Cohen & Steers (CNS) to Release Earnings on Wednesday

Cohen & Steers (NYSE:CNS) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 16th. Individual interested in listening to the company’s earnings conference call can do so using this link.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, July 17th. The asset manager reported $0.68 EPS for the quarter. The business had revenue of $121.70 million for the quarter, compared to analysts’ expectations of $121.48 million. Cohen & Steers had a net margin of 26.21% and a return on equity of 34.08%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 EPS.

Cohen & Steers Trading Up 2.2 %

CNS stock opened at $93.82 on Monday. The stock has a 50-day moving average price of $89.36 and a two-hundred day moving average price of $78.97. Cohen & Steers has a 1 year low of $50.05 and a 1 year high of $97.57. The stock has a market cap of $4.74 billion, a PE ratio of 36.51 and a beta of 1.54.

Cohen & Steers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Monday, August 12th were issued a dividend of $0.59 per share. The ex-dividend date was Monday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.52%. Cohen & Steers’s payout ratio is presently 91.83%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. UBS Group reduced their price target on Cohen & Steers from $65.00 to $63.00 and set a “sell” rating for the company in a research report on Wednesday, July 10th. Evercore ISI increased their target price on shares of Cohen & Steers from $92.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, October 4th.

Insider Buying and Selling

In other Cohen & Steers news, EVP Jon Cheigh sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $84.08, for a total value of $1,051,000.00. Following the completion of the transaction, the executive vice president now directly owns 155,311 shares in the company, valued at $13,058,548.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Richard P. Simon sold 7,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $80.61, for a total transaction of $564,270.00. Following the transaction, the director now directly owns 15,660 shares in the company, valued at $1,262,352.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jon Cheigh sold 12,500 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $84.08, for a total transaction of $1,051,000.00. Following the completion of the sale, the executive vice president now directly owns 155,311 shares in the company, valued at approximately $13,058,548.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,600 shares of company stock worth $1,710,365. Corporate insiders own 47.60% of the company’s stock.

Cohen & Steers Company Profile

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.