Cohen & Steers (NYSE:CNS) PT Raised to $96.00

Cohen & Steers (NYSE:CNS) had its price objective raised by stock analysts at Evercore ISI from $92.00 to $96.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the asset manager’s stock. Evercore ISI’s price objective indicates a potential upside of 1.84% from the company’s current price.

Separately, UBS Group dropped their price objective on shares of Cohen & Steers from $65.00 to $63.00 and set a “sell” rating for the company in a research note on Wednesday, July 10th.

Cohen & Steers Trading Up 2.0 %

Shares of CNS stock opened at $94.27 on Friday. Cohen & Steers has a 12 month low of $50.05 and a 12 month high of $97.57. The company has a market capitalization of $4.76 billion, a P/E ratio of 36.68 and a beta of 1.54. The stock has a 50 day moving average of $88.58 and a two-hundred day moving average of $78.28.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, July 17th. The asset manager reported $0.68 EPS for the quarter. The business had revenue of $121.70 million during the quarter, compared to analyst estimates of $121.48 million. Cohen & Steers had a return on equity of 34.08% and a net margin of 26.21%. Cohen & Steers’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share.

Insider Transactions at Cohen & Steers

In related news, Director Richard P. Simon sold 7,000 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $80.61, for a total value of $564,270.00. Following the sale, the director now owns 15,660 shares of the company’s stock, valued at $1,262,352.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Richard P. Simon sold 7,000 shares of Cohen & Steers stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $80.61, for a total transaction of $564,270.00. Following the completion of the transaction, the director now directly owns 15,660 shares of the company’s stock, valued at $1,262,352.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jon Cheigh sold 12,500 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $84.08, for a total transaction of $1,051,000.00. Following the completion of the transaction, the executive vice president now owns 155,311 shares in the company, valued at approximately $13,058,548.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,600 shares of company stock valued at $1,710,365. Corporate insiders own 47.60% of the company’s stock.

Institutional Investors Weigh In On Cohen & Steers

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in Cohen & Steers by 115.1% in the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock worth $27,000 after purchasing an additional 198 shares in the last quarter. Garner Asset Management Corp bought a new position in shares of Cohen & Steers in the fourth quarter valued at about $84,000. Meeder Asset Management Inc. acquired a new position in Cohen & Steers during the 2nd quarter worth about $161,000. Central Pacific Bank Trust Division bought a new stake in Cohen & Steers during the 1st quarter worth about $224,000. Finally, AQR Capital Management LLC increased its position in Cohen & Steers by 5.5% in the 2nd quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager’s stock valued at $238,000 after acquiring an additional 172 shares in the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

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.