Copeland Capital Management LLC Has $56.86 Million Holdings in Cohen & Steers Inc $CNS

Copeland Capital Management LLC trimmed its position in shares of Cohen & Steers Inc (NYSE:CNS) by 5.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 866,645 shares of the asset manager’s stock after selling 47,188 shares during the period. Copeland Capital Management LLC owned approximately 1.70% of Cohen & Steers worth $56,861,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Cohen & Steers during the 2nd quarter worth approximately $27,880,000. Wasatch Advisors LP raised its position in Cohen & Steers by 15.1% during the second quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager’s stock valued at $185,790,000 after purchasing an additional 323,759 shares in the last quarter. Balyasny Asset Management L.P. raised its position in Cohen & Steers by 107.4% during the second quarter. Balyasny Asset Management L.P. now owns 190,077 shares of the asset manager’s stock valued at $14,322,000 after purchasing an additional 98,431 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in Cohen & Steers during the first quarter worth $7,222,000. Finally, Millennium Management LLC boosted its holdings in shares of Cohen & Steers by 485.1% in the 1st quarter. Millennium Management LLC now owns 93,175 shares of the asset manager’s stock valued at $7,477,000 after purchasing an additional 77,251 shares in the last quarter. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Stock Down 0.4%

Shares of CNS stock opened at $63.96 on Tuesday. Cohen & Steers Inc has a twelve month low of $58.39 and a twelve month high of $93.25. The stock’s fifty day simple moving average is $64.65 and its 200 day simple moving average is $69.81. The firm has a market capitalization of $3.26 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.16 and a beta of 1.29.

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

Cohen & Steers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 10th were given a dividend of $0.62 per share. The ex-dividend date was Monday, November 10th. This represents a $2.48 annualized dividend and a yield of 3.9%. Cohen & Steers’s dividend payout ratio (DPR) is currently 77.74%.

Insiders Place Their Bets

In other Cohen & Steers news, Director Martin Cohen purchased 12,708 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was purchased at an average cost of $60.83 per share, for a total transaction of $773,027.64. Following the transaction, the director owned 949,205 shares in the company, valued at $57,740,140.15. The trade was a 1.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have purchased 100,000 shares of company stock worth $5,982,368. Insiders own 45.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cohen & Steers Company Profile

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).