Ashton Thomas Securities LLC Takes $31,000 Position in Cohen & Steers, Inc. (NYSE:CNS)

Ashton Thomas Securities LLC acquired a new position in Cohen & Steers, Inc. (NYSE:CNS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 328 shares of the asset manager’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of Cohen & Steers by 115.1% during the 2nd quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock worth $27,000 after purchasing an additional 198 shares during the last quarter. Signaturefd LLC increased its position 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 buying an additional 107 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Cohen & Steers by 16.9% during the third quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock valued at $79,000 after buying an additional 119 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Cohen & Steers in the third quarter worth about $125,000. Finally, Covestor Ltd boosted its stake in shares of Cohen & Steers by 1,172.2% during the 3rd quarter. Covestor Ltd now owns 1,603 shares of the asset manager’s stock worth $154,000 after acquiring an additional 1,477 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Evercore ISI raised their price objective on Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group upgraded shares of Cohen & Steers from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $63.00 to $102.00 in a research note on Thursday, October 17th.

Cohen & Steers Stock Performance

NYSE CNS opened at $100.72 on Friday. The stock has a 50-day simple moving average of $97.04 and a 200 day simple moving average of $83.79. Cohen & Steers, Inc. has a twelve month low of $56.04 and a twelve month high of $110.67. The stock has a market capitalization of $5.09 billion, a PE ratio of 37.58 and a beta of 1.53.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, topping 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 company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 earnings per share.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a $0.59 dividend. The ex-dividend date is Monday, November 18th. This represents a $2.36 annualized dividend and a yield of 2.34%. Cohen & Steers’s dividend payout ratio is 88.06%.

Cohen & Steers 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.