Cohen & Steers, Inc. (NYSE:CNS) has been given a consensus rating of “Hold” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $41.50.

Several equities analysts recently commented on the company. Gabelli lowered Cohen & Steers from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. ValuEngine raised Cohen & Steers from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Bank of America set a $37.00 target price on Cohen & Steers and gave the company a “sell” rating in a report on Tuesday, April 9th. Zacks Investment Research raised Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $41.00 target price on shares of Cohen & Steers in a report on Tuesday, February 26th.

In other Cohen & Steers news, CFO Matthew S. Stadler sold 50,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $51.29, for a total value of $2,564,500.00. Following the completion of the transaction, the chief financial officer now owns 168,227 shares in the company, valued at $8,628,362.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Francis C. Poli sold 14,808 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $47.86, for a total transaction of $708,710.88. Following the completion of the transaction, the insider now owns 65,111 shares of the company’s stock, valued at approximately $3,116,212.46. The disclosure for this sale can be found here. Insiders sold 73,028 shares of company stock worth $3,671,585 in the last three months. 50.63% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearbridge Investments LLC increased its stake in shares of Cohen & Steers by 0.8% during the 1st quarter. Clearbridge Investments LLC now owns 1,557,462 shares of the asset manager’s stock worth $65,834,000 after purchasing an additional 12,679 shares in the last quarter. Premia Global Advisors LLC acquired a new stake in Cohen & Steers during the first quarter valued at approximately $38,000. SEI Investments Co lifted its stake in Cohen & Steers by 195.7% during the first quarter. SEI Investments Co now owns 172,094 shares of the asset manager’s stock valued at $7,274,000 after purchasing an additional 113,899 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in Cohen & Steers during the first quarter valued at approximately $65,000. Finally, Geode Capital Management LLC raised its holdings in shares of Cohen & Steers by 11.2% during the first quarter. Geode Capital Management LLC now owns 268,407 shares of the asset manager’s stock valued at $11,345,000 after acquiring an additional 26,973 shares during the period. Institutional investors own 46.10% of the company’s stock.

Shares of Cohen & Steers stock traded down $0.29 during trading hours on Friday, reaching $50.93. 1,761 shares of the company were exchanged, compared to its average volume of 184,373. Cohen & Steers has a 1 year low of $32.95 and a 1 year high of $52.45. The company has a current ratio of 6.62, a quick ratio of 6.62 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $2.42 billion, a P/E ratio of 21.29, a P/E/G ratio of 3.08 and a beta of 1.02.

Cohen & Steers (NYSE:CNS) last posted its earnings results on Wednesday, April 17th. The asset manager reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $94.20 million for the quarter, compared to analyst estimates of $92.99 million. Cohen & Steers had a return on equity of 41.39% and a net margin of 31.20%. Cohen & Steers’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 earnings per share. Sell-side analysts predict that Cohen & Steers will post 2.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Friday, May 10th. Cohen & Steers’s dividend payout ratio (DPR) is presently 60.00%.

Cohen & Steers Company Profile

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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