First Trust Advisors LP Acquires 17,978 Shares of Cohen & Steers, Inc. (NYSE:CNS)

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First Trust Advisors LP boosted its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 19.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,459 shares of the asset manager’s stock after buying an additional 17,978 shares during the quarter. First Trust Advisors LP owned approximately 0.23% of Cohen & Steers worth $7,449,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Cohen & Steers by 38.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 743 shares of the asset manager’s stock valued at $34,000 after buying an additional 206 shares during the last quarter. First Quadrant L P CA bought a new position in Cohen & Steers in the 1st quarter valued at approximately $40,000. US Bancorp DE raised its holdings in Cohen & Steers by 36.8% in the 1st quarter. US Bancorp DE now owns 1,357 shares of the asset manager’s stock valued at $61,000 after buying an additional 365 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in Cohen & Steers by 2,671.3% in the 1st quarter. Meeder Asset Management Inc. now owns 2,993 shares of the asset manager’s stock valued at $137,000 after buying an additional 2,885 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in Cohen & Steers by 7.3% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,192 shares of the asset manager’s stock valued at $138,000 after buying an additional 149 shares during the last quarter. Institutional investors and hedge funds 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 objective for the company in a report on Friday, April 24th.

In other news, CFO Matthew S. Stadler sold 18,219 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $72.03, for a total transaction of $1,312,314.57. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through this link. Also, EVP Francis C. Poli sold 1,728 shares of the firm’s 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 sale, the executive vice president now directly owns 63,791 shares of the company’s stock, valued at approximately $4,586,572.90. The disclosure for this sale can be found here. Corporate insiders own 49.31% of the company’s stock.

NYSE:CNS opened at $60.18 on Friday. The company has a market capitalization of $2.87 billion, a PE ratio of 24.46, a P/E/G ratio of 2.06 and a beta of 1.35. The company has a 50 day simple moving average of $67.40 and a two-hundred day simple moving average of $62.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.91 and a current ratio of 5.91. Cohen & Steers, Inc. has a fifty-two week low of $33.52 and a fifty-two week high of $78.23.

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

About Cohen & Steers

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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