1st quarter. Sei Investments Co. now owns 265,608 shares of the asset manager’s stock worth $20,423,000 after acquiring an additional 38,620 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Cohen & Steers by 292.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 12,236 shares of the asset manager’s stock worth $888,000 after acquiring an additional 9,119 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

Insider Activity

In other news, CAO Elena Dulik sold 1,100 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $86.45, for a total value of $95,095.00. Following the transaction, the chief accounting officer now directly owns 20,091 shares of the company’s stock, valued at approximately $1,736,866.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Richard P. Simon sold 7,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $80.61, for a total value of $564,270.00. Following the transaction, the director now directly owns 15,660 shares of the company’s stock, valued at approximately $1,262,352.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Elena Dulik sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $86.45, for a total value of $95,095.00. Following the transaction, the chief accounting officer now directly owns 20,091 shares in the company, valued at $1,736,866.95. The disclosure for this sale can be found here. Insiders have sold 20,600 shares of company stock valued at $1,710,365 in the last ninety days. 47.60% of the stock is owned by company insiders.

Cohen & Steers Trading Up 2.0 %

Shares of CNS opened at $96.35 on Wednesday. The company has a market capitalization of $4.87 billion, a PE ratio of 37.49 and a beta of 1.54. Cohen & Steers, Inc. has a 12 month low of $50.05 and a 12 month high of $97.57. The stock’s 50-day moving average price is $84.31 and its two-hundred day moving average price is $76.20.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Wednesday, July 17th. The asset manager reported $0.68 EPS for the quarter. The firm had revenue of $121.70 million for the quarter, compared to the consensus estimate of $121.48 million. Cohen & Steers had a return on equity of 34.08% and a net margin of 26.21%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Monday, August 12th. Cohen & Steers’s dividend payout ratio is 91.83%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CNS. UBS Group reduced their price objective on Cohen & Steers from $65.00 to $63.00 and set a “sell” rating on the stock in a research report on Wednesday, July 10th. Evercore ISI boosted their price objective on Cohen & Steers from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th.

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.