BNP Paribas Financial Markets Sells 30,754 Shares of Cohen & Steers, Inc. (NYSE:CNS)

BNP Paribas Financial Markets cut its holdings in Cohen & Steers, Inc. (NYSE:CNSFree Report) by 59.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,716 shares of the asset manager’s stock after selling 30,754 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cohen & Steers were worth $1,569,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC lifted its stake in shares of Cohen & Steers by 39.5% in the 4th quarter. Moody Aldrich Partners LLC now owns 135,849 shares of the asset manager’s stock valued at $10,288,000 after purchasing an additional 38,458 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Cohen & Steers by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 672,011 shares of the asset manager’s stock worth $42,128,000 after acquiring an additional 30,924 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Cohen & Steers during the 3rd quarter valued at about $1,881,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Cohen & Steers by 5.0% in the 4th 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 in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Cohen & Steers by 13.3% in the 3rd quarter. Deutsche Bank AG now owns 14,015 shares of the asset manager’s stock worth $879,000 after purchasing an additional 1,641 shares during the last quarter. 51.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group lowered 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.

Read Our Latest Stock Analysis on Cohen & Steers

Insiders Place Their Bets

In other news, EVP Jon Cheigh sold 7,159 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $72.57, for a total transaction of $519,528.63. Following the completion of the transaction, the executive vice president now owns 167,018 shares of the company’s stock, valued at $12,120,496.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Edmond D. Villani sold 4,000 shares of the company’s 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 completion of the transaction, the director now directly owns 33,781 shares in the company, valued at $2,465,675.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jon Cheigh sold 7,159 shares of Cohen & Steers stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $72.57, for a total transaction of $519,528.63. Following the sale, the executive vice president now owns 167,018 shares in the company, valued at approximately $12,120,496.26. The disclosure for this sale can be found here. Company insiders own 47.60% of the company’s stock.

Cohen & Steers Stock Down 0.3 %

Shares of NYSE:CNS opened at $71.14 on Monday. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 27.68 and a beta of 1.45. The business has a 50 day moving average price of $72.06 and a 200 day moving average price of $69.54. Cohen & Steers, Inc. has a twelve month low of $50.05 and a twelve month high of $78.58.

Cohen & Steers (NYSE:CNSGet Free Report) last issued its quarterly earnings results on Thursday, April 18th. The asset manager reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). The business had revenue of $122.71 million for the quarter, compared to analyst estimates of $125.01 million. Cohen & Steers had a return on equity of 36.67% and a net margin of 26.27%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 earnings per share.

Cohen & Steers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Friday, May 10th. Cohen & Steers’s dividend payout ratio (DPR) is presently 91.83%.

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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