Quantinno Capital Management LP Grows Position in Cohen & Steers Inc $CNS

Quantinno Capital Management LP raised its holdings in Cohen & Steers Inc (NYSE:CNS) by 62.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,815 shares of the asset manager’s stock after purchasing an additional 11,895 shares during the period. Quantinno Capital Management LP owned 0.06% of Cohen & Steers worth $1,928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Cohen & Steers by 2.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,338 shares of the asset manager’s stock valued at $398,000 after buying an additional 176 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Cohen & Steers by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 19,867 shares of the asset manager’s stock valued at $1,497,000 after buying an additional 185 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Cohen & Steers by 0.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 30,194 shares of the asset manager’s stock valued at $2,276,000 after acquiring an additional 229 shares during the period. State of Alaska Department of Revenue raised its holdings in Cohen & Steers by 1.4% during the 4th quarter. State of Alaska Department of Revenue now owns 16,333 shares of the asset manager’s stock valued at $1,024,000 after acquiring an additional 231 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock worth $31,000 after purchasing an additional 297 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Insider Buying and Selling

In related news, CAO Elena Dulik sold 1,100 shares of Cohen & Steers stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $83.16, for a total transaction of $91,476.00. Following the sale, the chief accounting officer directly owned 22,146 shares in the company, valued at $1,841,661.36. The trade was a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel Noonan sold 4,360 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $77.33, for a total transaction of $337,158.80. Following the sale, the executive vice president owned 28,682 shares in the company, valued at approximately $2,217,979.06. This trade represents a 13.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 45.40% of the company’s stock.

Cohen & Steers Trading Up 2.9%

Shares of NYSE:CNS opened at $84.50 on Wednesday. The company has a 50-day moving average price of $78.66 and a 200-day moving average price of $70.77. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 2.02 and a beta of 1.21. Cohen & Steers Inc has a 12 month low of $58.39 and a 12 month high of $86.56.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Thursday, July 16th. The asset manager reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Cohen & Steers had a return on equity of 27.41% and a net margin of 28.82%.The business had revenue of $151.84 million during the quarter, compared to the consensus estimate of $149.45 million. During the same quarter in the prior year, the business posted $0.73 earnings per share. Cohen & Steers’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, research analysts forecast that Cohen & Steers Inc will post 3.49 EPS for the current fiscal year.

Cohen & Steers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be issued a $0.67 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.68 annualized dividend and a yield of 3.2%. Cohen & Steers’s dividend payout ratio (DPR) is 82.21%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CNS. Evercore restated an “outperform” rating and issued a $88.00 price objective on shares of Cohen & Steers in a research report on Monday. Weiss Ratings raised shares of Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $78.00.

Cohen & Steers Company 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).