Boston Trust Walden Corp Acquires 11,464 Shares of Cohen & Steers Inc $CNS

Boston Trust Walden Corp lifted its holdings in Cohen & Steers Inc (NYSE:CNS) by 1.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 922,895 shares of the asset manager’s stock after acquiring an additional 11,464 shares during the quarter. Boston Trust Walden Corp’s holdings in Cohen & Steers were worth $69,540,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cohen & Steers by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,058,309 shares of the asset manager’s stock worth $84,929,000 after acquiring an additional 53,876 shares during the last quarter. Northern Trust Corp raised its holdings in Cohen & Steers by 3.5% during the 1st quarter. Northern Trust Corp now owns 377,962 shares of the asset manager’s stock valued at $30,331,000 after buying an additional 12,812 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Cohen & Steers by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 133,860 shares of the asset manager’s stock valued at $10,742,000 after buying an additional 3,035 shares during the last quarter. Millennium Management LLC raised its holdings in Cohen & Steers by 485.1% during the 1st quarter. Millennium Management LLC now owns 93,175 shares of the asset manager’s stock valued at $7,477,000 after buying an additional 77,251 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Cohen & Steers during the 1st quarter valued at $7,222,000. 51.47% of the stock is currently owned by institutional investors.

Cohen & Steers Trading Up 0.9%

Shares of NYSE CNS opened at $66.74 on Tuesday. Cohen & Steers Inc has a 12 month low of $64.29 and a 12 month high of $110.67. The firm has a market capitalization of $3.40 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 2.04 and a beta of 1.38. The firm has a fifty day simple moving average of $70.87 and a two-hundred day simple moving average of $74.47.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Thursday, July 17th. The asset manager reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Cohen & Steers had a return on equity of 29.95% and a net margin of 29.82%.The company had revenue of $135.32 million during the quarter, compared to the consensus estimate of $134.59 million. During the same quarter last year, the company posted $0.68 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Monday, August 11th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, August 11th. Cohen & Steers’s dividend payout ratio (DPR) is presently 78.73%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CNS. Evercore ISI lowered their price target on shares of Cohen & Steers from $77.00 to $74.00 and set an “outperform” rating for the company in a report on Thursday, October 9th. Bank of America upped their price target on shares of Cohen & Steers from $66.00 to $68.00 and gave the company an “underperform” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cohen & Steers in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $81.33.

About Cohen & Steers

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.