Capstone Investment Advisors LLC Purchases New Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Capstone Investment Advisors LLC acquired a new position in shares of Cohen & Steers, Inc. (NYSE:CNSFree Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,460 shares of the asset manager’s stock, valued at approximately $420,000.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Cohen & Steers in the 4th quarter worth about $26,957,000. Moody Aldrich Partners LLC increased its holdings in Cohen & Steers by 39.5% in the fourth quarter. Moody Aldrich Partners LLC now owns 135,849 shares of the asset manager’s stock valued at $10,288,000 after buying an additional 38,458 shares during the last quarter. Evoke Wealth LLC bought a new stake in Cohen & Steers in the fourth quarter valued at about $3,321,000. Quadrature Capital Ltd acquired a new stake in Cohen & Steers during the fourth quarter valued at approximately $1,183,000. Finally, Congress Asset Management Co. MA lifted its holdings in Cohen & Steers by 9.7% during the 1st quarter. Congress Asset Management Co. MA now owns 427,335 shares of the asset manager’s stock worth $32,858,000 after buying an additional 37,935 shares during the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Stock Performance

Cohen & Steers stock opened at $72.42 on Tuesday. Cohen & Steers, Inc. has a one year low of $50.05 and a one year high of $78.58. The company has a 50-day simple moving average of $71.11 and a 200-day simple moving average of $71.52. The firm has a market capitalization of $3.66 billion, a P/E ratio of 28.18 and a beta of 1.53.

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

Cohen & Steers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.26%. The ex-dividend date was Friday, May 10th. Cohen & Steers’s dividend payout ratio is currently 91.83%.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their price objective on shares of Cohen & Steers from $69.00 to $67.00 and set a “sell” rating for the company in a research report on Friday, April 12th.

Check Out Our Latest Stock Report on CNS

Insider Buying and Selling at Cohen & Steers

In other news, EVP Jon Cheigh sold 7,159 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $72.57, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 47.04% of the stock is owned by company insiders.

About Cohen & Steers

(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.

Further Reading

Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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