Shares of Cohen & Steers Inc (NYSE:CNS) have received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $44.50.
CNS has been the topic of several research analyst reports. BidaskClub raised shares of Cohen & Steers from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Tuesday, May 9th.
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Cohen & Steers (CNS) traded down 0.12% during mid-day trading on Friday, hitting $41.64. The stock had a trading volume of 65,165 shares. Cohen & Steers has a 1-year low of $33.16 and a 1-year high of $43.83. The company has a market cap of $1.93 billion, a P/E ratio of 19.84 and a beta of 1.55. The company has a 50-day moving average price of $40.00 and a 200 day moving average price of $37.66.
Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, April 19th. The asset manager reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.47. The company had revenue of $89.70 million for the quarter, compared to analysts’ expectations of $89.31 million. Cohen & Steers had a net margin of 27.19% and a return on equity of 33.45%. Cohen & Steers’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. Equities research analysts forecast that Cohen & Steers will post $1.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Investors of record on Thursday, June 1st were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Tuesday, May 30th. Cohen & Steers’s dividend payout ratio is presently 53.59%.
In other Cohen & Steers news, insider Francis C. Poli sold 11,840 shares of the firm’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $40.54, for a total value of $479,993.60. Following the completion of the sale, the insider now directly owns 53,047 shares in the company, valued at $2,150,525.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 52.90% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Cohen & Steers by 8.6% in the first quarter. Bank of New York Mellon Corp now owns 728,472 shares of the asset manager’s stock worth $29,117,000 after buying an additional 57,866 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its position in shares of Cohen & Steers by 12.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 11,026 shares of the asset manager’s stock worth $441,000 after buying an additional 1,207 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Cohen & Steers by 41.9% in the first quarter. American Century Companies Inc. now owns 138,298 shares of the asset manager’s stock worth $5,528,000 after buying an additional 40,817 shares in the last quarter. Global Thematic Partners LLC acquired a new position in shares of Cohen & Steers during the first quarter worth about $21,726,000. Finally, Naples Global Advisors LLC acquired a new position in shares of Cohen & Steers during the first quarter worth about $262,000. Institutional investors and hedge funds own 45.82% of the company’s stock.
Cohen & Steers Company Profile
Cohen & Steers, Inc (CNS) is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors.
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