Gamco Investors INC. ET AL Boosts Holdings in Cohen & Steers Inc $CNS

Gamco Investors INC. ET AL increased its stake in shares of Cohen & Steers Inc (NYSE:CNS) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,095 shares of the asset manager’s stock after acquiring an additional 9,745 shares during the quarter. Gamco Investors INC. ET AL owned about 0.59% of Cohen & Steers worth $18,959,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new position in Cohen & Steers in the fourth quarter valued at $28,000. Geneos Wealth Management Inc. increased its position in shares of Cohen & Steers by 345.3% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock worth $31,000 after purchasing an additional 297 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Cohen & Steers during the fourth quarter worth about $31,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Cohen & Steers by 110.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 299 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Cohen & Steers by 754.9% in the 4th quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 536 shares during the last quarter. 51.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Cohen & Steers news, EVP Daniel Noonan sold 4,360 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total transaction of $337,158.80. Following the completion of the sale, the executive vice president directly owned 28,682 shares of the company’s stock, valued at approximately $2,217,979.06. This trade represents a 13.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 45.40% of the stock is currently owned by corporate insiders.

Cohen & Steers Stock Performance

Shares of Cohen & Steers stock opened at $81.31 on Friday. Cohen & Steers Inc has a 1 year low of $58.39 and a 1 year high of $84.93. The company has a market capitalization of $4.18 billion, a P/E ratio of 24.94, a PEG ratio of 2.01 and a beta of 1.22. The company’s fifty day moving average is $75.83 and its two-hundred day moving average is $69.50.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Thursday, July 16th. The asset manager reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Cohen & Steers had a net margin of 28.82% and a return on equity of 28.03%. The business had revenue of $151.84 million during the quarter, compared to analysts’ expectations of $149.45 million. During the same period in the previous year, the company posted $0.73 earnings per share. Cohen & Steers’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities analysts expect that Cohen & Steers Inc will post 3.59 earnings per share for the current year.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.68 annualized dividend and a yield of 3.3%. Cohen & Steers’s dividend payout ratio is currently 82.21%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CNS. Evercore restated an “outperform” rating and set a $84.00 price target on shares of Cohen & Steers in a research note on Friday, July 10th. Weiss Ratings upgraded Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $76.00.

Cohen & Steers 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).