56,612 Shares in Cohen & Steers, Inc. (NYSE:CNS) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 56,612 shares of the asset manager’s stock, valued at approximately $4,108,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CNS. GAMMA Investing LLC boosted its stake in shares of Cohen & Steers by 115.1% during the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 198 shares in the last quarter. Arizona State Retirement System lifted its holdings in Cohen & Steers by 2.7% during the second quarter. Arizona State Retirement System now owns 7,625 shares of the asset manager’s stock worth $553,000 after buying an additional 198 shares during the period. Inspire Advisors LLC boosted its position in Cohen & Steers by 1.9% during the 2nd quarter. Inspire Advisors LLC now owns 11,337 shares of the asset manager’s stock valued at $823,000 after acquiring an additional 210 shares in the last quarter. Taylor Hoffman Wealth Management increased its holdings in shares of Cohen & Steers by 0.6% in the 1st quarter. Taylor Hoffman Wealth Management now owns 58,579 shares of the asset manager’s stock valued at $4,504,000 after acquiring an additional 336 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Cohen & Steers by 17.0% in the 1st quarter. Principal Financial Group Inc. now owns 3,498 shares of the asset manager’s stock worth $269,000 after acquiring an additional 509 shares in the last quarter. 51.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CNS has been the subject of a number of analyst reports. Evercore ISI upped their price objective on Cohen & Steers from $85.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. UBS Group lowered their price target on shares of Cohen & Steers from $65.00 to $63.00 and set a “sell” rating on the stock in a report on Wednesday, July 10th.

Insiders Place Their Bets

In related news, CAO Elena Dulik sold 1,100 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $86.45, for a total value of $95,095.00. Following the transaction, the chief accounting officer now directly owns 20,091 shares of the company’s stock, valued at approximately $1,736,866.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Richard P. Simon sold 7,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $80.61, for a total transaction of $564,270.00. Following the completion of the transaction, the director now owns 15,660 shares of the company’s stock, valued at $1,262,352.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Elena Dulik sold 1,100 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $86.45, for a total transaction of $95,095.00. Following the completion of the sale, the chief accounting officer now directly owns 20,091 shares in the company, valued at $1,736,866.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,600 shares of company stock valued at $1,710,365. Insiders own 47.60% of the company’s stock.

Cohen & Steers Trading Up 0.7 %

Shares of CNS stock opened at $95.70 on Friday. The business’s fifty day simple moving average is $87.56 and its 200-day simple moving average is $77.53. Cohen & Steers, Inc. has a 12-month low of $50.05 and a 12-month high of $97.57. The company has a market cap of $4.84 billion, a PE ratio of 37.24 and a beta of 1.54.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, July 17th. The asset manager reported $0.68 earnings per share for the quarter. The business had revenue of $121.70 million for the quarter, compared to analyst estimates of $121.48 million. Cohen & Steers had a return on equity of 34.08% and a net margin of 26.21%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 earnings per share.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Monday, August 12th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 2.47%. Cohen & Steers’s payout ratio is 91.83%.

About Cohen & Steers

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.