ValuEngine lowered shares of Cohen & Steers (NYSE:CNS) from a hold rating to a sell rating in a research report report published on Thursday.

Separately, Zacks Investment Research upgraded shares of Cohen & Steers from a hold rating to a buy rating and set a $47.00 target price for the company in a report on Tuesday, September 18th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Cohen & Steers presently has a consensus rating of Hold and a consensus target price of $41.33.

Shares of CNS stock opened at $33.97 on Thursday. The stock has a market capitalization of $1.63 billion, a PE ratio of 16.41, a PEG ratio of 1.65 and a beta of 1.05. Cohen & Steers has a one year low of $32.95 and a one year high of $46.33.

Cohen & Steers (NYSE:CNS) last announced its earnings results 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 company had revenue of $98.30 million during the quarter, compared to the consensus estimate of $99.05 million. Cohen & Steers had a net margin of 28.13% and a return on equity of 38.16%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 earnings per share. As a group, sell-side analysts expect that Cohen & Steers will post 2.45 EPS for the current year.

In related news, insider John Todd Glickson sold 6,315 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The shares were 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 51.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CNS. State of Alaska Department of Revenue purchased a new stake in Cohen & Steers during the third quarter worth about $108,000. Sageworth Trust Co increased its holdings in Cohen & Steers by 500.0% during the third quarter. Sageworth Trust Co now owns 3,000 shares of the asset manager’s stock worth $122,000 after buying an additional 2,500 shares during the last quarter. MML Investors Services LLC purchased a new stake in Cohen & Steers during the third quarter worth about $216,000. Leavell Investment Management Inc. purchased a new stake in Cohen & Steers during the third quarter worth about $223,000. Finally, Envestnet Asset Management Inc. increased its holdings in Cohen & Steers by 33.9% during the second quarter. Envestnet Asset Management Inc. now owns 5,499 shares of the asset manager’s stock worth $229,000 after buying an additional 1,391 shares during the last quarter. Institutional investors and hedge funds own 48.52% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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