Raymond James Trust N.A. Sells 225 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Raymond James Trust N.A. trimmed its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 4.8% in the third quarter, Holdings Channel.com reports. The fund owned 4,431 shares of the asset manager’s stock after selling 225 shares during the quarter. Raymond James Trust N.A.’s holdings in Cohen & Steers were worth $425,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Signaturefd LLC lifted its stake in Cohen & Steers by 19.8% during the third quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock worth $62,000 after purchasing an additional 107 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Cohen & Steers by 16.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock worth $79,000 after buying an additional 119 shares in the last quarter. Mendel Capital Management LLC lifted its position in shares of Cohen & Steers by 3.3% during the 3rd quarter. Mendel Capital Management LLC now owns 4,495 shares of the asset manager’s stock worth $431,000 after buying an additional 145 shares during the period. AQR Capital Management LLC boosted its stake in Cohen & Steers by 5.5% in the 2nd quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager’s stock valued at $238,000 after buying an additional 172 shares in the last quarter. Finally, Inspire Investing LLC grew its position in Cohen & Steers by 4.0% in the second quarter. Inspire Investing LLC now owns 4,864 shares of the asset manager’s stock valued at $353,000 after acquiring an additional 185 shares during the period. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Price Performance

CNS stock opened at $106.60 on Wednesday. The business has a fifty day moving average price of $98.70 and a 200 day moving average price of $85.48. Cohen & Steers, Inc. has a fifty-two week low of $56.23 and a fifty-two week high of $110.67. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 39.78 and a beta of 1.53.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $133.20 million during the quarter, compared to analyst estimates of $124.18 million. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share.

Cohen & Steers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Monday, November 18th. Cohen & Steers’s dividend payout ratio is presently 88.06%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CNS. UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $63.00 to $102.00 in a report on Thursday, October 17th. Evercore ISI lifted their price target on shares of Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

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.