Cohen & Steers, Inc. (NYSE:CNS) Stock Holdings Lowered by ProShare Advisors LLC

ProShare Advisors LLC trimmed its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 3.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,331 shares of the asset manager’s stock after selling 4,803 shares during the quarter. ProShare Advisors LLC owned about 0.27% of Cohen & Steers worth $8,528,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Assetmark Inc. grew its holdings in Cohen & Steers by 25.1% in the 4th quarter. Assetmark Inc. now owns 747 shares of the asset manager’s stock worth $48,000 after buying an additional 150 shares in the last quarter. MetLife Investment Management LLC grew its position in Cohen & Steers by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 13,334 shares of the asset manager’s stock valued at $861,000 after buying an additional 198 shares in the last quarter. Arizona State Retirement System grew its position in Cohen & Steers by 2.7% in the 1st quarter. Arizona State Retirement System now owns 7,762 shares of the asset manager’s stock valued at $496,000 after buying an additional 205 shares in the last quarter. Global Retirement Partners LLC grew its position in Cohen & Steers by 31.1% in the 1st quarter. Global Retirement Partners LLC now owns 1,180 shares of the asset manager’s stock valued at $67,000 after buying an additional 280 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in Cohen & Steers by 11.6% in the 1st quarter. Advisors Asset Management Inc. now owns 2,757 shares of the asset manager’s stock valued at $176,000 after buying an additional 287 shares in the last quarter. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Trading Down 0.6 %

NYSE:CNS opened at $63.80 on Friday. Cohen & Steers, Inc. has a twelve month low of $52.34 and a twelve month high of $78.87. The company has a 50-day moving average of $64.02 and a 200-day moving average of $61.46. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 21.92 and a beta of 1.36.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Thursday, July 20th. The asset manager reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.02). The business had revenue of $120.60 million for the quarter. Cohen & Steers had a net margin of 28.16% and a return on equity of 46.02%. The company’s quarterly revenue was down 18.2% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS.

Cohen & Steers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Monday, August 14th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Friday, August 11th. Cohen & Steers’s payout ratio is 78.35%.

Analyst Upgrades and Downgrades

CNS has been the subject of a number of recent analyst reports. StockNews.com began coverage on shares of Cohen & Steers in a research report on Thursday, August 17th. They issued a “hold” rating for the company. TheStreet raised Cohen & Steers from a “c+” rating to a “b-” rating in a research note on Thursday, August 31st.

Insiders Place Their Bets

In other news, CAO Elena Dulik sold 1,950 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $66.12, for a total value of $128,934.00. Following the completion of the sale, the chief accounting officer now owns 20,427 shares of the company’s stock, valued at $1,350,633.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 47.60% of the company’s stock.

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.