Squarepoint Ops LLC Sells 11,492 Shares of Cohen & Steers Inc $CNS

Squarepoint Ops LLC cut its position in Cohen & Steers Inc (NYSE:CNS) by 55.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,396 shares of the asset manager’s stock after selling 11,492 shares during the quarter. Squarepoint Ops LLC’s holdings in Cohen & Steers were worth $708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Cohen & Steers by 21.1% in the second quarter. JPMorgan Chase & Co. now owns 130,719 shares of the asset manager’s stock valued at $9,850,000 after buying an additional 22,786 shares during the period. Nuveen LLC acquired a new position in shares of Cohen & Steers in the 1st quarter valued at $6,193,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Cohen & Steers by 92.3% during the 2nd 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 during the period. Edgestream Partners L.P. boosted its position in shares of Cohen & Steers by 316.7% during the 2nd quarter. Edgestream Partners L.P. now owns 81,839 shares of the asset manager’s stock valued at $6,167,000 after acquiring an additional 62,201 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Cohen & Steers by 3.5% during the 1st quarter. Northern Trust Corp now owns 377,962 shares of the asset manager’s stock valued at $30,331,000 after acquiring an additional 12,812 shares in the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cohen & Steers Price Performance

Shares of CNS opened at $63.17 on Wednesday. The company has a market capitalization of $3.22 billion, a P/E ratio of 19.80, a PEG ratio of 2.13 and a beta of 1.29. Cohen & Steers Inc has a one year low of $58.39 and a one year high of $94.89. The business’s 50 day simple moving average is $65.01 and its 200-day simple moving average is $70.18.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Thursday, October 16th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. Cohen & Steers had a net margin of 29.73% and a return on equity of 29.40%. The company had revenue of $140.94 million for the quarter, compared to analyst estimates of $138.84 million. During the same period in the prior year, the business earned $0.77 earnings per share. Cohen & Steers’s quarterly revenue 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. Shareholders 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 dividend on an annualized basis and a yield of 3.9%. Cohen & Steers’s dividend payout ratio (DPR) is presently 77.74%.

Insider Buying and Selling

In other Cohen & Steers news, Director Martin Cohen bought 12,708 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was bought at an average price of $60.83 per share, for a total transaction of $773,027.64. Following the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have acquired 100,000 shares of company stock worth $5,982,368. 45.60% of the stock is currently owned by insiders.

About Cohen & Steers

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).