Cohen & Steers (NYSE:CNS) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Separately, Zacks Investment Research upgraded Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Cohen & Steers currently has a consensus rating of “Hold” and an average price target of $41.33.

Shares of NYSE CNS traded up $1.17 during midday trading on Wednesday, hitting $35.89. 81,800 shares of the stock traded hands, compared to its average volume of 151,655. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 1.93 and a beta of 1.05. Cohen & Steers has a one year low of $32.95 and a one year high of $46.06.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Wednesday, October 17th. The asset manager reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The firm had revenue of $98.30 million during the quarter, compared to the consensus estimate of $99.05 million. Cohen & Steers had a return on equity of 38.16% and a net margin of 28.13%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, equities analysts expect that Cohen & Steers will post 2.45 EPS for the current year.

In other news, insider John Todd Glickson sold 6,315 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $34.34, for a total transaction of $216,857.10. Following the completion of the sale, the insider now owns 56,439 shares in the company, valued at $1,938,115.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 51.20% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Personal Capital Advisors Corp boosted its position in shares of Cohen & Steers by 0.9% during the fourth quarter. Personal Capital Advisors Corp now owns 63,360 shares of the asset manager’s stock valued at $2,175,000 after buying an additional 540 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Cohen & Steers by 33.9% during the second quarter. Envestnet Asset Management Inc. now owns 5,499 shares of the asset manager’s stock valued at $229,000 after buying an additional 1,391 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of Cohen & Steers by 14.8% during the third quarter. Brown Advisory Inc. now owns 17,550 shares of the asset manager’s stock valued at $713,000 after buying an additional 2,269 shares during the last quarter. Carillon Tower Advisers Inc. boosted its position in shares of Cohen & Steers by 2.0% during the third quarter. Carillon Tower Advisers Inc. now owns 116,834 shares of the asset manager’s stock valued at $4,745,000 after buying an additional 2,271 shares during the last quarter. Finally, Capital Impact Advisors LLC boosted its position in shares of Cohen & Steers by 5.7% during the third quarter. Capital Impact Advisors LLC now owns 46,332 shares of the asset manager’s stock valued at $1,891,000 after buying an additional 2,491 shares during the last quarter. 48.52% of the stock is currently owned by institutional investors.

About Cohen & Steers

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.

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