Cohen & Steers, Inc. (NYSE:CNS)‘s stock had its “hold” rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday. They presently have a $45.00 price objective on the asset manager’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 2.32% from the company’s previous close.
Several other equities research analysts have also weighed in on CNS. BidaskClub lowered shares of Cohen & Steers from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Zacks Investment Research raised shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday, October 10th. Credit Suisse Group increased their price objective on shares of Cohen & Steers from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Bank of America Corporation increased their price objective on shares of Cohen & Steers from $35.00 to $38.00 and gave the stock an “underperform” rating in a report on Friday. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Cohen & Steers currently has a consensus rating of “Hold” and a consensus price target of $43.60.
Cohen & Steers (CNS) opened at 43.98 on Friday. Cohen & Steers has a 1-year low of $33.16 and a 1-year high of $45.50. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 21.36 and a beta of 1.61. The firm’s 50-day moving average is $39.63 and its 200-day moving average is $39.95.
Cohen & Steers (NYSE:CNS) last posted its earnings results on Wednesday, October 18th. The asset manager reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $96.40 million during the quarter, compared to the consensus estimate of $95.76 million. During the same period in the previous year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Cohen & Steers will post $2.03 EPS for the current year.
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In other Cohen & Steers news, insider John Todd Glickson sold 6,700 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $39.72, for a total transaction of $266,124.00. Following the sale, the insider now owns 36,738 shares of the company’s stock, valued at approximately $1,459,233.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 52.90% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of CNS. Janus Henderson Group PLC bought a new stake in Cohen & Steers during the 2nd quarter worth about $47,933,000. FMR LLC bought a new position in shares of Cohen & Steers in the 2nd quarter valued at about $4,354,000. Global Thematic Partners LLC boosted its stake in shares of Cohen & Steers by 17.3% in the 2nd quarter. Global Thematic Partners LLC now owns 637,519 shares of the asset manager’s stock valued at $25,845,000 after purchasing an additional 93,983 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Cohen & Steers by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 1,699,085 shares of the asset manager’s stock valued at $67,912,000 after purchasing an additional 83,294 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Cohen & Steers by 13.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 640,425 shares of the asset manager’s stock valued at $25,963,000 after purchasing an additional 75,497 shares during the last quarter. 45.36% of the stock is currently owned by hedge funds and other institutional investors.
About Cohen & Steers
Cohen & Steers, Inc (CNS) 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.
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