Personal Capital Advisors Corp lifted its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 63,360 shares of the asset manager’s stock after purchasing an additional 540 shares during the period. Personal Capital Advisors Corp owned about 0.14% of Cohen & Steers worth $2,175,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of Cohen & Steers in the 3rd quarter worth approximately $108,000. Janus Henderson Group PLC lifted its position in Cohen & Steers by 5.8% during the third quarter. Janus Henderson Group PLC now owns 1,438,130 shares of the asset manager’s stock valued at $58,402,000 after acquiring an additional 78,322 shares during the last quarter. Wells Fargo & Company MN lifted its position in Cohen & Steers by 7.8% during the third quarter. Wells Fargo & Company MN now owns 119,087 shares of the asset manager’s stock valued at $4,835,000 after acquiring an additional 8,573 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Cohen & Steers by 15.3% during the second quarter. Bank of New York Mellon Corp now owns 798,928 shares of the asset manager’s stock valued at $33,324,000 after acquiring an additional 105,870 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Cohen & Steers by 13.7% during the second quarter. BlackRock Inc. now owns 1,599,612 shares of the asset manager’s stock valued at $66,721,000 after acquiring an additional 192,512 shares during the last quarter. 48.52% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on CNS. ValuEngine raised shares of Cohen & Steers from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research cut shares of Cohen & Steers from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Cohen & Steers currently has an average rating of “Hold” and a consensus price target of $41.33.
NYSE:CNS opened at $36.22 on Friday. Cohen & Steers, Inc. has a 52 week low of $32.95 and a 52 week high of $46.06. The company has a market cap of $1.68 billion, a P/E ratio of 17.50, a PEG ratio of 2.02 and a beta of 1.05.
Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Wednesday, October 17th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. The business had revenue of $98.30 million during the quarter, compared to analysts’ expectations of $99.05 million. Cohen & Steers had a net margin of 28.13% and a return on equity of 38.16%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $0.55 earnings per share. As a group, equities analysts forecast that Cohen & Steers, Inc. will post 2.45 EPS for the current fiscal year.
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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.
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