Bamco Inc. NY Decreases Stake in Cohen & Steers Inc $CNS

Bamco Inc. NY trimmed its position in shares of Cohen & Steers Inc (NYSE:CNS) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,928,299 shares of the asset manager’s stock after selling 15,583 shares during the quarter. Bamco Inc. NY owned approximately 3.78% of Cohen & Steers worth $145,297,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CNS. HighTower Advisors LLC boosted its position in shares of Cohen & Steers by 7.9% during the first quarter. HighTower Advisors LLC now owns 2,689 shares of the asset manager’s stock valued at $216,000 after buying an additional 198 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Cohen & Steers by 1.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 23,629 shares of the asset manager’s stock worth $1,780,000 after buying an additional 254 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Cohen & Steers by 345.3% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 297 shares in the last quarter. KLP Kapitalforvaltning AS boosted its stake in shares of Cohen & Steers by 5.2% in the second quarter. KLP Kapitalforvaltning AS now owns 6,100 shares of the asset manager’s stock worth $460,000 after acquiring an additional 300 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Cohen & Steers in the first quarter worth about $25,000. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Trading Down 0.1%

NYSE CNS opened at $62.56 on Friday. Cohen & Steers Inc has a twelve month low of $58.39 and a twelve month high of $100.99. The stock has a market cap of $3.19 billion, a PE ratio of 19.61, a P/E/G ratio of 2.11 and a beta of 1.29. The stock has a fifty day simple moving average of $65.51 and a 200-day simple moving average of $70.94.

Cohen & Steers (NYSE:CNS) last posted its earnings results on Thursday, October 16th. The asset manager reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.03. Cohen & Steers had a net margin of 29.73% and a return on equity of 29.40%. The firm had revenue of $140.94 million during the quarter, compared to the consensus estimate of $138.84 million. During the same quarter last year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 10th were paid a $0.62 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $2.48 annualized dividend and a dividend yield of 4.0%. Cohen & Steers’s dividend payout ratio (DPR) is presently 77.74%.

Analysts Set New Price Targets

CNS has been the topic of a number of research analyst reports. Bank of America boosted their price target on Cohen & Steers from $66.00 to $68.00 and gave the stock an “underperform” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cohen & Steers in a research report on Wednesday, October 8th. Finally, Evercore ISI upped their target price on shares of Cohen & Steers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $72.50.

Insider Buying and Selling

In other Cohen & Steers news, Director Martin Cohen purchased 50,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average price of $59.69 per share, for a total transaction of $2,984,500.00. Following the completion of the purchase, the director directly owned 899,205 shares in the company, valued at approximately $53,673,546.45. The trade was a 5.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 100,000 shares of company stock valued at $5,982,368. Company insiders own 47.60% of the company’s stock.

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.