Fisher Asset Management LLC Grows Holdings in Cohen & Steers Inc $CNS

Fisher Asset Management LLC raised its holdings in shares of Cohen & Steers Inc (NYSE:CNS) by 12.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,334 shares of the asset manager’s stock after purchasing an additional 12,364 shares during the quarter. Fisher Asset Management LLC owned 0.22% of Cohen & Steers worth $7,305,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CNS. Thrivent Financial for Lutherans lifted its holdings in Cohen & Steers by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 19,867 shares of the asset manager’s stock valued at $1,497,000 after buying an additional 185 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Cohen & Steers by 0.8% during the second quarter. CANADA LIFE ASSURANCE Co now owns 30,194 shares of the asset manager’s stock worth $2,276,000 after acquiring an additional 229 shares during the period. Amalgamated Bank increased its position in shares of Cohen & Steers by 3.4% during the third quarter. Amalgamated Bank now owns 7,980 shares of the asset manager’s stock worth $524,000 after acquiring an additional 265 shares during the period. Covestor Ltd raised its stake in shares of Cohen & Steers by 17.3% during the third quarter. Covestor Ltd now owns 1,925 shares of the asset manager’s stock valued at $126,000 after acquiring an additional 284 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings 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 purchasing an additional 297 shares during the period. 51.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cohen & Steers Trading Down 0.9%

Shares of NYSE CNS opened at $66.31 on Friday. The stock has a market capitalization of $3.41 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 1.99 and a beta of 1.26. The stock’s fifty day simple moving average is $66.04 and its two-hundred day simple moving average is $66.78. Cohen & Steers Inc has a 12-month low of $58.39 and a 12-month high of $88.49.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Thursday, January 22nd. The asset manager reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. Cohen & Steers had a return on equity of 28.46% and a net margin of 27.55%.The firm had revenue of $143.79 million during the quarter, compared to analyst estimates of $144.30 million. During the same period in the previous year, the company posted $0.78 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year.

Cohen & Steers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, March 9th. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.62. Cohen & Steers’s payout ratio is presently 83.22%.

Insider Activity at Cohen & Steers

In related news, EVP Francis C. Poli sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $65.73, for a total transaction of $657,300.00. Following the completion of the sale, the executive vice president owned 55,675 shares of the company’s stock, valued at $3,659,517.75. This represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 47.60% of the stock is currently owned by company insiders.

Cohen & Steers 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).