Nationwide Fund Advisors boosted its stake in shares of Cohen & Steers Inc. (NYSE:CNS) by 27.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,251 shares of the company’s stock after buying an additional 12,182 shares during the period. Nationwide Fund Advisors owned approximately 0.12% of Cohen & Steers worth $2,315,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. increased its position in Cohen & Steers by 3.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 584,132 shares of the company’s stock valued at $22,734,000 after buying an additional 19,425 shares in the last quarter. Renaissance Technologies LLC increased its position in Cohen & Steers by 6.0% in the first quarter. Renaissance Technologies LLC now owns 536,200 shares of the company’s stock valued at $20,869,000 after buying an additional 30,300 shares in the last quarter. Royce & Associates LP increased its position in Cohen & Steers by 17.5% in the first quarter. Royce & Associates LP now owns 335,337 shares of the company’s stock valued at $13,051,000 after buying an additional 50,000 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Cohen & Steers during the second quarter valued at approximately $13,173,000. Finally, Goldman Sachs Group Inc. increased its position in Cohen & Steers by 286.4% in the first quarter. Goldman Sachs Group Inc. now owns 176,630 shares of the company’s stock valued at $6,875,000 after buying an additional 130,920 shares in the last quarter. 44.35% of the stock is owned by hedge funds and other institutional investors.
Shares of Cohen & Steers Inc. (NYSE:CNS) traded down 1.19% during mid-day trading on Wednesday, hitting $39.15. The company’s stock had a trading volume of 52,565 shares. The company has a market cap of $1.80 billion, a PE ratio of 26.60 and a beta of 1.12. The stock has a 50-day moving average of $42.20 and a 200-day moving average of $40.77. Cohen & Steers Inc. has a 12-month low of $25.84 and a 12-month high of $43.83.
Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.03. Cohen & Steers had a net margin of 20.12% and a return on equity of 30.80%. The business earned $86.40 million during the quarter, compared to analysts’ expectations of $86.12 million. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Cohen & Steers Inc. will post $1.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, September 1st were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.62%. Cohen & Steers’s dividend payout ratio (DPR) is presently 73.24%.
CNS has been the subject of several recent research reports. Credit Suisse Group AG set a $42.00 price objective on Cohen & Steers and gave the company a “hold” rating in a research note on Sunday, September 18th. Zacks Investment Research downgraded Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.25.
Cohen & Steers Company Profile
Cohen & Steers, Inc is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors around the world.
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