Cohen & Steers Inc $CNS Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its stake in Cohen & Steers Inc (NYSE:CNS) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,548 shares of the asset manager’s stock after selling 186 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Cohen & Steers were worth $355,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CNS. GAMMA Investing LLC grew its position in shares of Cohen & Steers by 10,820.2% in the first quarter. GAMMA Investing LLC now owns 79,608 shares of the asset manager’s stock valued at $6,389,000 after purchasing an additional 78,879 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in shares of Cohen & Steers in the first quarter valued at about $211,000. Portside Wealth Group LLC lifted its stake in shares of Cohen & Steers by 8.7% in the first quarter. Portside Wealth Group LLC now owns 3,531 shares of the asset manager’s stock worth $283,000 after buying an additional 284 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Cohen & Steers by 101.9% in the first quarter. Fifth Third Bancorp now owns 654 shares of the asset manager’s stock worth $52,000 after buying an additional 330 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Cohen & Steers by 4.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,609 shares of the asset manager’s stock worth $450,000 after buying an additional 245 shares in the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Stock Performance

Shares of CNS stock opened at $66.41 on Wednesday. The stock has a market capitalization of $3.39 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38. The company has a 50 day moving average price of $71.43 and a 200 day moving average price of $74.90. Cohen & Steers Inc has a fifty-two week low of $64.29 and a fifty-two week high of $110.67.

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

Cohen & Steers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Monday, August 11th were issued a $0.62 dividend. The ex-dividend date was Monday, August 11th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.7%. Cohen & Steers’s payout ratio is 78.73%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CNS. Bank of America raised their price target on shares of Cohen & Steers from $66.00 to $68.00 and gave the stock an “underperform” rating in a research note on Thursday, October 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Cohen & Steers in a research note on Saturday, September 27th. Finally, Evercore ISI decreased their price target on shares of Cohen & Steers from $79.00 to $77.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Cohen & Steers has a consensus rating of “Hold” and an average target price of $82.33.

Cohen & Steers Company 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.