14,927 Shares in Cohen & Steers Inc $CNS Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in shares of Cohen & Steers Inc (NYSE:CNS) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 14,927 shares of the asset manager’s stock, valued at approximately $1,137,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of Cohen & Steers during the 4th quarter valued at $28,000. Geneos Wealth Management Inc. increased its position in shares of Cohen & Steers by 345.3% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock worth $31,000 after purchasing an additional 297 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Cohen & Steers in the fourth quarter valued at about $31,000. Caitong International Asset Management Co. Ltd raised its stake in Cohen & Steers by 110.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 299 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Cohen & Steers by 754.9% during the fourth quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock worth $38,000 after purchasing an additional 536 shares during the period. 51.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cohen & Steers

In other Cohen & Steers news, CAO Elena Dulik sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $83.16, for a total value of $91,476.00. Following the completion of the transaction, the chief accounting officer directly owned 22,146 shares in the company, valued at approximately $1,841,661.36. This represents a 4.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel Noonan sold 4,360 shares of the firm’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 transaction, the executive vice president directly owned 28,682 shares of the company’s stock, valued at $2,217,979.06. The trade was a 13.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 45.40% of the company’s stock.

Cohen & Steers Trading Up 1.2%

Cohen & Steers stock opened at $79.96 on Friday. The company has a market capitalization of $4.11 billion, a PE ratio of 24.53, a P/E/G ratio of 1.93 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. The stock has a 50-day moving average price of $81.00 and a two-hundred day moving average price of $72.90.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Thursday, July 16th. The asset manager reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). Cohen & Steers had a return on equity of 27.41% and a net margin of 28.82%.The firm had revenue of $151.84 million for the quarter, compared to the consensus estimate of $149.45 million. During the same quarter last year, the firm posted $0.73 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, analysts predict that Cohen & Steers Inc will post 3.53 earnings per share for the current fiscal year.

Cohen & Steers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Monday, August 10th. Cohen & Steers’s payout ratio is presently 82.21%.

Analyst Upgrades and Downgrades

CNS has been the topic of a number of analyst reports. Evercore reiterated an “outperform” rating and set a $88.00 price objective on shares of Cohen & Steers in a research note on Monday, August 10th. 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 investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Cohen & Steers currently has a consensus rating of “Hold” and an average target price of $78.00.

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).