Versor Investments LP Purchases 1,909 Shares of Cohen & Steers Inc $CNS

Versor Investments LP grew its position in shares of Cohen & Steers Inc (NYSE:CNS) by 35.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,337 shares of the asset manager’s stock after buying an additional 1,909 shares during the quarter. Versor Investments LP’s holdings in Cohen & Steers were worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in CNS. GAMMA Investing LLC increased its position in Cohen & Steers by 36.1% during the 1st quarter. GAMMA Investing LLC now owns 992 shares of the asset manager’s stock worth $80,000 after buying an additional 263 shares during the period. Principal Financial Group Inc. increased its position in Cohen & Steers by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 133,860 shares of the asset manager’s stock worth $10,742,000 after buying an additional 3,035 shares during the period. Nisa Investment Advisors LLC increased its position in Cohen & Steers by 2.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,684 shares of the asset manager’s stock worth $536,000 after buying an additional 165 shares during the period. Alps Advisors Inc. increased its position in Cohen & Steers by 7.8% during the 1st quarter. Alps Advisors Inc. now owns 70,624 shares of the asset manager’s stock worth $5,668,000 after buying an additional 5,101 shares during the period. Finally, Edgestream Partners L.P. bought a new position in Cohen & Steers during the 1st quarter worth $1,576,000. Institutional investors own 51.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CNS shares. Weiss Ratings restated a “hold (c)” rating on shares of Cohen & Steers in a research report on Wednesday, October 8th. Evercore ISI boosted their price target on Cohen & Steers from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Finally, Bank of America boosted their price target on Cohen & Steers from $66.00 to $68.00 and gave the company an “underperform” rating in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $72.50.

Cohen & Steers Stock Down 0.8%

CNS stock opened at $67.22 on Wednesday. The company has a market cap of $3.43 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. The business has a 50-day simple moving average of $69.08 and a 200 day simple moving average of $73.77. Cohen & Steers Inc has a 52 week low of $64.29 and a 52 week high of $108.76.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Thursday, October 16th. The asset manager reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. The business had revenue of $140.94 million during the quarter, compared to the consensus estimate of $138.84 million. Cohen & Steers had a return on equity of 29.92% and a net margin of 29.73%.Cohen & Steers’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 earnings per share.

Cohen & Steers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, November 10th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.7%. Cohen & Steers’s dividend payout ratio is 77.74%.

Cohen & Steers Profile

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.