Y Intercept Hong Kong Ltd Takes Position in Cohen & Steers Inc $CNS

Y Intercept Hong Kong Ltd bought a new position in shares of Cohen & Steers Inc (NYSE:CNS) in the third quarter, Holdings Channel reports. The firm bought 36,124 shares of the asset manager’s stock, valued at approximately $2,370,000.

Several other institutional investors have also modified their holdings of CNS. Royal Bank of Canada boosted its stake in Cohen & Steers by 2.0% in the 1st quarter. Royal Bank of Canada now owns 51,397 shares of the asset manager’s stock worth $4,124,000 after purchasing an additional 1,003 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cohen & Steers by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,367 shares of the asset manager’s stock worth $1,313,000 after buying an additional 716 shares during the last quarter. Millennium Management LLC boosted its position in Cohen & Steers by 485.1% during the first quarter. Millennium Management LLC now owns 93,175 shares of the asset manager’s stock worth $7,477,000 after purchasing an additional 77,251 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Cohen & Steers during the first quarter worth approximately $172,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Cohen & Steers by 3.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,742 shares of the asset manager’s stock worth $5,838,000 after buying an additional 2,155 shares during the period. Institutional investors own 51.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CNS shares. Bank of America raised their price objective on Cohen & Steers from $66.00 to $68.00 and gave the stock an “underperform” rating in a research note on Thursday, October 2nd. Zacks Research downgraded Cohen & Steers from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cohen & Steers in a research note on Wednesday, January 21st. Finally, Evercore ISI upped their price target on shares of Cohen & Steers from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $72.50.

Cohen & Steers Trading Down 0.2%

CNS traded down $0.13 during trading on Wednesday, reaching $64.96. 6,935 shares of the company’s stock were exchanged, compared to its average volume of 369,122. Cohen & Steers Inc has a one year low of $58.39 and a one year high of $90.29. The stock has a market capitalization of $3.31 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 1.93 and a beta of 1.29. The firm has a fifty day moving average price of $64.26 and a two-hundred day moving average price of $68.40.

Cohen & Steers (NYSE:CNS) last released its earnings results on Thursday, January 22nd. The asset manager reported $0.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.81. Cohen & Steers had a net margin of 27.55% and a return on equity of 29.37%. The business had revenue of $143.79 million for the quarter, compared to analyst estimates of $144.30 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. Cohen & Steers’s revenue for the quarter was up 2.9% on a year-over-year basis.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 10th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, November 10th. Cohen & Steers’s dividend payout ratio (DPR) is presently 83.22%.

Insiders Place Their Bets

In other Cohen & Steers news, Director Martin Cohen purchased 50,000 shares of the stock in a transaction dated Tuesday, November 18th. The shares were bought at an average price of $59.69 per share, with a total value of $2,984,500.00. Following the completion of the transaction, the director directly owned 899,205 shares in the company, valued at approximately $53,673,546.45. This trade represents a 5.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 100,000 shares of company stock worth $5,982,368 in the last three months. 45.60% of the stock is currently owned by corporate insiders.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).