Wasatch Advisors LP Has $90.30 Million Holdings in Cohen & Steers Inc $CNS

Wasatch Advisors LP lessened its holdings in shares of Cohen & Steers Inc (NYSE:CNS) by 43.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,185,911 shares of the asset manager’s stock after selling 911,598 shares during the period. Wasatch Advisors LP’s holdings in Cohen & Steers were worth $90,295,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position in shares of Cohen & Steers by 345.3% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock worth $31,000 after purchasing an additional 297 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Cohen & Steers during the fourth quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd purchased a new position in Cohen & Steers during the fourth quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd increased its stake in Cohen & Steers by 110.7% in the 4th 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. increased its stake in Cohen & Steers by 754.9% in the 4th 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 Price Performance

CNS opened at $84.50 on Wednesday. Cohen & Steers Inc has a fifty-two week low of $58.39 and a fifty-two week high of $86.56. The business has a 50-day moving average of $78.66 and a 200-day moving average of $70.77. The company has a market capitalization of $4.35 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 2.02 and a beta of 1.21.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Thursday, July 16th. The asset manager reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). Cohen & Steers had a net margin of 28.82% and a return on equity of 27.41%. The firm had revenue of $151.84 million during the quarter, compared to the consensus estimate of $149.45 million. During the same period in the previous year, the firm posted $0.73 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts expect that Cohen & Steers Inc will post 3.49 earnings per share for the current fiscal year.

Cohen & Steers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be paid a $0.67 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.68 dividend on an annualized basis and a yield of 3.2%. Cohen & Steers’s payout ratio is 82.21%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Evercore reiterated an “outperform” rating and issued a $88.00 target price on shares of Cohen & Steers in a research report on Monday. Weiss Ratings raised shares of Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $78.00.

Insider Buying and Selling

In other Cohen & Steers news, EVP Daniel Noonan sold 4,360 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $77.33, for a total value of $337,158.80. Following the completion of the sale, the executive vice president directly owned 28,682 shares of the company’s stock, valued at $2,217,979.06. The trade was a 13.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Elena Dulik sold 1,100 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $83.16, for a total transaction of $91,476.00. Following the transaction, the chief accounting officer owned 22,146 shares in the company, valued at approximately $1,841,661.36. This trade represents a 4.73% decrease in their position. The disclosure for this sale is available in the SEC filing. 45.40% of the stock is owned by 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).