Strs Ohio Sells 4,600 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Strs Ohio decreased its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 34.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,700 shares of the asset manager’s stock after selling 4,600 shares during the period. Strs Ohio’s holdings in Cohen & Steers were worth $658,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Victory Capital Management Inc. increased its stake in shares of Cohen & Steers by 2.1% during the third quarter. Victory Capital Management Inc. now owns 1,656,602 shares of the asset manager’s stock valued at $103,852,000 after purchasing an additional 34,229 shares in the last quarter. Copeland Capital Management LLC increased its position in shares of Cohen & Steers by 2.8% during the fourth quarter. Copeland Capital Management LLC now owns 1,048,411 shares of the asset manager’s stock valued at $79,396,000 after acquiring an additional 28,709 shares in the last quarter. Boston Trust Walden Corp increased its position in shares of Cohen & Steers by 0.6% during the fourth quarter. Boston Trust Walden Corp now owns 931,810 shares of the asset manager’s stock valued at $70,566,000 after acquiring an additional 5,450 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Cohen & Steers by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 672,011 shares of the asset manager’s stock valued at $42,128,000 after acquiring an additional 30,924 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Cohen & Steers by 5.7% during the third quarter. Bank of New York Mellon Corp now owns 539,370 shares of the asset manager’s stock valued at $33,813,000 after acquiring an additional 28,966 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group reduced their price target on shares of Cohen & Steers from $69.00 to $67.00 and set a “sell” rating for the company in a research report on Friday, April 12th.

Insiders Place Their Bets

In other Cohen & Steers news, Director Edmond D. Villani sold 4,000 shares of Cohen & Steers stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $72.99, for a total value of $291,960.00. Following the completion of the sale, the director now owns 33,781 shares of the company’s stock, valued at approximately $2,465,675.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Cohen & Steers news, Director Richard P. Simon sold 3,058 shares of Cohen & Steers stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $71.81, for a total value of $219,594.98. Following the completion of the sale, the director now owns 21,915 shares of the company’s stock, valued at approximately $1,573,716.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Edmond D. Villani sold 4,000 shares of Cohen & Steers stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $72.99, for a total transaction of $291,960.00. Following the completion of the sale, the director now directly owns 33,781 shares of the company’s stock, valued at approximately $2,465,675.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,000 shares of company stock valued at $1,009,713. Company insiders own 47.60% of the company’s stock.

Cohen & Steers Stock Down 1.4 %

Shares of CNS opened at $69.79 on Friday. The company has a market capitalization of $3.46 billion, a P/E ratio of 27.16 and a beta of 1.45. The firm has a 50 day moving average of $72.56 and a 200 day moving average of $66.83. Cohen & Steers, Inc. has a twelve month low of $50.05 and a twelve month high of $78.58.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Thursday, April 18th. The asset manager reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.01). Cohen & Steers had a net margin of 26.27% and a return on equity of 36.96%. The firm had revenue of $122.71 million for the quarter, compared to the consensus estimate of $125.01 million. During the same period last year, the business earned $0.76 EPS. Cohen & Steers’s revenue was down 2.7% on a year-over-year basis.

Cohen & Steers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, March 4th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.57. Cohen & Steers’s payout ratio is 91.83%.

Cohen & Steers Company 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.