Cohen & Steers, Inc. (NYSE:CNS) Stock Position Increased by SG Americas Securities LLC

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SG Americas Securities LLC boosted its position in Cohen & Steers, Inc. (NYSE:CNS) by 24.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 12,919 shares of the asset manager’s stock after buying an additional 2,565 shares during the quarter. SG Americas Securities LLC’s holdings in Cohen & Steers were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in Cohen & Steers by 13.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 76,946 shares of the asset manager’s stock valued at $5,236,000 after purchasing an additional 9,142 shares during the last quarter. State Street Corp lifted its position in Cohen & Steers by 4.7% in the 1st quarter. State Street Corp now owns 529,551 shares of the asset manager’s stock valued at $24,068,000 after purchasing an additional 23,675 shares during the last quarter. Coldstream Capital Management Inc. bought a new stake in Cohen & Steers in the 1st quarter valued at about $732,000. Advisor Group Holdings Inc. bought a new stake in Cohen & Steers in the 1st quarter valued at about $274,000. Finally, AQR Capital Management LLC lifted its position in Cohen & Steers by 23.6% in the 1st quarter. AQR Capital Management LLC now owns 31,501 shares of the asset manager’s stock valued at $1,432,000 after purchasing an additional 6,021 shares during the last quarter. Hedge funds and other institutional investors own 45.42% of the company’s stock.

Separately, Bank of America upgraded shares of Cohen & Steers from an “underperform” rating to a “neutral” rating and set a $54.00 price target on the stock in a research report on Friday, April 24th.

CNS stock opened at $60.18 on Friday. Cohen & Steers, Inc. has a 52 week low of $33.52 and a 52 week high of $78.23. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 2.06 and a beta of 1.35. The firm’s 50-day moving average is $67.40 and its two-hundred day moving average is $62.45. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 0.21.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, July 22nd. The asset manager reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $94.09 million for the quarter. Cohen & Steers had a net margin of 29.19% and a return on equity of 54.10%. On average, equities research analysts predict that Cohen & Steers, Inc. will post 2.31 earnings per share for the current year.

In other news, CFO Matthew S. Stadler sold 18,219 shares of Cohen & Steers stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $72.03, for a total value of $1,312,314.57. Following the transaction, the chief financial officer now owns 127,315 shares of the company’s stock, valued at approximately $9,170,499.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Francis C. Poli sold 1,728 shares of Cohen & Steers stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of $71.90, for a total transaction of $124,243.20. Following the completion of the transaction, the executive vice president now directly owns 63,791 shares in the company, valued at approximately $4,586,572.90. The disclosure for this sale can be found here. Insiders own 49.31% of the company’s stock.

Cohen & Steers 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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Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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