Vanguard Personalized Indexing Management LLC Sells 153 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Vanguard Personalized Indexing Management LLC reduced its stake in Cohen & Steers, Inc. (NYSE:CNS) by 3.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,215 shares of the asset manager’s stock after selling 153 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Cohen & Steers were worth $306,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CNS. GAMMA Investing LLC boosted its stake in shares of Cohen & Steers by 115.1% in the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock valued at $27,000 after buying an additional 198 shares during the period. Garner Asset Management Corp bought a new stake in shares of Cohen & Steers in the fourth quarter valued at approximately $84,000. Meeder Asset Management Inc. bought a new stake in shares of Cohen & Steers in the second quarter valued at approximately $161,000. Central Pacific Bank Trust Division bought a new stake in shares of Cohen & Steers in the first quarter valued at approximately $224,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Cohen & Steers by 17.0% in the first 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 period. 51.47% of the stock is currently owned by institutional investors.

Cohen & Steers Price Performance

Shares of CNS opened at $95.70 on Friday. Cohen & Steers, Inc. has a one year low of $50.05 and a one year high of $97.57. The company has a market cap of $4.84 billion, a P/E ratio of 37.24 and a beta of 1.54. The firm has a 50 day simple moving average of $87.56 and a two-hundred day simple moving average of $77.53.

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

Cohen & Steers Announces Dividend

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

Insider Transactions at Cohen & Steers

In other news, Director Richard P. Simon sold 7,000 shares of the company’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 directly owns 15,660 shares in the company, valued at $1,262,352.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Richard P. Simon sold 7,000 shares of the company’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 directly owns 15,660 shares in the company, valued at $1,262,352.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $95,095.00. Following the transaction, the chief accounting officer now owns 20,091 shares of the company’s stock, valued at $1,736,866.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,600 shares of company stock worth $1,710,365. Corporate insiders own 47.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CNS shares. Evercore ISI boosted their price target on Cohen & Steers from $85.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. UBS Group lowered their price objective on shares of Cohen & Steers from $65.00 to $63.00 and set a “sell” rating for the company in a research report on Wednesday, July 10th.

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.