Cohen & Steers Inc (CNS) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Cohen & Steers Inc (NYSE:CNS) have been given an average recommendation of “Hold” by the six brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $43.60.
Several research firms have recently issued reports on CNS. BidaskClub downgraded shares of Cohen & Steers from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research raised shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Tuesday, October 10th. Credit Suisse Group raised their price target on shares of Cohen & Steers from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $45.00 price target on shares of Cohen & Steers in a research note on Friday, October 20th. Finally, Bank of America Corporation raised their price target on shares of Cohen & Steers from $35.00 to $38.00 and gave the company an “underperform” rating in a research note on Friday, October 20th.
Large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Cohen & Steers in the first quarter worth $103,000. Acadian Asset Management LLC acquired a new stake in Cohen & Steers in the second quarter worth $140,000. BNP Paribas Arbitrage SA grew its holdings in Cohen & Steers by 545.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,617 shares of the asset manager’s stock worth $147,000 after purchasing an additional 3,057 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Cohen & Steers in the second quarter worth $183,000. Finally, Prudential Financial Inc. acquired a new stake in Cohen & Steers in the first quarter worth $205,000. Institutional investors and hedge funds own 46.19% of the company’s stock.
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Shares of Cohen & Steers (NYSE CNS) opened at $43.65 on Tuesday. The stock has a market cap of $2,028.49, a P/E ratio of 21.90, a P/E/G ratio of 2.56 and a beta of 1.61. Cohen & Steers has a 52-week low of $33.16 and a 52-week high of $45.50.
Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, October 18th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $96.40 million during the quarter, compared to the consensus estimate of $95.76 million. Cohen & Steers had a net margin of 26.53% and a return on equity of 32.82%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. equities research analysts expect that Cohen & Steers will post 2.06 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Tuesday, November 21st. Cohen & Steers’s dividend payout ratio is presently 53.85%.
Cohen & Steers Company Profile
Cohen & Steers, Inc (CNS) is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors.
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