Inspire Investing LLC Acquires 185 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Inspire Investing LLC raised its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,864 shares of the asset manager’s stock after acquiring an additional 185 shares during the quarter. Inspire Investing LLC’s holdings in Cohen & Steers were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Cohen & Steers by 115.1% in the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 198 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Cohen & Steers by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 7,625 shares of the asset manager’s stock valued at $553,000 after buying an additional 198 shares in the last quarter. Inspire Advisors LLC grew its position in shares of Cohen & Steers by 1.9% in the 2nd quarter. Inspire Advisors LLC now owns 11,337 shares of the asset manager’s stock worth $823,000 after buying an additional 210 shares during the last quarter. Taylor Hoffman Wealth Management raised its stake in shares of Cohen & Steers by 0.6% during the 1st quarter. Taylor Hoffman Wealth Management now owns 58,579 shares of the asset manager’s stock worth $4,504,000 after acquiring an additional 336 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in Cohen & Steers during the fourth quarter valued at approximately $28,000. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Trading Down 0.5 %

Shares of Cohen & Steers stock opened at $95.13 on Monday. The firm’s 50 day simple moving average is $86.03 and its two-hundred day simple moving average is $76.81. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 37.02 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.

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

Cohen & Steers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Monday, August 12th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Monday, August 12th. Cohen & Steers’s dividend payout ratio (DPR) is 91.83%.

Insider Activity at Cohen & Steers

In other Cohen & Steers news, Director Richard P. Simon sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $80.61, for a total transaction of $564,270.00. Following the completion of the transaction, the director now directly owns 15,660 shares of the company’s stock, valued at approximately $1,262,352.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Elena Dulik sold 1,100 shares of the company’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 sale, the chief accounting officer now owns 20,091 shares in the company, valued at $1,736,866.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard P. Simon sold 7,000 shares of Cohen & Steers stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $80.61, for a total value of $564,270.00. Following the transaction, the director now owns 15,660 shares of the company’s stock, valued at $1,262,352.60. The disclosure for this sale can be found here. Insiders have sold a total of 20,600 shares of company stock worth $1,710,365 over the last quarter. Insiders own 47.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group cut their price target on shares of Cohen & Steers from $65.00 to $63.00 and set a “sell” rating on the stock in a report on Wednesday, July 10th. Evercore ISI upped their target price on Cohen & Steers from $85.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th.

About Cohen & Steers

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.