UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 8,548 Shares of Cohen & Steers Inc $CNS

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Cohen & Steers Inc (NYSE:CNS) by 15.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,227 shares of the asset manager’s stock after selling 8,548 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.09% of Cohen & Steers worth $3,444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CNS. Kestra Advisory Services LLC purchased a new position in shares of Cohen & Steers during the fourth quarter valued at about $28,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Cohen & Steers in the second quarter worth about $29,000. 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 buying an additional 297 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Cohen & Steers during the fourth quarter valued at approximately $31,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake 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 last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Trading Down 0.6%

Shares of NYSE CNS opened at $76.68 on Friday. Cohen & Steers Inc has a 12-month low of $58.39 and a 12-month high of $86.56. The firm’s 50-day moving average price is $81.09 and its 200-day moving average price is $73.27. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 1.88 and a beta of 1.21.

Cohen & Steers (NYSE:CNS) last released 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 return on equity of 27.41% and a net margin of 28.82%.The company had revenue of $151.84 million during the quarter, compared to analysts’ expectations of $149.45 million. During the same quarter in the prior year, the business posted $0.73 EPS. The company’s revenue was up 12.2% on a year-over-year basis. On average, equities analysts predict that Cohen & Steers Inc will post 3.53 EPS for the current fiscal year.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, August 10th. Cohen & Steers’s dividend payout ratio (DPR) is presently 82.21%.

Insider Buying and Selling

In other news, CAO Elena Dulik sold 1,100 shares of Cohen & Steers stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $83.16, for a total value of $91,476.00. Following the completion of the transaction, the chief accounting officer owned 22,146 shares in the company, valued at approximately $1,841,661.36. The trade was a 4.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the executive vice president directly owned 28,682 shares in the company, valued at approximately $2,217,979.06. This represents a 13.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 45.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CNS has been the topic of a number of research reports. Weiss Ratings raised Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a research note 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, August 10th. Two research 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.com, Cohen & Steers has an average rating of “Hold” and a consensus price target of $78.00.

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).