MML Investors Services LLC raised its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS – Free Report) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,045 shares of the asset manager’s stock after buying an additional 229 shares during the period. MML Investors Services LLC’s holdings in Cohen & Steers were worth $484,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Cohen & Steers by 0.8% in the 3rd quarter. State Street Corp now owns 1,098,165 shares of the asset manager’s stock worth $105,369,000 after purchasing an additional 8,774 shares in the last quarter. Creative Planning grew its holdings in Cohen & Steers by 9.5% during the second quarter. Creative Planning now owns 11,940 shares of the asset manager’s stock valued at $866,000 after purchasing an additional 1,034 shares during the period. Rhumbline Advisers increased its position in Cohen & Steers by 101.6% in the second quarter. Rhumbline Advisers now owns 77,146 shares of the asset manager’s stock worth $5,598,000 after buying an additional 38,887 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Cohen & Steers in the third quarter worth about $5,025,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Cohen & Steers by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock worth $91,305,000 after buying an additional 52,103 shares during the period. 51.47% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
CNS has been the subject of a number of recent research reports. UBS Group upgraded Cohen & Steers from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $63.00 to $102.00 in a research note on Thursday, October 17th. Evercore ISI upped their price target on shares of Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.
Cohen & Steers Stock Up 2.0 %
Shares of Cohen & Steers stock opened at $92.49 on Monday. Cohen & Steers, Inc. has a 52 week low of $64.13 and a 52 week high of $110.67. The stock’s 50-day simple moving average is $100.87 and its 200-day simple moving average is $89.20. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 34.51 and a beta of 1.52.
Cohen & Steers (NYSE:CNS – Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The company 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 firm earned $0.70 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year.
Cohen & Steers Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, November 18th. This represents a $2.36 annualized dividend and a yield of 2.55%. Cohen & Steers’s payout ratio is 88.06%.
Cohen & Steers Company 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.
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