Crossmark Global Holdings Inc. Invests $211,000 in Cohen & Steers, Inc. (NYSE:CNS)

Crossmark Global Holdings Inc. acquired a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,201 shares of the asset manager’s stock, valued at approximately $211,000.

A number of other large investors have also added to or reduced their stakes in CNS. Signaturefd LLC increased its holdings in shares of Cohen & Steers by 19.8% during 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 in the last quarter. Farther Finance Advisors LLC increased its stake in Cohen & Steers by 16.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock valued at $79,000 after purchasing an additional 119 shares in the last quarter. AQR Capital Management LLC raised its holdings in Cohen & Steers by 5.5% in the second quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager’s stock worth $238,000 after buying an additional 172 shares during the last quarter. Inspire Investing LLC lifted its stake 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 in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CNS shares. UBS Group upgraded shares of Cohen & Steers from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $63.00 to $102.00 in a report on Thursday, October 17th. Evercore ISI boosted their price target on Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Cohen & Steers Trading Up 0.0 %

NYSE:CNS opened at $99.89 on Tuesday. The company has a market cap of $5.05 billion, a PE ratio of 37.27 and a beta of 1.53. The company has a 50 day simple moving average of $97.54 and a two-hundred day simple moving average of $84.42. Cohen & Steers, Inc. has a 12 month low of $56.04 and a 12 month high of $110.67.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $133.20 million during the quarter, compared to analysts’ expectations of $124.18 million. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. Cohen & Steers’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share.

Cohen & Steers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.36 annualized dividend and a yield of 2.36%. Cohen & Steers’s dividend payout ratio (DPR) is 88.06%.

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.