GW&K Investment Management LLC Grows Stock Position in Cohen & Steers Inc $CNS

GW&K Investment Management LLC grew its position in Cohen & Steers Inc (NYSE:CNS) by 29.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 357,134 shares of the asset manager’s stock after acquiring an additional 82,185 shares during the quarter. GW&K Investment Management LLC’s holdings in Cohen & Steers were worth $22,421,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Navellier & Associates Inc. purchased a new position in shares of Cohen & Steers in the fourth quarter valued at approximately $3,586,000. Tudor Investment Corp ET AL lifted its position in shares of Cohen & Steers by 156.0% in the third quarter. Tudor Investment Corp ET AL now owns 77,292 shares of the asset manager’s stock valued at $5,071,000 after acquiring an additional 47,096 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Cohen & Steers by 40.5% in the fourth quarter. Teacher Retirement System of Texas now owns 99,778 shares of the asset manager’s stock valued at $6,264,000 after acquiring an additional 28,740 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Cohen & Steers by 16.7% in the third quarter. Public Sector Pension Investment Board now owns 107,421 shares of the asset manager’s stock valued at $7,048,000 after acquiring an additional 15,337 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Cohen & Steers by 12.5% in the third quarter. Fisher Asset Management LLC now owns 111,334 shares of the asset manager’s stock valued at $7,305,000 after acquiring an additional 12,364 shares in the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CNS shares. Weiss Ratings raised shares of Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Evercore reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Cohen & Steers in a research note on Monday. Finally, Zacks Research raised shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cohen & Steers has an average rating of “Hold” and a consensus price target of $75.00.

Cohen & Steers Trading Down 1.2%

Shares of CNS stock opened at $76.37 on Thursday. The company’s 50-day moving average price is $69.12 and its 200-day moving average price is $66.12. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.20 and a beta of 1.25. Cohen & Steers Inc has a twelve month low of $58.39 and a twelve month high of $78.81.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Thursday, April 16th. The asset manager reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.03). Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The firm had revenue of $144.26 million during the quarter, compared to analysts’ expectations of $140.62 million. During the same period last year, the company earned $0.75 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts predict that Cohen & Steers Inc will post 3.38 EPS for the current year.

Cohen & Steers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, May 11th. Cohen & Steers’s payout ratio is 88.45%.

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).