Vanguard Group Inc. Sells 3,453 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Vanguard Group Inc. lessened its stake in shares of Cohen & Steers, Inc. (NYSE:CNSFree Report) by 0.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,635,012 shares of the asset manager’s stock after selling 3,453 shares during the period. Vanguard Group Inc. owned about 5.36% of Cohen & Steers worth $165,189,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. raised its holdings in Cohen & Steers by 64.8% during the third quarter. American Century Companies Inc. now owns 33,496 shares of the asset manager’s stock worth $2,100,000 after acquiring an additional 13,174 shares in the last quarter. Deutsche Bank AG raised its holdings in Cohen & Steers by 13.3% during the third quarter. Deutsche Bank AG now owns 14,015 shares of the asset manager’s stock worth $879,000 after acquiring an additional 1,641 shares in the last quarter. Creative Planning bought a new stake in Cohen & Steers during the third quarter worth about $289,000. Townsquare Capital LLC raised its holdings in Cohen & Steers by 38.3% during the third quarter. Townsquare Capital LLC now owns 12,628 shares of the asset manager’s stock worth $792,000 after acquiring an additional 3,499 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Cohen & Steers by 28.8% during the third quarter. The Manufacturers Life Insurance Company now owns 14,369 shares of the asset manager’s stock worth $901,000 after acquiring an additional 3,209 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CNS. UBS Group began coverage on Cohen & Steers in a research note on Friday, January 5th. They issued a “sell” rating and a $68.00 price objective on the stock. TheStreet upgraded Cohen & Steers from a “c+” rating to a “b-” rating in a research note on Tuesday, December 26th.

Check Out Our Latest Report on CNS

Insider Buying and Selling

In related news, Director Edmond D. Villani sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $72.99, for a total transaction of $291,960.00. Following the sale, the director now owns 33,781 shares of the company’s stock, valued at $2,465,675.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Richard P. Simon sold 3,058 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $71.81, for a total transaction of $219,594.98. Following the sale, the director now owns 21,915 shares of the company’s stock, valued at $1,573,716.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edmond D. Villani sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $72.99, for a total value of $291,960.00. Following the sale, the director now directly owns 33,781 shares in the company, valued at approximately $2,465,675.19. The disclosure for this sale can be found here. Insiders have sold 14,000 shares of company stock valued at $1,009,713 over the last 90 days. 47.60% of the stock is owned by corporate insiders.

Cohen & Steers Trading Up 1.3 %

Cohen & Steers stock opened at $76.89 on Monday. Cohen & Steers, Inc. has a 12 month low of $50.05 and a 12 month high of $78.58. The stock’s 50 day moving average is $71.98 and its 200-day moving average is $65.59. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 29.57 and a beta of 1.45.

Cohen & Steers (NYSE:CNSGet Free Report) last posted its earnings results on Wednesday, January 24th. The asset manager reported $0.67 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $122.80 million. During the same quarter in the prior year, the business earned $0.79 earnings per share. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis.

Cohen & Steers Increases Dividend

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

Cohen & Steers Company Profile

(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.

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

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