PNC Financial Services Group Inc. Sells 241 Shares of Cohen & Steers, Inc. (NYSE:CNS)

PNC Financial Services Group Inc. decreased its holdings in shares of Cohen & Steers, Inc. (NYSE:CNSFree Report) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,072 shares of the asset manager’s stock after selling 241 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cohen & Steers were worth $460,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CNS. Signaturefd LLC grew its stake in Cohen & Steers by 104.9% in the 3rd quarter. Signaturefd LLC now owns 418 shares of the asset manager’s stock worth $26,000 after buying an additional 214 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Cohen & Steers during the 4th quarter worth $28,000. SRS Capital Advisors Inc. grew its position in Cohen & Steers by 294.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 548 shares of the asset manager’s stock worth $41,000 after acquiring an additional 409 shares in the last quarter. SG Americas Securities LLC bought a new position in Cohen & Steers in the fourth quarter valued at $142,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in Cohen & Steers during the fourth quarter valued at about $209,000. 51.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group decreased 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, April 12th.

View Our Latest Stock Report on CNS

Insider Activity

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

Cohen & Steers Stock Performance

Shares of Cohen & Steers stock opened at $70.29 on Monday. Cohen & Steers, Inc. has a 52-week low of $50.05 and a 52-week high of $78.58. The company has a fifty day moving average of $71.66 and a 200-day moving average of $70.05. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 27.35 and a beta of 1.45.

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

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were given a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.36 annualized dividend and a yield of 3.36%. Cohen & Steers’s payout ratio is currently 91.83%.

Cohen & Steers Company 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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