Consolidated Planning Corp Makes New $517,000 Investment in Cohen & Steers, Inc. (NYSE:CNS)

Consolidated Planning Corp acquired a new position in Cohen & Steers, Inc. (NYSE:CNS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,601 shares of the asset manager’s stock, valued at approximately $517,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CNS. AQR Capital Management LLC raised its position in shares of Cohen & Steers by 5.5% in the second quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager’s stock valued at $238,000 after purchasing an additional 172 shares during the period. SG Americas Securities LLC raised its position in shares of Cohen & Steers by 207.5% in the third quarter. SG Americas Securities LLC now owns 4,286 shares of the asset manager’s stock valued at $411,000 after purchasing an additional 2,892 shares during the period. GAMMA Investing LLC raised its position in shares of Cohen & Steers by 64.9% in the third quarter. GAMMA Investing LLC now owns 610 shares of the asset manager’s stock valued at $59,000 after purchasing an additional 240 shares during the period. Creative Planning raised its position in shares of Cohen & Steers by 54.1% in the third quarter. Creative Planning now owns 18,396 shares of the asset manager’s stock valued at $1,765,000 after purchasing an additional 6,456 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Cohen & Steers in the third quarter valued at approximately $125,000. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Trading Down 3.0 %

Cohen & Steers stock opened at $83.65 on Thursday. The firm’s 50 day simple moving average is $91.28 and its 200 day simple moving average is $93.18. The firm has a market capitalization of $4.23 billion, a PE ratio of 28.16 and a beta of 1.56. Cohen & Steers, Inc. has a 1-year low of $64.13 and a 1-year high of $110.67.

Cohen & Steers (NYSE:CNS) last posted its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%.

Wall Street Analysts Forecast Growth

CNS has been the topic of several research reports. UBS Group raised shares of Cohen & Steers from a “sell” rating to a “neutral” rating and boosted their price target for the company from $63.00 to $102.00 in a research report on Thursday, October 17th. Evercore ISI boosted their price target on shares of Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

About Cohen & Steers

Cohen & Steers, Inc is a holding company which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.