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.
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
Receive News & Ratings for Cohen & Steers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohen & Steers and related companies with MarketBeat.com's FREE daily email newsletter.