Creative Planning Has $1.77 Million Stake in Cohen & Steers, Inc. (NYSE:CNS)

Creative Planning lifted its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 54.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,396 shares of the asset manager’s stock after buying an additional 6,456 shares during the quarter. Creative Planning’s holdings in Cohen & Steers were worth $1,765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of Cohen & Steers by 64.9% during the 3rd quarter. GAMMA Investing LLC now owns 610 shares of the asset manager’s stock worth $59,000 after buying an additional 240 shares during the period. Handelsbanken Fonder AB grew its position in shares of Cohen & Steers by 15.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 6,051 shares of the asset manager’s stock worth $581,000 after buying an additional 800 shares during the period. SG Americas Securities LLC grew its position in shares of Cohen & Steers by 207.5% during the 3rd quarter. SG Americas Securities LLC now owns 4,286 shares of the asset manager’s stock worth $411,000 after buying an additional 2,892 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Cohen & Steers during the 2nd quarter worth approximately $1,964,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Cohen & Steers during the 2nd quarter worth approximately $637,000. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Stock Up 0.7 %

Shares of CNS opened at $100.67 on Tuesday. Cohen & Steers, Inc. has a 12-month low of $51.08 and a 12-month high of $110.67. The business’s fifty day moving average is $93.42 and its 200 day moving average is $81.09. The stock has a market cap of $5.09 billion, a P/E ratio of 39.17 and a beta of 1.54.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Cohen & Steers had a return on equity of 34.08% and a net margin of 26.21%. The company had revenue of $133.20 million for the quarter, compared to analysts’ expectations of $124.18 million. During the same period last year, the business earned $0.70 EPS. Cohen & Steers’s quarterly revenue was up 7.7% compared to the same quarter last year.

Cohen & Steers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Monday, August 12th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.34%. The ex-dividend date was Monday, August 12th. Cohen & Steers’s dividend payout ratio (DPR) is presently 91.83%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group raised shares of Cohen & Steers from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $63.00 to $102.00 in a research report on Thursday, October 17th. Evercore ISI increased their target price on Cohen & Steers from $92.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, October 4th.

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.