AQR Capital Management LLC Grows Stake in Cohen & Steers, Inc. (NYSE:CNS)

AQR Capital Management LLC raised its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,274 shares of the asset manager’s stock after purchasing an additional 172 shares during the period. AQR Capital Management LLC’s holdings in Cohen & Steers were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CNS. Wasatch Advisors LP boosted its holdings in shares of Cohen & Steers by 29.1% in the first quarter. Wasatch Advisors LP now owns 3,124,662 shares of the asset manager’s stock valued at $240,255,000 after purchasing an additional 703,999 shares during the period. Vanguard Group Inc. raised its position in Cohen & Steers by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,666,537 shares of the asset manager’s stock valued at $201,937,000 after purchasing an additional 31,525 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Cohen & Steers by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,176,861 shares of the asset manager’s stock valued at $85,390,000 after purchasing an additional 35,905 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Cohen & Steers by 1.1% in the 2nd quarter. Boston Trust Walden Corp now owns 937,797 shares of the asset manager’s stock worth $68,047,000 after buying an additional 9,960 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Cohen & Steers by 20.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 646,835 shares of the asset manager’s stock worth $46,934,000 after buying an additional 111,649 shares in the last quarter. 51.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CNS has been the topic of a number of recent research reports. Evercore ISI raised their price objective on Cohen & Steers from $92.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. UBS Group upgraded shares of Cohen & Steers from a “sell” rating to a “neutral” rating and raised their price target for the company from $63.00 to $102.00 in a report on Thursday.

Cohen & Steers Price Performance

Shares of NYSE:CNS opened at $105.35 on Friday. The business’s 50 day moving average price is $90.81 and its 200-day moving average price is $79.59. Cohen & Steers, Inc. has a 1 year low of $50.05 and a 1 year high of $110.67. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 40.99 and a beta of 1.54.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Cohen & Steers had a return on equity of 34.08% and a net margin of 26.21%. The business had revenue of $133.20 million during the quarter, compared to analysts’ expectations of $124.18 million. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year.

Cohen & Steers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Monday, August 12th. Cohen & Steers’s payout ratio is presently 91.83%.

Insider Activity

In other news, Director Richard P. Simon sold 7,000 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $80.61, for a total transaction of $564,270.00. Following the completion of the transaction, the director now directly owns 15,660 shares in the company, valued at approximately $1,262,352.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Richard P. Simon sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $80.61, for a total value of $564,270.00. Following the transaction, the director now directly owns 15,660 shares in the company, valued at approximately $1,262,352.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Elena Dulik sold 1,100 shares of Cohen & Steers stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $86.45, for a total transaction of $95,095.00. Following the completion of the sale, the chief accounting officer now owns 20,091 shares of the company’s stock, valued at $1,736,866.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,600 shares of company stock valued at $1,710,365. 47.60% of the stock is currently owned by company insiders.

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.