Quantbot Technologies LP Acquires Shares of 7,446 Cohen & Steers Inc $CNS

Quantbot Technologies LP purchased a new stake in shares of Cohen & Steers Inc (NYSE:CNS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,446 shares of the asset manager’s stock, valued at approximately $567,000.

A number of other large investors have also recently modified their holdings of CNS. Royal Bank of Canada increased its holdings in Cohen & Steers by 2.0% during the 1st quarter. Royal Bank of Canada now owns 51,397 shares of the asset manager’s stock worth $4,124,000 after purchasing an additional 1,003 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Cohen & Steers by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,367 shares of the asset manager’s stock worth $1,313,000 after buying an additional 716 shares in the last quarter. Millennium Management LLC grew its position in shares of Cohen & Steers by 485.1% during the 1st quarter. Millennium Management LLC now owns 93,175 shares of the asset manager’s stock worth $7,477,000 after buying an additional 77,251 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Cohen & Steers during the first quarter valued at $172,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Cohen & Steers by 3.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,742 shares of the asset manager’s stock valued at $5,838,000 after buying an additional 2,155 shares during the period. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Insider Transactions at Cohen & Steers

In other Cohen & Steers news, CAO Elena Dulik sold 1,100 shares of the 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 sale, the chief accounting officer directly owned 22,146 shares of the company’s stock, valued at approximately $1,841,661.36. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel Noonan sold 4,360 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $77.33, for a total transaction of $337,158.80. Following the sale, the executive vice president directly owned 28,682 shares of the company’s stock, valued at approximately $2,217,979.06. The trade was a 13.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 45.40% of the company’s stock.

Cohen & Steers Trading Down 0.7%

Shares of NYSE CNS opened at $82.78 on Friday. The stock has a market capitalization of $4.26 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21. The stock’s fifty day simple moving average is $80.58 and its two-hundred day simple moving average is $72.36. Cohen & Steers Inc 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, July 16th. The asset manager reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $151.84 million during the quarter, compared to the consensus estimate of $149.45 million. Cohen & Steers had a return on equity of 27.41% and a net margin of 28.82%.The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 earnings per share. On average, equities analysts predict that Cohen & Steers Inc will post 3.53 earnings per share for the current fiscal year.

Cohen & Steers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.2%. The ex-dividend date was Monday, August 10th. Cohen & Steers’s payout ratio is 82.21%.

Analysts Set New Price Targets

A number of analysts recently weighed in on CNS shares. Evercore reaffirmed an “outperform” rating and issued a $88.00 price objective on shares of Cohen & Steers in a research note on Monday, August 10th. Weiss Ratings raised shares of Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $78.00.

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).