XTX Topco Ltd Has $1 Million Holdings in Cohen & Steers Inc $CNS

XTX Topco Ltd lifted its holdings in shares of Cohen & Steers Inc (NYSE:CNS) by 43.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,274 shares of the asset manager’s stock after buying an additional 3,993 shares during the quarter. XTX Topco Ltd’s holdings in Cohen & Steers were worth $1,000,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Covestor Ltd grew its holdings in Cohen & Steers by 12.8% during the 1st quarter. Covestor Ltd now owns 1,678 shares of the asset manager’s stock worth $135,000 after acquiring an additional 191 shares during the period. HighTower Advisors LLC grew its stake in shares of Cohen & Steers by 7.9% during the first quarter. HighTower Advisors LLC now owns 2,689 shares of the asset manager’s stock worth $216,000 after purchasing an additional 198 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Cohen & Steers by 1.1% in the second quarter. Harbor Capital Advisors Inc. now owns 23,629 shares of the asset manager’s stock valued at $1,780,000 after purchasing an additional 254 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Cohen & Steers by 345.3% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after buying an additional 297 shares during the period. Finally, KLP Kapitalforvaltning AS boosted its holdings in Cohen & Steers by 5.2% during the second quarter. KLP Kapitalforvaltning AS now owns 6,100 shares of the asset manager’s stock worth $460,000 after buying an additional 300 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cohen & Steers

In other news, Director Martin Cohen bought 50,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of $59.69 per share, for a total transaction of $2,984,500.00. Following the completion of the acquisition, the director owned 899,205 shares in the company, valued at approximately $53,673,546.45. This represents a 5.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have acquired 100,000 shares of company stock valued at $5,982,368 over the last three months. 47.60% of the stock is currently owned by company insiders.

Cohen & Steers Stock Down 0.8%

NYSE:CNS opened at $63.25 on Monday. The company has a market cap of $3.23 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.81 and a beta of 1.40. Cohen & Steers Inc has a twelve month low of $58.80 and a twelve month high of $105.69. The business has a 50 day moving average price of $66.36 and a two-hundred day moving average price of $72.04.

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

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 10th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, November 10th. Cohen & Steers’s dividend payout ratio is presently 77.74%.

Wall Street Analyst Weigh In

CNS has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cohen & Steers in a research note on Wednesday, October 8th. Bank of America upped their target price on shares of Cohen & Steers from $66.00 to $68.00 and gave the company an “underperform” rating in a research note on Thursday, October 2nd. Finally, Evercore ISI lifted their price target on shares of Cohen & Steers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Cohen & Steers has an average rating of “Hold” and an average price target of $72.50.

About Cohen & Steers

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.