Cohen & Steers, Inc. (NYSE:CNS) Shares Acquired by Inspire Advisors LLC

Inspire Advisors LLC increased its position in Cohen & Steers, Inc. (NYSE:CNS) by 1.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 11,337 shares of the asset manager’s stock after purchasing an additional 210 shares during the period. Inspire Advisors LLC’s holdings in Cohen & Steers were worth $823,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Cohen & Steers by 115.1% in the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock valued at $27,000 after buying an additional 198 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Cohen & Steers in the 4th quarter valued at $28,000. Garner Asset Management Corp purchased a new stake in Cohen & Steers in the 4th quarter valued at $84,000. Meeder Asset Management Inc. acquired a new stake in Cohen & Steers during the 2nd quarter worth $161,000. Finally, Beacon Pointe Advisors LLC purchased a new position in Cohen & Steers during the 4th quarter worth $209,000. 51.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group decreased their price objective on Cohen & Steers from $65.00 to $63.00 and set a “sell” rating for the company in a research report on Wednesday, July 10th. Evercore ISI increased their price target on shares of Cohen & Steers from $85.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th.

Cohen & Steers Price Performance

Shares of CNS stock opened at $91.57 on Friday. The business’s fifty day moving average price is $83.87 and its 200 day moving average price is $76.00. The firm has a market capitalization of $4.63 billion, a PE ratio of 35.63 and a beta of 1.54. Cohen & Steers, Inc. has a 1-year low of $50.05 and a 1-year high of $92.00.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Wednesday, July 17th. The asset manager reported $0.68 earnings per share for the quarter. Cohen & Steers had a net margin of 26.21% and a return on equity of 34.08%. 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% on a year-over-year basis.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.58%. Cohen & Steers’s payout ratio is 91.83%.

Insider Buying and Selling

In related news, Director Richard P. Simon sold 7,000 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $80.61, for a total value of $564,270.00. Following the sale, the director now directly owns 15,660 shares of the company’s stock, valued at approximately $1,262,352.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Jon Cheigh sold 12,500 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was 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 $13,058,548.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard P. Simon sold 7,000 shares of Cohen & Steers stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $80.61, for a total value of $564,270.00. Following the sale, the director now owns 15,660 shares of the company’s stock, valued at approximately $1,262,352.60. The disclosure for this sale can be found here. Insiders have sold a total of 20,600 shares of company stock worth $1,710,365 in the last quarter. Company insiders own 47.60% of the company’s stock.

Cohen & Steers Company Profile

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.