Cohen & Steers, Inc. (NYSE:CNS) Holdings Reduced by Bamco Inc. NY

Bamco Inc. NY cut its stake in Cohen & Steers, Inc. (NYSE:CNS) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,009,504 shares of the asset manager’s stock after selling 33,531 shares during the period. Bamco Inc. NY owned approximately 3.97% of Cohen & Steers worth $192,812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Cohen & Steers by 10.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 9,400 shares of the asset manager’s stock valued at $723,000 after purchasing an additional 883 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Cohen & Steers by 6.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,220 shares of the asset manager’s stock worth $1,248,000 after buying an additional 941 shares in the last quarter. GAMMA Investing LLC boosted its position in Cohen & Steers by 115.1% during the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 198 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Cohen & Steers by 292.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 12,236 shares of the asset manager’s stock valued at $888,000 after buying an additional 9,119 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC grew its position in Cohen & Steers by 9.8% in the second quarter. Hunter Perkins Capital Management LLC now owns 28,923 shares of the asset manager’s stock worth $2,099,000 after acquiring an additional 2,580 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Trading Up 0.0 %

Shares of CNS stock opened at $104.66 on Monday. Cohen & Steers, Inc. has a 12 month low of $58.18 and a 12 month high of $110.67. The company has a market capitalization of $5.29 billion, a P/E ratio of 39.05 and a beta of 1.53. The stock has a 50 day moving average of $99.46 and a two-hundred day moving average of $86.34.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. The firm had revenue of $133.20 million during the quarter, compared to analysts’ expectations of $124.18 million. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. Cohen & Steers’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $0.70 earnings per share.

Cohen & Steers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $0.59 dividend. The ex-dividend date is Monday, November 18th. This represents a $2.36 dividend on an annualized basis and a yield of 2.25%. Cohen & Steers’s payout ratio is currently 88.06%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. UBS Group upgraded Cohen & Steers from a “sell” rating to a “neutral” rating and upped their price target for the stock from $63.00 to $102.00 in a research note on Thursday, October 17th. Evercore ISI raised their price target on shares of Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

About Cohen & Steers

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.