Cohen & Steers (NYSE:CNS) Stock Price Crosses Above 200-Day Moving Average of $67.14

Cohen & Steers, Inc. (NYSE:CNS – Get Rating)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $67.14 and traded as high as $72.04. Cohen & Steers shares last traded at $72.01, with a volume of 104,152 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Saturday, December 24th.

Cohen & Steers Price Performance

The company has a market cap of $3.51 billion, a price-to-earnings ratio of 17.52 and a beta of 1.28. The stock has a 50-day moving average price of $65.10 and a 200 day moving average price of $67.14.

Cohen & Steers (NYSE:CNS – Get Rating) last released its quarterly earnings results on Wednesday, October 19th. The asset manager reported $0.92 EPS for the quarter. The company had revenue of $139.95 million for the quarter, compared to analyst estimates of $139.54 million. Cohen & Steers had a return on equity of 73.43% and a net margin of 33.77%. Cohen & Steers’s revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share.

Cohen & Steers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 29th. Stockholders of record on Monday, November 14th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, November 10th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.06%. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.02. Cohen & Steers’s dividend payout ratio (DPR) is currently 53.53%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CNS. Bridgewater Associates LP grew its holdings in shares of Cohen & Steers by 1,122.5% during the second quarter. Bridgewater Associates LP now owns 224,288 shares of the asset manager’s stock worth $14,262,000 after buying an additional 205,941 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Cohen & Steers by 17.5% during the second quarter. Victory Capital Management Inc. now owns 1,055,945 shares of the asset manager’s stock worth $67,147,000 after buying an additional 157,529 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Cohen & Steers by 56.2% during the third quarter. Nuveen Asset Management LLC now owns 257,093 shares of the asset manager’s stock worth $16,102,000 after buying an additional 92,483 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Cohen & Steers by 605.7% during the second quarter. Renaissance Technologies LLC now owns 102,412 shares of the asset manager’s stock worth $6,512,000 after buying an additional 87,900 shares in the last quarter. Finally, Eaton Vance Management grew its holdings in shares of Cohen & Steers by 12.9% during the first quarter. Eaton Vance Management now owns 431,022 shares of the asset manager’s stock worth $37,020,000 after buying an additional 49,397 shares in the last quarter. 47.37% of the stock is currently owned by institutional investors.

Cohen & Steers Company Profile

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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.