Bbva Compass Bancshares Inc. trimmed its position in shares of Cohen & Steers Inc (NYSE:CNS) by 18.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,677 shares of the asset manager’s stock after selling 1,969 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Cohen & Steers were worth $342,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Cohen & Steers during the 1st quarter valued at $103,000. Acadian Asset Management LLC bought a new stake in shares of Cohen & Steers during the 2nd quarter valued at $140,000. BNP Paribas Arbitrage SA raised its position in shares of Cohen & Steers by 545.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,617 shares of the asset manager’s stock valued at $147,000 after purchasing an additional 3,057 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Cohen & Steers during the 2nd quarter valued at $183,000. Finally, Prudential Financial Inc. bought a new stake in shares of Cohen & Steers during the 1st quarter valued at $205,000. Hedge funds and other institutional investors own 45.95% of the company’s stock.
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Cohen & Steers Inc (NYSE CNS) opened at $43.70 on Monday. The firm has a market cap of $2,023.45, a price-to-earnings ratio of 21.85, a P/E/G ratio of 2.55 and a beta of 1.61. Cohen & Steers Inc has a 52 week low of $33.16 and a 52 week high of $45.50.
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, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $96.40 million during the quarter, compared to analysts’ expectations of $95.76 million. Cohen & Steers had a net margin of 26.53% and a return on equity of 33.78%. Cohen & Steers’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. analysts predict that Cohen & Steers Inc will post 2.06 EPS for the current fiscal year.
CNS has been the topic of several recent analyst reports. Credit Suisse Group raised their price objective on shares of Cohen & Steers from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 price objective on shares of Cohen & Steers in a research report on Friday, October 20th. Zacks Investment Research downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Bank of America Corporation raised their price objective on shares of Cohen & Steers from $35.00 to $38.00 and gave the company an “underperform” rating in a research report on Friday, October 20th. Finally, BidaskClub downgraded shares of Cohen & Steers from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. 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 stock. The company has an average rating of “Hold” and an average price target of $43.60.
In related news, insider John Todd Glickson sold 6,700 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $39.72, for a total transaction of $266,124.00. Following the completion of the transaction, the insider now directly owns 36,738 shares of the company’s stock, valued at $1,459,233.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 52.90% of the company’s stock.
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.
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