Sanctuary Advisors LLC Sells 1,086 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Sanctuary Advisors LLC cut its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 3.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,826 shares of the asset manager’s stock after selling 1,086 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.05% of Cohen & Steers worth $2,774,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Cohen & Steers by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,176,861 shares of the asset manager’s stock valued at $85,390,000 after acquiring an additional 35,905 shares during the period. State Street Corp lifted its holdings in shares of Cohen & Steers by 0.8% during the third quarter. State Street Corp now owns 1,098,165 shares of the asset manager’s stock valued at $105,369,000 after acquiring an additional 8,774 shares during the period. Copeland Capital Management LLC lifted its holdings in shares of Cohen & Steers by 1.0% during the third quarter. Copeland Capital Management LLC now owns 1,091,097 shares of the asset manager’s stock valued at $104,691,000 after acquiring an additional 10,420 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cohen & Steers by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock valued at $91,305,000 after acquiring an additional 52,103 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Cohen & Steers by 4.9% during the third quarter. Geode Capital Management LLC now owns 709,323 shares of the asset manager’s stock valued at $68,071,000 after acquiring an additional 33,414 shares during the period. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Stock Down 1.3 %

Cohen & Steers stock opened at $97.15 on Wednesday. The stock has a 50-day simple moving average of $100.96 and a 200 day simple moving average of $88.90. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 36.25 and a beta of 1.52.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $133.20 million during the quarter, compared to analysts’ expectations of $124.18 million. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share.

Cohen & Steers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a $0.59 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.36 dividend on an annualized basis and a yield of 2.43%. Cohen & Steers’s payout ratio is 88.06%.

Analysts Set New Price Targets

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

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.