Cohen & Steers, Inc. (NYSE:CNS) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its position in Cohen & Steers, Inc. (NYSE:CNSFree Report) by 38.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,944 shares of the asset manager’s stock after acquiring an additional 56,153 shares during the period. Raymond James & Associates owned 0.41% of Cohen & Steers worth $15,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. MetLife Investment Management LLC increased its position in shares of 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 acquiring an additional 198 shares during the period. Signaturefd LLC increased its position in shares of Cohen & Steers by 104.9% in the 3rd quarter. Signaturefd LLC now owns 418 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 214 shares during the period. State of Wyoming increased its position in shares of Cohen & Steers by 42.0% in the 2nd quarter. State of Wyoming now owns 828 shares of the asset manager’s stock valued at $48,000 after acquiring an additional 245 shares during the period. Advisors Asset Management Inc. increased its position in shares of 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 acquiring an additional 287 shares during the period. Finally, Citigroup Inc. increased its position in shares of Cohen & Steers by 12.1% in the 1st quarter. Citigroup Inc. now owns 3,107 shares of the asset manager’s stock valued at $199,000 after acquiring an additional 335 shares during the period. 51.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cohen & Steers

In other news, Director Edmond D. Villani sold 4,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $72.99, for a total transaction of $291,960.00. Following the sale, the director now directly owns 33,781 shares of the company’s stock, valued at approximately $2,465,675.19. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Richard P. Simon sold 3,058 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $71.81, for a total transaction of $219,594.98. Following the sale, the director now directly owns 21,915 shares of the company’s stock, valued at approximately $1,573,716.15. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Edmond D. Villani sold 4,000 shares of the stock in a transaction dated 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 directly owns 33,781 shares in the company, valued at $2,465,675.19. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock valued at $1,009,713 in the last ninety days. 47.04% of the stock is currently owned by corporate insiders.

Cohen & Steers Stock Performance

NYSE:CNS opened at $73.03 on Wednesday. Cohen & Steers, Inc. has a one year low of $50.05 and a one year high of $78.58. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 28.09 and a beta of 1.45. The firm’s fifty day moving average is $72.19 and its two-hundred day moving average is $65.73.

Cohen & Steers (NYSE:CNSGet Free Report) last posted its quarterly 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 net margin of 26.36% and a return on equity of 38.52%. 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 prior year, the company earned $0.79 earnings per share. The firm’s revenue was down 4.9% on a year-over-year basis.

Cohen & Steers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, March 4th were paid a dividend of $0.59 per share. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.57. This represents a $2.36 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Friday, March 1st. Cohen & Steers’s dividend payout ratio is presently 90.77%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CNS. TheStreet raised Cohen & Steers from a “c+” rating to a “b-” rating in a research report on Tuesday, December 26th. UBS Group initiated coverage on shares of Cohen & Steers in a report on Friday, January 5th. They issued a “sell” rating and a $68.00 price target on the stock.

View Our Latest Stock Analysis on Cohen & Steers

Cohen & Steers 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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