Zurich Insurance Group Ltd FI Buys Shares of 34,300 Cohen & Steers Inc (CNS)
Zurich Insurance Group Ltd FI bought a new stake in shares of Cohen & Steers Inc (NYSE:CNS) during the fourth quarter, Holdings Channel reports. The institutional investor bought 34,300 shares of the company’s stock, valued at approximately $1,152,000. Zurich Insurance Group Ltd FI owned 0.07% of Cohen & Steers at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of CNS. Russell Investments Group Ltd. acquired a new position in Cohen & Steers during the fourth quarter valued at $9,503,000. Palisade Capital Management LLC NJ acquired a new position in Cohen & Steers during the second quarter valued at $4,075,000. Renaissance Technologies LLC increased its position in Cohen & Steers by 18.6% in the fourth quarter. Renaissance Technologies LLC now owns 581,300 shares of the company’s stock valued at $19,532,000 after buying an additional 91,100 shares during the period. New Amsterdam Partners LLC NY increased its position in Cohen & Steers by 117.2% in the second quarter. New Amsterdam Partners LLC NY now owns 166,367 shares of the company’s stock valued at $6,728,000 after buying an additional 89,767 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Cohen & Steers during the second quarter worth approximately $2,997,000. Hedge funds and other institutional investors own 44.56% of the company’s stock.
Shares of Cohen & Steers Inc (NYSE:CNS) traded down 0.31% during midday trading on Thursday, hitting $35.37. 158,182 shares of the stock were exchanged. The stock’s 50-day moving average price is $34.75 and its 200 day moving average price is $38.04. The stock has a market cap of $1.62 billion, a P/E ratio of 17.68 and a beta of 1.40. Cohen & Steers Inc has a one year low of $29.48 and a one year high of $43.83.
Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, January 18th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The business earned $89.40 million during the quarter, compared to the consensus estimate of $92.41 million. Cohen & Steers had a net margin of 26.56% and a return on equity of 34.02%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. On average, analysts anticipate that Cohen & Steers Inc will post $1.92 earnings per share for the current year.
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A number of equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Cohen & Steers from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 25th. Bank of America Corporation downgraded shares of Cohen & Steers from a “buy” rating to an “underperform” rating in a report on Friday, December 16th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Cohen & Steers has an average rating of “Hold” and an average price target of $44.40.
Cohen & Steers Company Profile
Cohen & Steers, Inc is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors around the world.
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