Cohen & Steers, Inc. (NYSE:CNS) EVP Jon Cheigh Sells 7,159 Shares of Stock

Cohen & Steers, Inc. (NYSE:CNS) EVP Jon Cheigh sold 7,159 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $72.57, for a total transaction of $519,528.63. Following the transaction, the executive vice president now owns 167,018 shares in the company, valued at $12,120,496.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Cohen & Steers Trading Down 0.3 %

Shares of NYSE:CNS traded down $0.19 on Friday, hitting $71.14. The company had a trading volume of 201,018 shares, compared to its average volume of 184,888. Cohen & Steers, Inc. has a 1-year low of $50.05 and a 1-year high of $78.58. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 27.68 and a beta of 1.45. The stock has a 50 day moving average price of $72.06 and a 200 day moving average price of $69.34.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Thursday, April 18th. The asset manager reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). Cohen & Steers had a net margin of 26.27% and a return on equity of 36.67%. The company had revenue of $122.71 million during the quarter, compared to analyst estimates of $125.01 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Cohen & Steers’s revenue for the quarter was down 2.7% on a year-over-year basis.

Cohen & Steers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.36 annualized dividend and a dividend yield of 3.32%. Cohen & Steers’s dividend payout ratio is currently 91.83%.

Hedge Funds Weigh In On Cohen & Steers

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Securities Inc. acquired a new position in shares of Cohen & Steers in the fourth quarter valued at about $28,000. Signaturefd LLC grew its stake in shares of Cohen & Steers by 104.9% in the third quarter. Signaturefd LLC now owns 418 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 214 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Cohen & Steers by 294.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 548 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 409 shares in the last quarter. Garner Asset Management Corp acquired a new position in shares of Cohen & Steers in the fourth quarter valued at about $84,000. Finally, SG Americas Securities LLC acquired a new position in shares of Cohen & Steers in the fourth quarter valued at about $142,000. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.