Walleye Capital LLC Has $904,000 Position in Cohen & Steers Inc $CNS

Walleye Capital LLC cut its position in shares of Cohen & Steers Inc (NYSE:CNS) by 91.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,449 shares of the asset manager’s stock after selling 156,124 shares during the quarter. Walleye Capital LLC’s holdings in Cohen & Steers were worth $904,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. raised its position in Cohen & Steers by 215.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 770,149 shares of the asset manager’s stock valued at $48,350,000 after buying an additional 526,096 shares during the last quarter. Norges Bank acquired a new position in Cohen & Steers during the 4th quarter worth approximately $30,232,000. Millennium Management LLC grew its stake in shares of Cohen & Steers by 385.6% during the 4th quarter. Millennium Management LLC now owns 438,826 shares of the asset manager’s stock worth $27,549,000 after acquiring an additional 348,452 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Cohen & Steers by 15.1% during the 2nd quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager’s stock worth $185,790,000 after acquiring an additional 323,759 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in shares of Cohen & Steers during the 3rd quarter worth approximately $12,138,000. 51.47% of the stock is currently owned by institutional investors.

Cohen & Steers Stock Performance

CNS opened at $81.31 on Friday. Cohen & Steers Inc has a 52-week low of $58.39 and a 52-week high of $84.93. The firm has a market capitalization of $4.18 billion, a PE ratio of 24.94, a PEG ratio of 1.97 and a beta of 1.22. The business’s 50-day simple moving average is $75.83 and its 200 day simple moving average is $69.50.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Thursday, July 16th. The asset manager reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $151.84 million for the quarter, compared to analyst estimates of $149.45 million. Cohen & Steers had a net margin of 28.82% and a return on equity of 28.03%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company posted $0.73 earnings per share. On average, research analysts forecast that Cohen & Steers Inc will post 3.59 earnings per share for the current year.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, May 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. Cohen & Steers’s dividend payout ratio is currently 82.21%.

Insider Activity at Cohen & Steers

In other news, EVP Daniel Noonan sold 4,360 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total value of $337,158.80. Following the completion of the sale, the executive vice president owned 28,682 shares of the company’s stock, valued at approximately $2,217,979.06. This represents a 13.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 45.40% of the company’s stock.

Analyst Ratings Changes

CNS has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. Zacks Research upgraded shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Evercore reaffirmed an “outperform” rating and issued a $84.00 target price on shares of Cohen & Steers in a research report on Friday, July 10th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $76.00.

About Cohen & Steers

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).