Cohen & Steers Inc (CNS) Holdings Raised by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC boosted its holdings in shares of Cohen & Steers Inc (NYSE:CNS) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,525 shares of the asset manager’s stock after acquiring an additional 1,515 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.12% of Cohen & Steers worth $2,332,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Wells Fargo & Company MN increased its stake in Cohen & Steers by 8.7% during the second quarter. Wells Fargo & Company MN now owns 61,464 shares of the asset manager’s stock worth $2,492,000 after acquiring an additional 4,908 shares during the last quarter. Synovus Financial Corp increased its stake in Cohen & Steers by 24.7% during the second quarter. Synovus Financial Corp now owns 25,024 shares of the asset manager’s stock worth $1,012,000 after acquiring an additional 4,961 shares during the last quarter. Scout Investments Inc. increased its stake in Cohen & Steers by 3.9% during the second quarter. Scout Investments Inc. now owns 108,401 shares of the asset manager’s stock worth $4,395,000 after acquiring an additional 4,075 shares during the last quarter. Principal Financial Group Inc. increased its stake in Cohen & Steers by 149.8% during the second quarter. Principal Financial Group Inc. now owns 25,097 shares of the asset manager’s stock worth $1,017,000 after acquiring an additional 15,051 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Cohen & Steers by 29.4% during the second quarter. Prudential Financial Inc. now owns 6,640 shares of the asset manager’s stock worth $269,000 after acquiring an additional 1,510 shares during the last quarter. 45.93% of the stock is owned by institutional investors.

In related news, insider John Todd Glickson sold 6,700 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $39.72, for a total value of $266,124.00. Following the transaction, the insider now directly owns 36,738 shares of the company’s stock, valued at approximately $1,459,233.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 52.90% of the company’s stock.

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Shares of Cohen & Steers Inc (NYSE:CNS) opened at 43.64 on Monday. The stock has a 50 day moving average price of $40.28 and a 200-day moving average price of $40.10. Cohen & Steers Inc has a 52 week low of $33.16 and a 52 week high of $45.50. The firm has a market capitalization of $2.02 billion, a PE ratio of 21.19 and a beta of 1.61.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, October 18th. The asset manager reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The business had revenue of $96.40 million for the quarter, compared to analyst estimates of $95.76 million. Cohen & Steers had a return on equity of 33.78% and a net margin of 26.53%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. Equities analysts anticipate that Cohen & Steers Inc will post $2.06 earnings per share for the current year.

Several equities research analysts have issued reports on the company. Zacks Investment Research raised Cohen & Steers from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Monday, September 18th. BidaskClub cut Cohen & Steers from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Bank of America Corporation raised their target price on Cohen & Steers from $35.00 to $38.00 and gave the stock an “underperform” rating in a research note on Friday, October 20th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 target price on shares of Cohen & Steers in a research note on Friday, October 20th. Finally, Credit Suisse Group raised their target price on Cohen & Steers from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Cohen & Steers presently has an average rating of “Hold” and an average price target of $43.60.

Cohen & Steers Company Profile

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.

Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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