OLD National Bancorp IN Acquires Shares of 2,149 Cohen & Steers, Inc. (NYSE:CNS)

OLD National Bancorp IN acquired a new stake in Cohen & Steers, Inc. (NYSE:CNS) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,149 shares of the asset manager’s stock, valued at approximately $206,000.

A number of other large investors also recently modified their holdings of CNS. Vanguard Group Inc. increased its position in shares of Cohen & Steers by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,666,537 shares of the asset manager’s stock valued at $201,937,000 after purchasing an additional 31,525 shares during the last quarter. Congress Wealth Management LLC DE grew its position in shares of Cohen & Steers by 14.0% in the 1st quarter. Congress Wealth Management LLC DE now owns 74,358 shares of the asset manager’s stock valued at $5,717,000 after buying an additional 9,104 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Cohen & Steers by 29.1% in the 1st quarter. Wasatch Advisors LP now owns 3,124,662 shares of the asset manager’s stock valued at $240,255,000 after buying an additional 703,999 shares during the last quarter. Norden Group LLC purchased a new position in shares of Cohen & Steers in the 1st quarter valued at $336,000. Finally, Principal Financial Group Inc. grew 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 valued at $269,000 after buying an additional 509 shares during the last quarter. 51.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cohen & Steers

In other news, CAO Elena Dulik sold 1,100 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $86.45, for a total value of $95,095.00. Following the completion of the sale, the chief accounting officer now owns 20,091 shares in the company, valued at approximately $1,736,866.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 47.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. UBS Group raised shares of Cohen & Steers from a “sell” rating to a “neutral” rating and increased their target price for the company from $63.00 to $102.00 in a research report on Thursday, October 17th. Evercore ISI increased their target price on shares of Cohen & Steers from $92.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, October 4th.

Cohen & Steers Price Performance

Shares of NYSE:CNS opened at $100.85 on Thursday. The stock has a market cap of $5.10 billion, a P/E ratio of 39.24 and a beta of 1.54. The firm has a fifty day moving average price of $92.13 and a 200 day moving average price of $80.34. Cohen & Steers, Inc. has a 1-year low of $50.05 and a 1-year high of $110.67.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $133.20 million during the quarter, compared to analysts’ expectations of $124.18 million. Cohen & Steers had a net margin of 26.21% and a return on equity of 34.08%. Cohen & Steers’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS.

Cohen & Steers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, August 12th. Cohen & Steers’s dividend payout ratio (DPR) is presently 91.83%.

Cohen & Steers 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.