Farther Finance Advisors LLC Buys 119 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Farther Finance Advisors LLC raised its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 16.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 822 shares of the asset manager’s stock after acquiring an additional 119 shares during the quarter. Farther Finance Advisors LLC’s holdings in Cohen & Steers were worth $79,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CNS. Dimensional Fund Advisors LP boosted its position in shares of Cohen & Steers by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,176,861 shares of the asset manager’s stock valued at $85,390,000 after purchasing an additional 35,905 shares in the last quarter. Copeland Capital Management LLC grew its position in shares of Cohen & Steers by 1.0% in the 3rd quarter. Copeland Capital Management LLC now owns 1,091,097 shares of the asset manager’s stock worth $104,691,000 after buying an additional 10,420 shares during the period. Boston Trust Walden Corp increased its stake in shares of Cohen & Steers by 1.1% in the 2nd quarter. Boston Trust Walden Corp now owns 937,797 shares of the asset manager’s stock worth $68,047,000 after acquiring an additional 9,960 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Cohen & Steers by 20.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 646,835 shares of the asset manager’s stock valued at $46,934,000 after acquiring an additional 111,649 shares during the period. Finally, Congress Asset Management Co. boosted its stake in Cohen & Steers by 3.4% during the third quarter. Congress Asset Management Co. now owns 432,897 shares of the asset manager’s stock worth $41,536,000 after acquiring an additional 14,370 shares in the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Price Performance

Shares of Cohen & Steers stock opened at $102.19 on Wednesday. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 38.13 and a beta of 1.53. Cohen & Steers, Inc. has a 1 year low of $51.79 and a 1 year high of $110.67. The firm’s 50-day moving average is $96.52 and its 200 day moving average is $83.55.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results 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 34.43%. The firm had revenue of $133.20 million for the quarter, compared to analysts’ expectations of $124.18 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis.

Cohen & Steers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Monday, November 18th. Cohen & Steers’s dividend payout ratio is currently 88.06%.

Analyst Ratings Changes

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

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.