Walleye Capital LLC Takes Position in Cohen & Steers Inc $CNS

Walleye Capital LLC acquired a new stake in shares of Cohen & Steers Inc (NYSE:CNS) during the 2nd quarter, Holdings Channel reports. The fund acquired 13,111 shares of the asset manager’s stock, valued at approximately $998,000.

A number of other hedge funds have also recently bought and sold shares of CNS. Geneos Wealth Management Inc. grew its stake in Cohen & Steers by 345.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock worth $31,000 after acquiring an additional 297 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Cohen & Steers during the 4th quarter worth $28,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Cohen & Steers during the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Cohen & Steers by 110.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock worth $36,000 after purchasing an additional 299 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Cohen & Steers by 754.9% during the fourth quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock worth $38,000 after purchasing an additional 536 shares during the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CNS shares. Weiss Ratings raised Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Evercore reiterated an “outperform” rating and set a $88.00 target price on shares of Cohen & Steers in a research report on Monday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $78.00.

Insider Buying and Selling at Cohen & Steers

In other news, CAO Elena Dulik sold 1,100 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $83.16, for a total transaction of $91,476.00. Following the completion of the sale, the chief accounting officer directly owned 22,146 shares of the company’s stock, valued at $1,841,661.36. The trade was a 4.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel Noonan sold 4,360 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly 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 SEC filing for this sale provides additional information. 45.40% of the stock is owned by insiders.

Cohen & Steers Stock Performance

CNS opened at $84.69 on Friday. Cohen & Steers Inc has a 1 year low of $58.39 and a 1 year high of $86.56. The company’s 50 day simple moving average is $79.41 and its 200 day simple moving average is $71.12. The stock has a market capitalization of $4.35 billion, a PE ratio of 25.98, a P/E/G ratio of 2.09 and a beta of 1.21.

Cohen & Steers (NYSE:CNS) last issued 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). The company had revenue of $151.84 million for the quarter, compared to analyst estimates of $149.45 million. Cohen & Steers had a return on equity of 27.41% and a net margin of 28.82%.The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company posted $0.73 EPS. As a group, sell-side analysts expect that Cohen & Steers Inc will post 3.53 earnings per share for the current fiscal year.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. Cohen & Steers’s payout ratio is currently 82.21%.

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).