Gamco Investors INC. ET AL decreased its position in Cohen & Steers, Inc. (NYSE:CNS) by 6.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 811,421 shares of the asset manager’s stock after selling 53,691 shares during the period. Gamco Investors INC. ET AL owned about 1.72% of Cohen & Steers worth $41,739,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of CNS. Quantamental Technologies LLC acquired a new stake in shares of Cohen & Steers during the 1st quarter valued at $56,000. SG Americas Securities LLC acquired a new stake in shares of Cohen & Steers during the 1st quarter valued at $109,000. Garner Asset Management Corp acquired a new stake in shares of Cohen & Steers during the 1st quarter valued at $210,000. BNP Paribas Arbitrage SA raised its holdings in shares of Cohen & Steers by 431.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,679 shares of the asset manager’s stock valued at $240,000 after purchasing an additional 4,611 shares in the last quarter. Finally, FDx Advisors Inc. raised its holdings in shares of Cohen & Steers by 8.1% during the 2nd quarter. FDx Advisors Inc. now owns 5,233 shares of the asset manager’s stock valued at $269,000 after purchasing an additional 392 shares in the last quarter. 47.23% of the stock is owned by hedge funds and other institutional investors.
CNS traded up $0.52 during trading on Monday, hitting $53.35. The stock had a trading volume of 474 shares, compared to its average volume of 149,473. The firm has a market cap of $2.45 billion, a PE ratio of 22.15, a P/E/G ratio of 3.53 and a beta of 0.94. Cohen & Steers, Inc. has a 12 month low of $32.95 and a 12 month high of $53.52. The company has a 50 day simple moving average of $52.09 and a 200-day simple moving average of $47.23.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, August 9th. This represents a $1.44 annualized dividend and a dividend yield of 2.70%. Cohen & Steers’s payout ratio is 60.00%.
In other news, CFO Matthew S. Stadler sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $51.29, for a total transaction of $2,564,500.00. Following the transaction, the chief financial officer now owns 168,227 shares in the company, valued at approximately $8,628,362.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 50.63% of the company’s stock.
CNS has been the topic of several recent analyst reports. Gabelli downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. Zacks Investment Research downgraded shares of Cohen & Steers from a “hold” rating to a “sell” rating and set a $55.00 target price on the stock. in a report on Friday, July 26th. Finally, ValuEngine downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $44.33.
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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