SRS Capital Advisors Inc. Acquires 409 Shares of Cohen & Steers, Inc. (NYSE:CNS)

SRS Capital Advisors Inc. grew its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 294.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 548 shares of the asset manager’s stock after acquiring an additional 409 shares during the period. SRS Capital Advisors Inc.’s holdings in Cohen & Steers were worth $41,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Moody Aldrich Partners LLC boosted its position in shares of Cohen & Steers by 39.5% during the 4th quarter. Moody Aldrich Partners LLC now owns 135,849 shares of the asset manager’s stock worth $10,288,000 after purchasing an additional 38,458 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Cohen & Steers by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 672,011 shares of the asset manager’s stock valued at $42,128,000 after acquiring an additional 30,924 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Cohen & Steers during the third quarter worth approximately $1,881,000. EFG Asset Management North America Corp. bought a new position in shares of Cohen & Steers in the 3rd quarter worth $967,000. Finally, Deutsche Bank AG lifted its stake in shares of Cohen & Steers by 13.3% in the third quarter. Deutsche Bank AG now owns 14,015 shares of the asset manager’s stock valued at $879,000 after buying an additional 1,641 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group decreased their target price on shares of Cohen & Steers from $69.00 to $67.00 and set a “sell” rating for the company in a research report on Friday, April 12th.

Insider Buying and Selling at Cohen & Steers

In related news, Director Richard P. Simon sold 3,058 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $71.81, for a total transaction of $219,594.98. Following the completion of the transaction, the director now owns 21,915 shares in the company, valued at $1,573,716.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Edmond D. Villani sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $72.99, for a total transaction of $291,960.00. Following the transaction, the director now owns 33,781 shares of the company’s stock, valued at approximately $2,465,675.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard P. Simon sold 3,058 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $71.81, for a total value of $219,594.98. Following the transaction, the director now owns 21,915 shares of the company’s stock, valued at approximately $1,573,716.15. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock worth $1,009,713 in the last quarter. 47.60% of the stock is currently owned by company insiders.

Cohen & Steers Trading Up 1.3 %

Shares of Cohen & Steers stock opened at $70.57 on Friday. The stock has a fifty day simple moving average of $72.36 and a 200 day simple moving average of $67.42. Cohen & Steers, Inc. has a 12-month low of $50.05 and a 12-month high of $78.58. The company has a market capitalization of $3.50 billion, a P/E ratio of 27.46 and a beta of 1.45.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Thursday, April 18th. The asset manager reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). Cohen & Steers had a net margin of 26.27% and a return on equity of 36.96%. The firm had revenue of $122.71 million for the quarter, compared to the consensus estimate of $125.01 million. During the same period in the previous year, the business earned $0.76 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th will be given a $0.59 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.36 annualized dividend and a yield of 3.34%. Cohen & Steers’s dividend payout ratio is currently 91.83%.

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.