2,742 Shares in Cohen & Steers, Inc. (NYSE:CNS) Acquired by HighTower Advisors LLC

HighTower Advisors LLC bought a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,742 shares of the asset manager’s stock, valued at approximately $262,000.

Other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in shares of Cohen & Steers during the third quarter valued at $31,000. GAMMA Investing LLC grew its position in Cohen & Steers by 64.9% in the 3rd quarter. GAMMA Investing LLC now owns 610 shares of the asset manager’s stock valued at $59,000 after buying an additional 240 shares in the last quarter. Signaturefd LLC increased its stake in Cohen & Steers by 19.8% during the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock valued at $62,000 after buying an additional 107 shares during the period. Farther Finance Advisors LLC raised its position in shares of Cohen & Steers by 16.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock worth $79,000 after buying an additional 119 shares in the last quarter. Finally, KBC Group NV acquired a new stake in shares of Cohen & Steers in the 3rd quarter worth approximately $106,000. Institutional investors and hedge funds own 51.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $63.00 to $102.00 in a report on Thursday, October 17th. Evercore ISI boosted their price objective on Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Cohen & Steers Price Performance

Shares of CNS opened at $92.58 on Tuesday. The firm’s 50 day moving average is $100.87 and its 200-day moving average is $89.33. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67. The stock has a market capitalization of $4.68 billion, a P/E ratio of 34.54 and a beta of 1.52.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. The firm had revenue of $133.20 million for the quarter, compared to analyst estimates of $124.18 million. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 earnings per share.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a $0.59 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.55%. Cohen & Steers’s dividend payout ratio (DPR) is 88.06%.

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.