Cohen & Steers (CNS) Stock Rating Lowered by ValuEngine

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Cohen & Steers (NYSE:CNS) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday.

Separately, Zacks Investment Research lowered shares of Cohen & Steers from a “hold” rating to a “sell” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. Cohen & Steers has a consensus rating of “Hold” and an average target price of $41.33.

Shares of Cohen & Steers stock traded down $0.22 during midday trading on Thursday, reaching $33.97. The company had a trading volume of 117,454 shares, compared to its average volume of 167,782. The firm has a market cap of $1.63 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.65 and a beta of 1.05. Cohen & Steers has a 1-year low of $32.95 and a 1-year high of $46.33.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, October 17th. The asset manager reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $98.30 million during the quarter, compared to analyst estimates of $99.05 million. Cohen & Steers had a net margin of 28.13% and a return on equity of 38.16%. Cohen & Steers’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. Equities analysts anticipate that Cohen & Steers will post 2.45 earnings per share for the current fiscal year.

In other Cohen & Steers news, insider John Todd Glickson sold 6,315 shares of Cohen & Steers stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $34.34, for a total transaction of $216,857.10. Following the completion of the sale, the insider now owns 56,439 shares of the company’s stock, valued at approximately $1,938,115.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 51.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new stake in Cohen & Steers during the 3rd quarter worth $108,000. Sageworth Trust Co boosted its position in shares of Cohen & Steers by 500.0% during the third quarter. Sageworth Trust Co now owns 3,000 shares of the asset manager’s stock worth $122,000 after purchasing an additional 2,500 shares in the last quarter. MML Investors Services LLC bought a new position in shares of Cohen & Steers during the third quarter worth $216,000. Leavell Investment Management Inc. bought a new position in shares of Cohen & Steers during the third quarter worth $223,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Cohen & Steers by 33.9% during the second quarter. Envestnet Asset Management Inc. now owns 5,499 shares of the asset manager’s stock worth $229,000 after purchasing an additional 1,391 shares in the last quarter. 48.52% of the stock is owned by hedge funds and other institutional investors.

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.

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