Cohen & Steers Inc (CNS) Position Raised by Strs Ohio

Strs Ohio lifted its stake in shares of Cohen & Steers Inc (NYSE:CNS) by 7.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,000 shares of the asset manager’s stock after purchasing an additional 1,500 shares during the quarter. Strs Ohio’s holdings in Cohen & Steers were worth $829,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Alps Advisors Inc. raised its stake in shares of Cohen & Steers by 0.3% during the second quarter. Alps Advisors Inc. now owns 12,927 shares of the asset manager’s stock valued at $524,000 after purchasing an additional 33 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Cohen & Steers by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,228 shares of the asset manager’s stock worth $699,000 after acquiring an additional 197 shares in the last quarter. Naples Global Advisors LLC raised its position in Cohen & Steers by 5.0% in the second quarter. Naples Global Advisors LLC now owns 6,870 shares of the asset manager’s stock worth $279,000 after acquiring an additional 325 shares in the last quarter. Principal Financial Group Inc. raised its position in Cohen & Steers by 5.8% in the first quarter. Principal Financial Group Inc. now owns 10,046 shares of the asset manager’s stock worth $402,000 after acquiring an additional 552 shares in the last quarter. Finally, American International Group Inc. raised its position in Cohen & Steers by 7.1% in the first quarter. American International Group Inc. now owns 12,869 shares of the asset manager’s stock worth $514,000 after acquiring an additional 855 shares in the last quarter. Institutional investors and hedge funds own 45.95% of the company’s stock.

Shares of Cohen & Steers Inc (NYSE:CNS) opened at $43.70 on Monday. The company has a market cap of $2,023.45, a PE ratio of 21.85, a price-to-earnings-growth ratio of 2.55 and a beta of 1.61. Cohen & Steers Inc has a 1 year low of $33.16 and a 1 year high of $45.50.

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

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CNS has been the topic of several research reports. Zacks Investment Research upgraded shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Monday, September 18th. BidaskClub upgraded shares of Cohen & Steers from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 price target on shares of Cohen & Steers in a research report on Friday, October 20th. Credit Suisse Group boosted their price target on shares of Cohen & Steers from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, October 20th. Finally, Bank of America Corporation boosted their price target on shares of Cohen & Steers from $35.00 to $38.00 and gave the stock an “underperform” rating in a research report on Friday, October 20th. Two equities research 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’s stock. Cohen & Steers has an average rating of “Hold” and a consensus price target of $43.60.

In related news, insider John Todd Glickson sold 6,700 shares of Cohen & Steers stock in a transaction dated 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 owns 36,738 shares of the company’s stock, valued at approximately $1,459,233.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 52.90% of the company’s stock.

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

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