Keybank National Association OH Purchases Shares of 6,671 Cohen & Steers Inc $CNS

Keybank National Association OH acquired a new position in Cohen & Steers Inc (NYSE:CNS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,671 shares of the asset manager’s stock, valued at approximately $417,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNS. Geneos Wealth Management Inc. increased its holdings in shares of Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 297 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Cohen & Steers during the fourth quarter worth $28,000. Aster Capital Management DIFC Ltd purchased a new stake in Cohen & Steers during the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd grew its position in Cohen & Steers by 110.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock valued at $36,000 after buying an additional 299 shares during the period. Finally, Hantz Financial Services Inc. grew its position in Cohen & Steers by 754.9% during the fourth quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock valued at $38,000 after buying an additional 536 shares during the period. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Stock Up 0.7%

Shares of NYSE CNS opened at $77.01 on Friday. The company’s 50-day simple moving average is $73.87 and its 200-day simple moving average is $68.25. Cohen & Steers Inc has a 52-week low of $58.39 and a 52-week high of $80.48. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 2.12 and a beta of 1.22.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Thursday, April 16th. The asset manager reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.03). The company had revenue of $144.26 million for the quarter, compared to analyst estimates of $140.62 million. Cohen & Steers had a return on equity of 27.60% and a net margin of 27.47%.The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. Equities research analysts anticipate that Cohen & Steers Inc will post 3.47 EPS for the current fiscal year.

Cohen & Steers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.5%. Cohen & Steers’s dividend payout ratio is presently 88.45%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Evercore reiterated an “outperform” rating and issued a $82.00 price objective on shares of Cohen & Steers in a research report on Monday, June 8th. Zacks Research upgraded Cohen & Steers from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Weiss Ratings upgraded Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $75.00.

Insider Buying and Selling at Cohen & Steers

In other news, EVP Daniel Noonan sold 4,360 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total value of $337,158.80. Following the transaction, the executive vice president owned 28,682 shares in the company, valued at $2,217,979.06. This trade represents a 13.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 45.40% of the stock is currently owned by company insiders.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).