Cohen & Steers, Inc. (NYSE:CNS) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in Cohen & Steers, Inc. (NYSE:CNS) by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 729 shares of the asset manager’s stock after purchasing an additional 119 shares during the period. GAMMA Investing LLC’s holdings in Cohen & Steers were worth $67,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC bought a new stake in Cohen & Steers in the third quarter valued at $23,988,000. Franklin Resources Inc. increased its holdings in shares of Cohen & Steers by 18.8% in the 3rd quarter. Franklin Resources Inc. now owns 4,251 shares of the asset manager’s stock worth $410,000 after acquiring an additional 673 shares during the period. Tidal Investments LLC lifted its position in Cohen & Steers by 202.5% in the 3rd quarter. Tidal Investments LLC now owns 25,116 shares of the asset manager’s stock valued at $2,410,000 after purchasing an additional 16,814 shares during the last quarter. Westside Investment Management Inc. acquired a new position in Cohen & Steers during the 3rd quarter valued at about $32,000. Finally, Geode Capital Management LLC grew its position in Cohen & Steers by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 709,323 shares of the asset manager’s stock worth $68,071,000 after purchasing an additional 33,414 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CNS shares. UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $63.00 to $102.00 in a report on Thursday, October 17th. Evercore ISI increased their price target on Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Cohen & Steers Trading Down 4.3 %

Cohen & Steers stock opened at $85.66 on Monday. Cohen & Steers, Inc. has a 52 week low of $64.13 and a 52 week high of $110.67. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 31.96 and a beta of 1.55. The company’s 50-day moving average price is $98.00 and its two-hundred day moving average price is $91.54.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%. The business had revenue of $133.20 million for the quarter, compared to analyst estimates of $124.18 million. During the same quarter last year, the business earned $0.70 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis.

Cohen & Steers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Monday, November 18th. Cohen & Steers’s dividend payout ratio is presently 88.06%.

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.