Strs Ohio Decreases Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Strs Ohio decreased its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 34.6% in the fourth quarter, HoldingsChannel reports. The fund owned 8,700 shares of the asset manager’s stock after selling 4,600 shares during the quarter. Strs Ohio’s holdings in Cohen & Steers were worth $658,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Moody Aldrich Partners LLC lifted its position in Cohen & Steers by 39.5% during the fourth quarter. Moody Aldrich Partners LLC now owns 135,849 shares of the asset manager’s stock valued at $10,288,000 after acquiring an additional 38,458 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Cohen & Steers by 5.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,754 shares of the asset manager’s stock valued at $1,193,000 after acquiring an additional 746 shares during the last quarter. Boston Trust Walden Corp lifted its position in Cohen & Steers by 0.6% during the fourth quarter. Boston Trust Walden Corp now owns 931,810 shares of the asset manager’s stock valued at $70,566,000 after acquiring an additional 5,450 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Cohen & Steers by 39.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,662 shares of the asset manager’s stock valued at $353,000 after acquiring an additional 1,311 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its position in Cohen & Steers by 2.8% during the fourth quarter. Copeland Capital Management LLC now owns 1,048,411 shares of the asset manager’s stock valued at $79,396,000 after acquiring an additional 28,709 shares during the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group cut their price target on shares of Cohen & Steers from $69.00 to $67.00 and set a “sell” rating on the stock in a research note on Friday, April 12th.

Cohen & Steers Trading Down 1.4 %

Shares of Cohen & Steers stock opened at $69.79 on Friday. Cohen & Steers, Inc. has a 12-month low of $50.05 and a 12-month high of $78.58. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 27.16 and a beta of 1.45. The firm’s 50 day simple moving average is $72.56 and its two-hundred day simple moving average is $66.83.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Thursday, April 18th. The asset manager reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). Cohen & Steers had a net margin of 26.27% and a return on equity of 36.96%. The company had revenue of $122.71 million for the quarter, compared to analyst estimates of $125.01 million. During the same quarter in the previous year, the company posted $0.76 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year.

Cohen & Steers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Friday, March 1st. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.57. Cohen & Steers’s dividend payout ratio (DPR) is 91.83%.

Insider Buying and Selling

In related news, Director Richard P. Simon sold 6,942 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $71.76, for a total transaction of $498,157.92. Following the completion of the transaction, the director now owns 24,973 shares of the company’s stock, valued at $1,792,062.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Richard P. Simon sold 6,942 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $71.76, for a total transaction of $498,157.92. Following the sale, the director now owns 24,973 shares in the company, valued at $1,792,062.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Edmond D. Villani sold 4,000 shares of the firm’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 sale, the director now owns 33,781 shares in the company, valued at approximately $2,465,675.19. The disclosure for this sale can be found here. Insiders sold a total of 14,000 shares of company stock valued at $1,009,713 over the last 90 days. Insiders own 47.60% of the company’s stock.

About Cohen & Steers

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.