Hsbc Holdings PLC Purchases 63,019 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Hsbc Holdings PLC lifted its stake in Cohen & Steers, Inc. (NYSE:CNS) by 91.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,193 shares of the asset manager’s stock after acquiring an additional 63,019 shares during the quarter. Hsbc Holdings PLC owned 0.26% of Cohen & Steers worth $9,590,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wasatch Advisors LP grew its position in Cohen & Steers by 29.1% during the first quarter. Wasatch Advisors LP now owns 3,124,662 shares of the asset manager’s stock valued at $240,255,000 after buying an additional 703,999 shares during the period. Vanguard Group Inc. grew its position in Cohen & Steers by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,666,537 shares of the asset manager’s stock valued at $201,937,000 after buying an additional 31,525 shares during the period. Dimensional Fund Advisors LP grew its position in Cohen & Steers by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,176,861 shares of the asset manager’s stock valued at $85,390,000 after buying an additional 35,905 shares during the period. Boston Trust Walden Corp grew its position in Cohen & Steers by 1.1% during the second quarter. Boston Trust Walden Corp now owns 937,797 shares of the asset manager’s stock valued at $68,047,000 after buying an additional 9,960 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Cohen & Steers by 20.9% during the second quarter. Bank of New York Mellon Corp now owns 646,835 shares of the asset manager’s stock valued at $46,934,000 after buying an additional 111,649 shares during the period. 51.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CNS has been the subject of several recent research reports. Evercore ISI boosted their target price on shares of Cohen & Steers from $85.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. UBS Group dropped their price target on shares of Cohen & Steers from $65.00 to $63.00 and set a “sell” rating for the company in a research report on Wednesday, July 10th.

Cohen & Steers Price Performance

CNS opened at $95.81 on Tuesday. The firm has a market cap of $4.84 billion, a P/E ratio of 37.28 and a beta of 1.54. Cohen & Steers, Inc. has a 1-year low of $50.05 and a 1-year high of $97.57. The company has a 50 day simple moving average of $86.41 and a two-hundred day simple moving average of $76.95.

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

Cohen & Steers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Monday, August 12th were given a dividend of $0.59 per share. The ex-dividend date was Monday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.46%. Cohen & Steers’s dividend payout ratio is 91.83%.

Insider Buying and Selling

In related news, Director Richard P. Simon sold 7,000 shares of the company’s stock in a transaction 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 owns 15,660 shares in the company, valued at $1,262,352.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Richard P. Simon sold 7,000 shares of the company’s stock in a transaction 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 owns 15,660 shares in the company, valued at $1,262,352.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jon Cheigh sold 12,500 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $84.08, for a total transaction of $1,051,000.00. Following the transaction, the executive vice president now owns 155,311 shares of the company’s stock, valued at approximately $13,058,548.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,600 shares of company stock worth $1,710,365. 47.60% of the stock is owned by insiders.

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.