Elena Dulik Sells 1,000 Shares of Cohen & Steers, Inc. (NYSE:CNS) Stock

Cohen & Steers, Inc. (NYSE:CNS) CAO Elena Dulik sold 1,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $54.54, for a total value of $54,540.00. Following the completion of the transaction, the chief accounting officer now owns 18,478 shares in the company, valued at $1,007,790.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

CNS traded down $1.05 during mid-day trading on Friday, reaching $53.71. The stock had a trading volume of 241,702 shares, compared to its average volume of 161,551. The stock has a market capitalization of $2.49 billion, a P/E ratio of 22.38, a P/E/G ratio of 3.58 and a beta of 0.92. The firm’s fifty day simple moving average is $52.77 and its two-hundred day simple moving average is $49.02. Cohen & Steers, Inc. has a 52 week low of $32.95 and a 52 week high of $55.50.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, July 17th. The asset manager reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.01). The firm had revenue of $101.80 million during the quarter, compared to the consensus estimate of $102.17 million. Cohen & Steers had a net margin of 30.97% and a return on equity of 43.94%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.59 earnings per share. On average, equities analysts expect that Cohen & Steers, Inc. will post 2.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Monday, August 12th were given a $0.36 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.44 dividend on an annualized basis and a yield of 2.68%. Cohen & Steers’s payout ratio is 60.00%.

Several large investors have recently bought and sold shares of the company. Cresset Asset Management LLC boosted its position in shares of Cohen & Steers by 219.5% in the 2nd quarter. Cresset Asset Management LLC now owns 4,920 shares of the asset manager’s stock worth $253,000 after purchasing an additional 3,380 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Cohen & Steers by 53.4% in the 2nd quarter. Royal Bank of Canada now owns 7,846 shares of the asset manager’s stock worth $404,000 after purchasing an additional 2,730 shares during the last quarter. United Services Automobile Association bought a new position in shares of Cohen & Steers in the 2nd quarter worth $356,000. Susquehanna International Group LLP bought a new position in shares of Cohen & Steers in the 2nd quarter worth $1,040,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Cohen & Steers in the 2nd quarter worth $201,000. Institutional investors and hedge funds own 47.16% of the company’s stock.

CNS has been the topic of a number of recent research reports. ValuEngine lowered Cohen & Steers from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded Cohen & Steers from a “sell” rating to a “hold” rating and set a $57.00 price objective on the stock in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $45.00.

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.

Further Reading: Overbought

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