Inspire Investing LLC Increases Position in Cohen & Steers, Inc. (NYSE:CNS)

Inspire Investing LLC raised its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 4.0% during the 2nd quarter, Holdings Channel reports. The firm owned 4,864 shares of the asset manager’s stock after buying an additional 185 shares during the quarter. Inspire Investing LLC’s holdings in Cohen & Steers were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CNS. GAMMA Investing LLC lifted its position in shares of Cohen & Steers by 115.1% during the 2nd quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock valued at $27,000 after buying an additional 198 shares in the last quarter. Arizona State Retirement System raised its position 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 acquiring an additional 198 shares during the period. Inspire Advisors LLC lifted its holdings in Cohen & Steers by 1.9% during the second quarter. Inspire Advisors LLC now owns 11,337 shares of the asset manager’s stock valued at $823,000 after purchasing an additional 210 shares in the last quarter. Taylor Hoffman Wealth Management lifted its holdings in Cohen & Steers by 0.6% during the first quarter. Taylor Hoffman Wealth Management now owns 58,579 shares of the asset manager’s stock valued at $4,504,000 after purchasing an additional 336 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Cohen & Steers in the fourth quarter valued at about $28,000. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cohen & Steers 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 completion of the sale, the chief accounting officer now directly owns 20,091 shares in the company, valued at approximately $1,736,866.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Jon Cheigh sold 12,500 shares of the firm’s stock in a transaction that occurred on 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 owns 155,311 shares in the company, valued at approximately $13,058,548.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Elena Dulik sold 1,100 shares of Cohen & Steers stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 20,091 shares in the company, valued at approximately $1,736,866.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,600 shares of company stock worth $1,710,365. 47.60% of the stock is owned by corporate insiders.

Cohen & Steers Stock Down 0.5 %

Cohen & Steers stock opened at $95.13 on Monday. The company has a fifty day simple moving average of $86.03 and a 200-day simple moving average of $76.81. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 37.02 and a beta of 1.54. Cohen & Steers, Inc. has a 52-week low of $50.05 and a 52-week high of $97.57.

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

Cohen & Steers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Monday, August 12th were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 2.48%. Cohen & Steers’s dividend payout ratio is presently 91.83%.

Analyst Ratings Changes

Several research firms recently weighed in on CNS. UBS Group decreased their price target on shares of Cohen & Steers from $65.00 to $63.00 and set a “sell” rating on the stock in a research note on Wednesday, July 10th. Evercore ISI increased their target price on Cohen & Steers from $85.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, September 5th.

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.