Northern Trust Corp Purchases 12,812 Shares of Cohen & Steers Inc $CNS

Northern Trust Corp grew its position in shares of Cohen & Steers Inc (NYSE:CNS) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 377,962 shares of the asset manager’s stock after acquiring an additional 12,812 shares during the period. Northern Trust Corp owned about 0.74% of Cohen & Steers worth $30,331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Cohen & Steers during the first quarter valued at about $25,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cohen & Steers during the fourth quarter valued at about $60,000. Fifth Third Bancorp raised its stake in shares of Cohen & Steers by 101.9% during the first quarter. Fifth Third Bancorp now owns 654 shares of the asset manager’s stock valued at $52,000 after acquiring an additional 330 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Cohen & Steers by 36.1% during the first quarter. GAMMA Investing LLC now owns 992 shares of the asset manager’s stock valued at $80,000 after acquiring an additional 263 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Cohen & Steers during the first quarter valued at about $110,000. 51.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Bank of America cut their price objective on Cohen & Steers from $67.00 to $66.00 and set an “underperform” rating on the stock in a research report on Monday, July 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $82.00.

Cohen & Steers Stock Performance

Cohen & Steers stock opened at $73.69 on Friday. The stock’s 50 day simple moving average is $75.35 and its two-hundred day simple moving average is $77.61. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.50 and a beta of 1.38. Cohen & Steers Inc has a fifty-two week low of $68.99 and a fifty-two week high of $110.67.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Thursday, July 17th. The asset manager reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The firm had revenue of $135.32 million for the quarter, compared to the consensus estimate of $134.59 million. Cohen & Steers had a net margin of 29.82% and a return on equity of 29.95%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Monday, August 11th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, August 11th. Cohen & Steers’s dividend payout ratio is 78.73%.

Cohen & Steers Profile

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.