Creative Planning Sells 2,215 Shares of Cohen & Steers Inc $CNS

Creative Planning decreased its position in shares of Cohen & Steers Inc (NYSE:CNS) by 13.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,572 shares of the asset manager’s stock after selling 2,215 shares during the quarter. Creative Planning’s holdings in Cohen & Steers were worth $1,098,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CNS. Entropy Technologies LP acquired a new stake in Cohen & Steers during the 1st quarter worth $441,000. Nuveen LLC bought a new stake in shares of Cohen & Steers in the first quarter worth about $6,193,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Cohen & Steers by 92.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,784 shares of the asset manager’s stock worth $813,000 after acquiring an additional 5,175 shares in the last quarter. Northern Trust Corp raised its position in shares of Cohen & Steers by 3.5% during the first quarter. Northern Trust Corp now owns 377,962 shares of the asset manager’s stock worth $30,331,000 after purchasing an additional 12,812 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its holdings in shares of Cohen & Steers by 201.1% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 7,909 shares of the asset manager’s stock valued at $596,000 after purchasing an additional 5,282 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Down 0.8%

NYSE:CNS opened at $63.25 on Friday. The company has a market cap of $3.23 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.81 and a beta of 1.40. Cohen & Steers Inc has a twelve month low of $58.80 and a twelve month high of $105.69. The business has a 50 day moving average price of $66.36 and a two-hundred day moving average price of $72.11.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Thursday, October 16th. The asset manager reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The business had revenue of $140.94 million for the quarter, compared to analyst estimates of $138.84 million. Cohen & Steers had a net margin of 29.73% and a return on equity of 29.92%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 10th were issued a $0.62 dividend. The ex-dividend date was Monday, November 10th. This represents a $2.48 annualized dividend and a dividend yield of 3.9%. Cohen & Steers’s dividend payout ratio (DPR) is presently 77.74%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CNS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cohen & Steers in a research note on Wednesday, October 8th. Bank of America increased their price objective on shares of Cohen & Steers from $66.00 to $68.00 and gave the stock an “underperform” rating in a research report on Thursday, October 2nd. Finally, Evercore ISI boosted their price objective on shares of Cohen & Steers from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $72.50.

Insider Activity

In related news, Director Martin Cohen bought 12,708 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average price of $60.83 per share, for a total transaction of $773,027.64. Following the completion of the acquisition, the director owned 949,205 shares of the company’s stock, valued at approximately $57,740,140.15. The trade was a 1.36% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 100,000 shares of company stock valued at $5,982,368 over the last 90 days. 47.60% of the stock is currently owned by insiders.

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.