Cohen & Steers Inc $CNS Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in Cohen & Steers Inc (NYSE:CNS) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,692 shares of the asset manager’s stock after selling 10,431 shares during the period. Envestnet Asset Management Inc. owned about 0.28% of Cohen & Steers worth $9,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in CNS. Thrivent Financial for Lutherans raised its holdings in shares of Cohen & Steers by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 19,867 shares of the asset manager’s stock valued at $1,497,000 after purchasing an additional 185 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Cohen & Steers by 0.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 30,194 shares of the asset manager’s stock valued at $2,276,000 after buying an additional 229 shares in the last quarter. Amalgamated Bank lifted its holdings in Cohen & Steers by 3.4% during the 3rd quarter. Amalgamated Bank now owns 7,980 shares of the asset manager’s stock worth $524,000 after buying an additional 265 shares during the last quarter. Covestor Ltd boosted its position in shares of Cohen & Steers by 17.3% during the 3rd quarter. Covestor Ltd now owns 1,925 shares of the asset manager’s stock worth $126,000 after acquiring an additional 284 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock worth $31,000 after acquiring an additional 297 shares in the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CNS shares. Weiss Ratings restated a “hold (c)” rating on shares of Cohen & Steers in a research note on Wednesday, January 21st. Zacks Research cut shares of Cohen & Steers from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $72.50.

Cohen & Steers Price Performance

Shares of Cohen & Steers stock opened at $66.12 on Thursday. The firm’s fifty day simple moving average is $65.11 and its 200-day simple moving average is $67.31. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 1.97 and a beta of 1.27. Cohen & Steers Inc has a 12 month low of $58.39 and a 12 month high of $88.76.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Thursday, January 22nd. The asset manager reported $0.81 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.81. The firm had revenue of $143.79 million during the quarter, compared to analysts’ expectations of $144.30 million. Cohen & Steers had a net margin of 27.55% and a return on equity of 29.37%. Cohen & Steers’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS.

Insider Transactions at Cohen & Steers

In other news, EVP Francis C. Poli sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $65.73, for a total value of $657,300.00. Following the transaction, the executive vice president owned 55,675 shares of the company’s stock, valued at approximately $3,659,517.75. The trade was a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 47.60% of the stock is owned by company insiders.

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).