SG Americas Securities LLC Has $411,000 Stock Position in Cohen & Steers, Inc. (NYSE:CNS)

SG Americas Securities LLC raised its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 207.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,286 shares of the asset manager’s stock after purchasing an additional 2,892 shares during the period. SG Americas Securities LLC’s holdings in Cohen & Steers were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CNS. Vanguard Group Inc. boosted its holdings in Cohen & Steers by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,666,537 shares of the asset manager’s stock valued at $201,937,000 after purchasing an additional 31,525 shares during the period. Quadrature Capital Ltd bought a new stake in Cohen & Steers in the 4th quarter valued at about $1,183,000. Congress Asset Management Co. MA boosted its holdings in Cohen & Steers by 9.7% in the 1st quarter. Congress Asset Management Co. MA now owns 427,335 shares of the asset manager’s stock valued at $32,858,000 after purchasing an additional 37,935 shares during the period. Congress Wealth Management LLC DE boosted its holdings in Cohen & Steers by 14.0% in the 1st quarter. Congress Wealth Management LLC DE now owns 74,358 shares of the asset manager’s stock valued at $5,717,000 after purchasing an additional 9,104 shares during the period. Finally, Wasatch Advisors LP boosted its holdings in Cohen & Steers by 29.1% in the 1st quarter. Wasatch Advisors LP now owns 3,124,662 shares of the asset manager’s stock valued at $240,255,000 after purchasing an additional 703,999 shares during the period. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Trading Up 4.1 %

Shares of Cohen & Steers stock opened at $105.35 on Friday. The company has a 50 day moving average of $90.81 and a 200-day moving average of $79.59. Cohen & Steers, Inc. has a 1-year low of $50.05 and a 1-year high of $110.67. The company has a market cap of $5.32 billion, a PE ratio of 40.99 and a beta of 1.54.

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, topping analysts’ consensus estimates of $0.74 by $0.03. Cohen & Steers had a net margin of 26.21% and a return on equity of 34.08%. The company had revenue of $133.20 million during the quarter, compared to the consensus estimate of $124.18 million. During the same quarter in the prior year, the firm posted $0.70 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis.

Cohen & Steers Dividend Announcement

The business also recently disclosed 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. This represents a $2.36 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Monday, August 12th. Cohen & Steers’s dividend payout ratio is 91.83%.

Insider Buying and Selling

In related news, EVP Jon Cheigh sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $84.08, for a total transaction of $1,051,000.00. Following the completion of the transaction, the executive vice president now directly owns 155,311 shares in the company, valued at $13,058,548.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Cohen & Steers news, CAO Elena Dulik sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $86.45, for a total value of $95,095.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,091 shares in the company, valued at approximately $1,736,866.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jon Cheigh sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $84.08, for a total transaction of $1,051,000.00. Following the completion of the transaction, the executive vice president now owns 155,311 shares of the company’s stock, valued at approximately $13,058,548.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,600 shares of company stock worth $1,710,365 in the last three months. 47.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group raised shares of Cohen & Steers from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $63.00 to $102.00 in a report on Thursday. Evercore ISI upped their price target on shares of Cohen & Steers from $92.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, October 4th.

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.