Global Thematic Partners LLC lessened its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 549,350 shares of the asset manager’s stock after selling 4,182 shares during the quarter. Global Thematic Partners LLC’s holdings in Cohen & Steers were worth $23,219,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in Cohen & Steers by 7.8% in the 3rd quarter. Wells Fargo & Company MN now owns 119,087 shares of the asset manager’s stock valued at $4,835,000 after purchasing an additional 8,573 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Cohen & Steers by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 106,012 shares of the asset manager’s stock worth $4,304,000 after acquiring an additional 10,779 shares in the last quarter. MML Investors Services LLC acquired a new position in shares of Cohen & Steers in the third quarter worth $216,000. Bank of New York Mellon Corp grew its stake in shares of Cohen & Steers by 5.0% in the third quarter. Bank of New York Mellon Corp now owns 838,831 shares of the asset manager’s stock worth $34,065,000 after acquiring an additional 39,903 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Cohen & Steers by 0.8% in the third quarter. BlackRock Inc. now owns 1,613,186 shares of the asset manager’s stock worth $65,511,000 after acquiring an additional 13,574 shares in the last quarter. 46.97% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on CNS. Bank of America set a $37.00 price objective on shares of Cohen & Steers and gave the stock a “sell” rating in a research report on Tuesday. Zacks Investment Research raised shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, March 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $41.00 price objective on shares of Cohen & Steers in a research report on Tuesday, February 26th. Finally, ValuEngine raised shares of Cohen & Steers from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $41.50.
Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Wednesday, January 23rd. The asset manager reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.03). The firm had revenue of $93.90 million for the quarter, compared to analysts’ expectations of $93.84 million. Cohen & Steers had a return on equity of 40.17% and a net margin of 29.89%. Cohen & Steers’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. On average, sell-side analysts expect that Cohen & Steers, Inc. will post 2.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, March 4th were given a dividend of $0.36 per share. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Friday, March 1st. Cohen & Steers’s payout ratio is 60.00%.
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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