Evercore ISI Increases Cohen & Steers (NYSE:CNS) Price Target to $96.00

Cohen & Steers (NYSE:CNS) had its price objective upped by Evercore ISI from $92.00 to $96.00 in a research note released on Friday, Benzinga reports. The firm currently has an outperform rating on the asset manager’s stock.

Separately, UBS Group dropped their price target 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.

Cohen & Steers Stock Down 2.9 %

Shares of CNS stock opened at $91.50 on Friday. The stock has a market cap of $4.62 billion, a P/E ratio of 35.60 and a beta of 1.54. The company’s fifty day simple moving average is $88.72 and its two-hundred day simple moving average is $78.48. Cohen & Steers has a 52 week low of $50.05 and a 52 week high of $97.57.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, July 17th. The asset manager reported $0.68 earnings per share (EPS) for the quarter. Cohen & Steers had a return on equity of 34.08% and a net margin of 26.21%. 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 firm earned $0.70 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis.

Cohen & Steers Dividend Announcement

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

Insider Buying and Selling at Cohen & Steers

In related news, Director Richard P. Simon sold 7,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 15,660 shares of the company’s stock, valued at approximately $1,262,352.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Richard P. Simon sold 7,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $80.61, for a total value of $564,270.00. Following the transaction, the director now owns 15,660 shares of the company’s stock, valued at $1,262,352.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Elena Dulik sold 1,100 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $86.45, for a total value of $95,095.00. Following the completion of the sale, the chief accounting officer now owns 20,091 shares of the company’s stock, valued at $1,736,866.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,600 shares of company stock worth $1,710,365 over the last 90 days. Company insiders own 47.60% of the company’s stock.

Institutional Investors Weigh In On Cohen & Steers

A number of large investors have recently bought and sold shares of CNS. Wasatch Advisors LP lifted its position in shares of Cohen & Steers by 54.2% during the 4th quarter. Wasatch Advisors LP now owns 2,420,663 shares of the asset manager’s stock valued at $183,317,000 after buying an additional 851,125 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Cohen & Steers by 3,638.5% in the 2nd quarter. Principal Financial Group Inc. now owns 130,774 shares of the asset manager’s stock valued at $9,489,000 after purchasing an additional 127,276 shares in the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Cohen & Steers during the 1st quarter worth $5,193,000. Bank of New York Mellon Corp grew its holdings in shares of Cohen & Steers by 20.9% during 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 buying an additional 111,649 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Cohen & Steers by 91.1% in the second quarter. Hsbc Holdings PLC now owns 132,193 shares of the asset manager’s stock valued at $9,590,000 after buying an additional 63,019 shares during the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

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.