Mutual of America Capital Management LLC Has $387,000 Stock Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Mutual of America Capital Management LLC lowered its stake in Cohen & Steers, Inc. (NYSE:CNS) by 6.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,030 shares of the asset manager’s stock after selling 290 shares during the period. Mutual of America Capital Management LLC’s holdings in Cohen & Steers were worth $387,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Cohen & Steers by 3.1% during the 2nd 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 during the period. Copeland Capital Management LLC increased its position in shares of Cohen & Steers by 1.0% during the third 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 raised its stake in Cohen & Steers by 1.1% during the second quarter. Boston Trust Walden Corp now owns 937,797 shares of the asset manager’s stock worth $68,047,000 after buying an additional 9,960 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Cohen & Steers by 20.9% in the second quarter. Bank of New York Mellon Corp now owns 646,835 shares of the asset manager’s stock worth $46,934,000 after purchasing an additional 111,649 shares in the last quarter. Finally, Congress Asset Management Co. increased its holdings in Cohen & Steers by 3.4% in the third quarter. Congress Asset Management Co. now owns 432,897 shares of the asset manager’s stock worth $41,536,000 after purchasing an additional 14,370 shares in the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. UBS Group raised shares of Cohen & Steers from a “sell” rating to a “neutral” rating and lifted their price target for the company from $63.00 to $102.00 in a research note on Thursday, October 17th. Evercore ISI upped 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 Stock Performance

Shares of NYSE CNS opened at $104.63 on Thursday. The firm’s 50-day simple moving average is $98.90 and its 200 day simple moving average is $85.74. Cohen & Steers, Inc. has a fifty-two week low of $56.28 and a fifty-two week high of $110.67. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 39.09 and a beta of 1.53.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $124.18 million. During the same period in the previous year, the company earned $0.70 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year.

Cohen & Steers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Monday, November 18th. Cohen & Steers’s dividend payout ratio is presently 88.06%.

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.