Cohen & Steers (CNS) to Release Quarterly Earnings on Wednesday

Cohen & Steers (NYSE:CNS) is scheduled to announce its earnings results after the market closes on Wednesday, April 17th. Investors that wish to listen to the company’s conference call can do so using this link.

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

Cohen & Steers Price Performance

Shares of CNS opened at $69.94 on Monday. The company has a market capitalization of $3.46 billion, a P/E ratio of 26.90 and a beta of 1.45. Cohen & Steers has a one year low of $50.05 and a one year high of $78.58. The business’s 50 day simple moving average is $72.59 and its 200-day simple moving average is $66.38.

Cohen & Steers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, March 4th were issued a dividend of $0.59 per share. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, March 1st. This represents a $2.36 annualized dividend and a yield of 3.37%. Cohen & Steers’s dividend payout ratio is currently 90.77%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CNS shares. TheStreet raised Cohen & Steers from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. UBS Group reduced their price objective on Cohen & Steers from $69.00 to $67.00 and set a “sell” rating on the stock in a report on Friday.

Insider Activity

In other news, Director Edmond D. Villani sold 4,000 shares of the stock in a transaction 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 transaction, the director now owns 33,781 shares of the company’s stock, valued at approximately $2,465,675.19. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Richard P. Simon sold 6,942 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $71.76, for a total value of $498,157.92. Following the completion of the sale, the director now owns 24,973 shares in the company, valued at approximately $1,792,062.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Edmond D. Villani sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $72.99, for a total transaction of $291,960.00. Following the completion of the sale, the director now owns 33,781 shares of the company’s stock, valued at approximately $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 90 days. 47.60% of the stock is owned by company insiders.

Institutional Trading of Cohen & Steers

A number of large investors have recently made changes to their positions in CNS. Corient Private Wealth LLC bought a new position in Cohen & Steers during the 4th quarter worth about $213,000. IHT Wealth Management LLC bought a new position in Cohen & Steers during the 4th quarter worth about $204,000. CI Private Wealth LLC bought a new position in Cohen & Steers during the 4th quarter worth about $202,000. Citigroup Inc. increased its holdings in Cohen & Steers by 12.1% during the 1st quarter. Citigroup Inc. now owns 3,107 shares of the asset manager’s stock worth $199,000 after purchasing an additional 335 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Cohen & Steers by 25.3% during the 2nd quarter. Captrust Financial Advisors now owns 3,090 shares of the asset manager’s stock worth $196,000 after purchasing an additional 624 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Company 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.