Wealth Enhancement Advisory Services LLC Sells 101 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,005 shares of the asset manager’s stock after selling 101 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Cohen & Steers were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in Cohen & Steers by 19.8% in the third quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock valued at $62,000 after acquiring an additional 107 shares during the period. AQR Capital Management LLC lifted its stake in shares of Cohen & Steers by 5.5% in the 2nd quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager’s stock worth $238,000 after purchasing an additional 172 shares during the period. Inspire Investing LLC boosted its holdings in shares of Cohen & Steers by 4.0% in the second quarter. Inspire Investing LLC now owns 4,864 shares of the asset manager’s stock worth $353,000 after buying an additional 185 shares during the last quarter. GAMMA Investing LLC grew its position in Cohen & Steers by 115.1% during the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock valued at $27,000 after buying an additional 198 shares during the period. Finally, Arizona State Retirement System grew its position in Cohen & Steers by 2.7% during the second 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 during the period. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Trading Up 1.6 %

Shares of NYSE:CNS opened at $103.88 on Friday. The stock has a 50 day moving average of $95.92 and a 200 day moving average of $82.91. The company has a market cap of $5.25 billion, a PE ratio of 38.76 and a beta of 1.53. Cohen & Steers, Inc. has a 12-month low of $51.61 and a 12-month high of $110.67.

Cohen & Steers (NYSE:CNS) last posted 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. The business had revenue of $133.20 million during the quarter, compared to analyst estimates of $124.18 million. Cohen & Steers had a net margin of 27.23% and a return on equity of 34.43%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.36 dividend on an annualized basis and a yield of 2.27%. Cohen & Steers’s payout ratio is presently 88.06%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CNS shares. UBS Group upgraded shares of Cohen & Steers from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $63.00 to $102.00 in a research note on Thursday, October 17th. Evercore ISI raised their target price on Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a report on Thursday.

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.