Bourgeon Capital Management LLC Sells 38,530 Shares of Cohen & Steers Inc $CNS

Bourgeon Capital Management LLC trimmed its position in shares of Cohen & Steers Inc (NYSE:CNS) by 26.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 107,085 shares of the asset manager’s stock after selling 38,530 shares during the quarter. Bourgeon Capital Management LLC owned approximately 0.21% of Cohen & Steers worth $6,723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its stake 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 during the period. CANADA LIFE ASSURANCE Co grew 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 worth $2,276,000 after purchasing an additional 229 shares during the period. Amalgamated Bank raised its holdings in Cohen & Steers by 3.4% in the third quarter. Amalgamated Bank now owns 7,980 shares of the asset manager’s stock worth $524,000 after purchasing an additional 265 shares in the last quarter. Covestor Ltd raised its holdings in Cohen & Steers by 17.3% in the third quarter. Covestor Ltd now owns 1,925 shares of the asset manager’s stock worth $126,000 after purchasing an additional 284 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Cohen & Steers by 345.3% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after buying an additional 297 shares during the period. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Cohen & Steers in a report on Wednesday, January 21st. Zacks Research raised shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $72.50.

Insider Buying and Selling

In related news, EVP Francis C. Poli sold 10,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $65.73, for a total transaction of $657,300.00. Following the sale, the executive vice president directly owned 55,675 shares of the company’s stock, valued at approximately $3,659,517.75. This represents a 15.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 45.40% of the company’s stock.

Cohen & Steers Trading Up 1.9%

Shares of NYSE:CNS opened at $62.54 on Wednesday. The stock has a fifty day simple moving average of $64.74 and a two-hundred day simple moving average of $65.38. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.83 and a beta of 1.26. Cohen & Steers Inc has a 12-month low of $58.39 and a 12-month high of $83.99.

Cohen & Steers (NYSE:CNS) last released its earnings results on Thursday, January 22nd. The asset manager reported $0.81 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $144.30 million. During the same period in the prior year, the firm posted $0.78 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis.

Cohen & Steers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Monday, March 9th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, March 9th. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.62. Cohen & Steers’s dividend payout ratio (DPR) is presently 89.93%.

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).