Cohen & Steers (NYSE:CNS) Director Martin Cohen Buys 50,000 Shares of Stock

Cohen & Steers Inc (NYSE:CNS) Director Martin Cohen acquired 50,000 shares of Cohen & Steers stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average cost of $59.69 per share, with a total value of $2,984,500.00. Following the completion of the acquisition, the director owned 899,205 shares of the company’s stock, valued at $53,673,546.45. The trade was a 5.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Martin Cohen also recently made the following trade(s):

• On Thursday, November 20th, Martin Cohen bought 12,708 shares of Cohen & Steers stock. The shares were bought at an average price of $60.83 per share, for a total transaction of $773,027.64.
• On Wednesday, November 19th, Martin Cohen purchased 37,292 shares of Cohen & Steers stock. The shares were purchased at an average cost of $59.66 per share, for a total transaction of $2,224,840.72.

Cohen & Steers Stock Down 0.3%

Shares of NYSE:CNS opened at $59.40 on Friday. Cohen & Steers Inc has a 52 week low of $58.80 and a 52 week high of $107.31. The business has a fifty day simple moving average of $67.18 and a 200-day simple moving average of $72.86. The company has a market cap of $3.03 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.81 and a beta of 1.40.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Thursday, October 16th. The asset manager reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. The firm had revenue of $140.94 million for the quarter, compared to analysts’ expectations of $138.84 million. Cohen & Steers had a return on equity of 29.92% and a net margin of 29.73%.The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share.

Cohen & Steers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 10th were paid a $0.62 dividend. The ex-dividend date was Monday, November 10th. This represents a $2.48 annualized dividend and a dividend yield of 4.2%. Cohen & Steers’s dividend payout ratio is 77.74%.

Analysts Set New Price Targets

Several analysts recently issued reports on CNS shares. 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cohen & Steers in a research report on Wednesday, October 8th. Finally, Evercore ISI boosted their price objective on Cohen & Steers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $72.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Cohen & Steers during the 1st quarter worth $584,000. Royce & Associates LP grew its position in Cohen & Steers by 65.0% in the 1st quarter. Royce & Associates LP now owns 15,886 shares of the asset manager’s stock worth $1,275,000 after purchasing an additional 6,258 shares during the last quarter. XTX Topco Ltd increased its stake in Cohen & Steers by 184.3% during the first quarter. XTX Topco Ltd now owns 9,281 shares of the asset manager’s stock valued at $745,000 after acquiring an additional 6,016 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Cohen & Steers in the first quarter valued at $707,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Cohen & Steers during the 1st quarter worth about $110,000. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Company Profile

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.