Cohen & Steers (NYSE:CNS) Stock Rating Cut to Strong Sell at Zacks Research

Cohen & Steers (NYSE:CNS) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday, Zacks reports.

Several other analysts have also issued reports on the company. Evercore reiterated an “outperform” rating and set a $88.00 target price on shares of Cohen & Steers in a report on Monday, August 10th. Weiss Ratings raised Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $88.00.

Cohen & Steers Price Performance

CNS stock traded up $0.41 during trading hours on Thursday, reaching $69.39. 676,767 shares of the stock were exchanged, compared to its average volume of 323,800. The firm’s 50-day moving average is $76.66 and its 200-day moving average is $74.62. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.94 and a beta of 1.22. Cohen & Steers has a 12 month low of $58.39 and a 12 month high of $86.56.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Thursday, October 15th. The asset manager reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. The firm had revenue of $156.41 million for the quarter, compared to the consensus estimate of $155.12 million. Cohen & Steers had a return on equity of 27.45% and a net margin of 28.16%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. As a group, equities research analysts forecast that Cohen & Steers will post 3.48 earnings per share for the current year.

Insider Transactions at Cohen & Steers

In other news, CAO Elena Dulik sold 1,100 shares of Cohen & Steers stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $83.16, for a total transaction of $91,476.00. Following the completion of the transaction, the chief accounting officer directly owned 22,146 shares in the company, valued at $1,841,661.36. This trade represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 45.40% of the company’s stock.

Hedge Funds Weigh In On Cohen & Steers

Several institutional investors have recently added to or reduced their stakes in CNS. Assenagon Asset Management S.A. raised its holdings in Cohen & Steers by 582.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 450,099 shares of the asset manager’s stock valued at $32,907,000 after acquiring an additional 384,155 shares during the period. Moody National Bank Trust Division boosted its position in shares of Cohen & Steers by 8.1% during the 3rd quarter. Moody National Bank Trust Division now owns 18,938 shares of the asset manager’s stock valued at $1,385,000 after acquiring an additional 1,417 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Cohen & Steers by 4.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,695 shares of the asset manager’s stock worth $586,000 after buying an additional 358 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Cohen & Steers in the second quarter valued at $209,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Cohen & Steers in the second quarter worth approximately $195,000. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers News Summary

Here are the key news stories impacting Cohen & Steers this week:

• Positive Sentiment: Revenue exceeded estimates and increased year over year. Cohen & Steers reported third-quarter revenue of approximately $156.4 million to $157.4 million, ahead of the roughly $155.1 million consensus forecast. Revenue rose 11.1% from the prior-year quarter, supporting the view that the asset manager continues to benefit from business growth. Cohen & Steers Q3 revenue report
• Positive Sentiment: Strong inflows were a key catalyst. Reports characterized the quarter as benefiting from robust investment inflows, which can increase assets under management and support recurring fee revenue. Investors also received details during the company’s earnings call about operating trends and the outlook. Cohen & Steers strong inflows report
• Positive Sentiment: Profitability and cash generation remained healthy. The company reported $0.89 in adjusted earnings per share, matching consensus and rising from $0.81 a year earlier. Net margin was 28.82%, return on equity was 27.41%, and operating cash flow was reported at $67.4 million. Cohen & Steers earnings report
• Neutral Sentiment: The earnings result was a mixed beat. Revenue surpassed expectations, but EPS only met estimates, limiting the size of the fundamental upside. One third-party report cited diluted EPS of $0.81, conflicting with other coverage that reported $0.89; investors may await the company’s filings for clarification. Cohen & Steers mixed Q3 results report
• Negative Sentiment: Insider selling and valuation concerns could restrain gains. Recent disclosures showed several executives selling shares, while analysis argued CNS still had a potential fair-value gap despite the post-earnings advance. The stock also remains below its 50-day and 200-day moving averages, signaling lingering technical weakness. Cohen & Steers fair value analysis

Cohen & Steers Company Profile

Cohen & Steers, Inc is a global investment management company specializing in listed real assets and alternative income. The firm manages portfolios focused on areas such as real estate securities, infrastructure, natural resource equities, commodities, preferred securities and other income-oriented investments.

Its investment solutions are offered through mutual funds, exchange-traded funds, closed-end funds, institutional accounts and separately managed accounts. Cohen & Steers serves a range of clients, including institutional investors, financial advisers and individual investors, with strategies covering markets in the United States and internationally.

Founded in 1986 by Martin Cohen and Robert Steers, the company is headquartered in New York City and maintains an international presence to support its global investment activities.