Cohen & Steers, Inc. (NYSE:CNS) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 1.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,000 shares of the asset manager’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Cohen & Steers were worth $1,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CNS. Norden Group LLC acquired a new position in Cohen & Steers in the first quarter valued at approximately $336,000. Principal Financial Group Inc. boosted its holdings in 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 purchasing an additional 509 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Cohen & Steers by 35.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,382 shares of the asset manager’s stock valued at $1,644,000 after purchasing an additional 5,628 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Cohen & Steers by 14.1% in the first quarter. BNP Paribas Financial Markets now owns 23,639 shares of the asset manager’s stock valued at $1,818,000 after purchasing an additional 2,923 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in Cohen & Steers in the first quarter valued at approximately $420,000. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Trading Down 0.7 %

Shares of NYSE CNS opened at $98.09 on Friday. Cohen & Steers, Inc. has a twelve month low of $51.61 and a twelve month high of $110.67. The stock has a 50 day moving average of $94.53 and a two-hundred day moving average of $81.77. The stock has a market cap of $4.96 billion, a P/E ratio of 36.60 and a beta of 1.54.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Cohen & Steers had a return on equity of 34.43% and a net margin of 27.23%. The company had revenue of $133.20 million during the quarter, compared to analysts’ expectations of $124.18 million. During the same quarter in the previous year, the business earned $0.70 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis.

Analyst Ratings Changes

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

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.