Cohen & Steers, Inc. (CNS) Receives “Hold” Rating from Keefe, Bruyette & Woods
Cohen & Steers, Inc. (NYSE:CNS)‘s stock had its “hold” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a research report issued on Friday. They presently have a $45.00 target price on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 2.32% from the company’s current price.
Several other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Cohen & Steers from a “buy” rating to a “hold” rating in a report on Friday, September 15th. BidaskClub cut shares of Cohen & Steers from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Bank of America Corporation raised their target price on shares of Cohen & Steers from $35.00 to $38.00 and gave the stock an “underperform” rating in a report on Friday. Finally, Credit Suisse Group raised their target price on shares of Cohen & Steers from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $43.60.
Cohen & Steers (CNS) traded up 0.11% during midday trading on Friday, reaching $43.98. The company’s stock had a trading volume of 81,230 shares. The firm has a 50 day moving average price of $39.63 and a 200-day moving average price of $39.95. Cohen & Steers has a 52 week low of $33.16 and a 52 week high of $45.50. The firm has a market cap of $2.04 billion, a P/E ratio of 21.36 and a beta of 1.61.
Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, October 18th. The asset manager reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $96.40 million during the quarter, compared to the consensus estimate of $95.76 million. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. On average, analysts forecast that Cohen & Steers will post $2.03 earnings per share for the current fiscal year.
In other news, insider John Todd Glickson sold 6,700 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $39.72, for a total transaction of $266,124.00. Following the transaction, the insider now directly owns 36,738 shares of the company’s stock, valued at $1,459,233.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 52.90% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in CNS. Janus Henderson Group PLC bought a new position in shares of Cohen & Steers during the second quarter worth approximately $47,933,000. FMR LLC acquired a new stake in shares of Cohen & Steers during the 2nd quarter worth approximately $4,354,000. Global Thematic Partners LLC boosted its position in shares of Cohen & Steers by 17.3% during the 2nd quarter. Global Thematic Partners LLC now owns 637,519 shares of the asset manager’s stock worth $25,845,000 after acquiring an additional 93,983 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Cohen & Steers by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 1,699,085 shares of the asset manager’s stock worth $67,912,000 after acquiring an additional 83,294 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Cohen & Steers by 13.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 640,425 shares of the asset manager’s stock worth $25,963,000 after acquiring an additional 75,497 shares in the last quarter. 45.36% of the stock is currently owned by institutional investors.
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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