Cohen & Steers (NYSE:CNS) Sets New 1-Year High at $86.33

Cohen & Steers, Inc. (NYSE:CNS) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $86.33 and last traded at $86.03, with a volume of 206633 shares. The stock had previously closed at $81.00.

Analysts Set New Price Targets

Separately, UBS Group cut their price objective on shares of Cohen & Steers from $65.00 to $63.00 and set a “sell” rating for the company in a report on Wednesday, July 10th.

Cohen & Steers Trading Up 1.2 %

The company’s fifty day moving average is $73.45 and its 200 day moving average is $72.10. The company has a market capitalization of $4.39 billion, a P/E ratio of 33.83 and a beta of 1.53.

Cohen & Steers (NYSE:CNS) last posted its earnings results on Wednesday, July 17th. The asset manager reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. Cohen & Steers had a net margin of 26.27% and a return on equity of 36.67%. The business had revenue of $121.70 million for the quarter, compared to analysts’ expectations of $121.48 million. During the same period in the prior year, the company posted $0.70 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year.

Cohen & Steers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.72%. The ex-dividend date was Friday, May 10th. Cohen & Steers’s dividend payout ratio is presently 91.83%.

Insiders Place Their Bets

In other Cohen & Steers news, EVP Jon Cheigh sold 12,500 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $84.08, for a total value of $1,051,000.00. Following the sale, the executive vice president now directly owns 155,311 shares in the company, valued at approximately $13,058,548.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Jon Cheigh sold 12,500 shares of Cohen & Steers stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $84.08, for a total transaction of $1,051,000.00. Following the completion of the sale, the executive vice president now directly owns 155,311 shares of the company’s stock, valued at approximately $13,058,548.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard P. Simon sold 7,000 shares of Cohen & Steers stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $80.61, for a total transaction of $564,270.00. Following the sale, the director now directly owns 15,660 shares of the company’s stock, valued at $1,262,352.60. The disclosure for this sale can be found here. Insiders have sold 27,759 shares of company stock worth $2,229,894 in the last three months. 47.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Cohen & Steers

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in Cohen & Steers by 20.9% in the second quarter. Bank of New York Mellon Corp now owns 646,835 shares of the asset manager’s stock worth $46,934,000 after purchasing an additional 111,649 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Cohen & Steers in the second quarter worth $958,000. Raymond James & Associates lifted its stake in Cohen & Steers by 3.2% in the second quarter. Raymond James & Associates now owns 259,252 shares of the asset manager’s stock worth $18,811,000 after purchasing an additional 8,086 shares during the last quarter. Boston Trust Walden Corp lifted its stake in Cohen & Steers by 1.1% in the second quarter. Boston Trust Walden Corp now owns 937,797 shares of the asset manager’s stock worth $68,047,000 after purchasing an additional 9,960 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC lifted its stake in Cohen & Steers by 9.8% in the second quarter. Hunter Perkins Capital Management LLC now owns 28,923 shares of the asset manager’s stock worth $2,099,000 after purchasing an additional 2,580 shares during the last quarter. 51.47% of the stock is owned by institutional investors.

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.