Cohen & Steers Inc $CNS Stock Position Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in shares of Cohen & Steers Inc (NYSE:CNS) by 40.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 604,463 shares of the asset manager’s stock after selling 404,083 shares during the quarter. Victory Capital Management Inc.’s holdings in Cohen & Steers were worth $39,659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its stake in Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 297 shares in the last quarter. Covestor Ltd grew its position in Cohen & Steers by 17.3% in the third quarter. Covestor Ltd now owns 1,925 shares of the asset manager’s stock worth $126,000 after buying an additional 284 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Cohen & Steers during the first quarter worth $172,000. Tower Research Capital LLC TRC lifted its stake in Cohen & Steers by 376.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,575 shares of the asset manager’s stock valued at $194,000 after buying an additional 2,035 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Cohen & Steers in the 2nd quarter valued at approximately $215,000. 51.47% of the stock is currently owned by institutional investors.

Insider Transactions at Cohen & Steers

In related news, EVP Francis C. Poli sold 10,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $65.73, for a total value of $657,300.00. Following the completion of the transaction, the executive vice president owned 55,675 shares of the company’s stock, valued at $3,659,517.75. This represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 47.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on CNS shares. Weiss Ratings restated a “hold (c)” rating on shares of Cohen & Steers in a research report on Wednesday, January 21st. Zacks Research cut shares of Cohen & Steers from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Cohen & Steers currently has an average rating of “Reduce” and an average target price of $72.50.

Cohen & Steers Trading Down 1.7%

Shares of Cohen & Steers stock opened at $65.10 on Friday. The company’s fifty day simple moving average is $66.06 and its 200-day simple moving average is $66.66. Cohen & Steers Inc has a 1 year low of $58.39 and a 1 year high of $88.49. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.93 and a beta of 1.26.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Thursday, January 22nd. The asset manager reported $0.81 EPS for the quarter, meeting analysts’ consensus estimates of $0.81. The business had revenue of $143.79 million during the quarter, compared to analyst estimates of $144.30 million. Cohen & Steers had a net margin of 27.55% and a return on equity of 28.46%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share.

Cohen & Steers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be paid a $0.67 dividend. The ex-dividend date is Monday, March 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.62. Cohen & Steers’s dividend payout ratio is currently 83.22%.

Cohen & Steers Profile

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).