Citigroup Inc. Sells 11,718 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Citigroup Inc. cut its holdings in Cohen & Steers, Inc. (NYSE:CNSFree Report) by 86.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,855 shares of the asset manager’s stock after selling 11,718 shares during the quarter. Citigroup Inc.’s holdings in Cohen & Steers were worth $116,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CNS. Signaturefd LLC boosted its stake in 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 buying an additional 214 shares in the last quarter. State of Wyoming boosted its stake in shares of Cohen & Steers by 42.0% during the second quarter. State of Wyoming now owns 828 shares of the asset manager’s stock valued at $48,000 after purchasing an additional 245 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Cohen & Steers by 130.4% during the first quarter. Quantbot Technologies LP now owns 788 shares of the asset manager’s stock valued at $67,000 after purchasing an additional 446 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Cohen & Steers by 112.2% during the third quarter. Tower Research Capital LLC TRC now owns 1,309 shares of the asset manager’s stock valued at $82,000 after purchasing an additional 692 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Cohen & Steers during the first quarter valued at about $89,000. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Stock Up 1.3 %

NYSE CNS opened at $76.89 on Friday. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 29.57 and a beta of 1.45. Cohen & Steers, Inc. has a 52 week low of $50.05 and a 52 week high of $78.58. The business has a 50 day moving average price of $71.98 and a 200-day moving average price of $65.57.

Cohen & Steers (NYSE:CNSGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Cohen & Steers had a return on equity of 38.52% and a net margin of 26.36%. The company had revenue of $119.19 million for the quarter, compared to analyst estimates of $122.80 million. During the same period in the previous year, the company posted $0.79 EPS. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year.

Cohen & Steers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.07%. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, March 1st. Cohen & Steers’s payout ratio is presently 90.77%.

Wall Street Analyst Weigh In

CNS has been the topic of a number of recent research reports. TheStreet raised Cohen & Steers from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th. UBS Group initiated coverage on Cohen & Steers in a research note on Friday, January 5th. They set a “sell” rating and a $68.00 price target on the stock.

View Our Latest Research Report on CNS

Insider Activity at Cohen & Steers

In other Cohen & Steers news, Director Richard P. Simon sold 6,942 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $71.76, for a total value of $498,157.92. Following the transaction, the director now directly owns 24,973 shares in the company, valued at approximately $1,792,062.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Cohen & Steers news, Director Richard P. Simon sold 3,058 shares of the company’s stock in a transaction dated 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 directly owns 21,915 shares in the company, valued at approximately $1,573,716.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard P. Simon sold 6,942 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $71.76, for a total value of $498,157.92. Following the transaction, the director now owns 24,973 shares in the company, valued at $1,792,062.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,000 shares of company stock worth $1,009,713. 47.60% of the stock is owned by company insiders.

About Cohen & Steers

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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