SG Americas Securities LLC Makes New $142,000 Investment in Cohen & Steers, Inc. (NYSE:CNS)

SG Americas Securities LLC bought a new position in Cohen & Steers, Inc. (NYSE:CNS) in the fourth quarter, Holdings Channel.com reports. The fund bought 1,874 shares of the asset manager’s stock, valued at approximately $142,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC lifted its position in Cohen & Steers by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 13,334 shares of the asset manager’s stock worth $861,000 after purchasing an additional 198 shares during the period. Signaturefd LLC increased its holdings in shares of 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 increased its holdings in shares of Cohen & Steers by 42.0% in the second quarter. State of Wyoming now owns 828 shares of the asset manager’s stock valued at $48,000 after buying an additional 245 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Cohen & Steers by 11.6% in the first 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. Finally, Citigroup Inc. increased its holdings in shares of Cohen & Steers by 12.1% in the first quarter. Citigroup Inc. now owns 3,107 shares of the asset manager’s stock valued at $199,000 after buying an additional 335 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Stock Down 1.4 %

Shares of NYSE:CNS opened at $67.51 on Wednesday. The company’s fifty day moving average is $72.58 and its two-hundred day moving average is $66.46. Cohen & Steers, Inc. has a 12-month low of $50.05 and a 12-month high of $78.58. The company has a market cap of $3.34 billion, a P/E ratio of 25.97 and a beta of 1.45.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Wednesday, January 24th. The asset manager reported $0.67 earnings per share (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 the consensus estimate of $122.80 million. During the same period in the previous year, the business earned $0.79 EPS. The company’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. Shareholders of record on Monday, March 4th were paid a dividend of $0.59 per share. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.57. This represents a $2.36 annualized dividend and a yield of 3.50%. The ex-dividend date was Friday, March 1st. Cohen & Steers’s payout ratio is 90.77%.

Insider Buying and Selling at Cohen & Steers

In other 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 transaction, the director now directly owns 24,973 shares of the company’s stock, valued at $1,792,062.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Richard P. Simon sold 3,058 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 21,915 shares in the company, valued at $1,573,716.15. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard P. Simon sold 6,942 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $71.76, for a total value of $498,157.92. Following the sale, the director now owns 24,973 shares of the company’s stock, valued at $1,792,062.48. 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 three months. 47.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TheStreet raised Cohen & Steers from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. UBS Group dropped their price target on Cohen & Steers from $69.00 to $67.00 and set a “sell” rating on the stock in a report on Friday, April 12th.

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.