Alliancebernstein L.P. Has $1.50 Million Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Alliancebernstein L.P. trimmed its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,031 shares of the asset manager’s stock after selling 528 shares during the period. Alliancebernstein L.P. owned about 0.07% of Cohen & Steers worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its stake in Cohen & Steers by 35.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 537 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 140 shares during the period. FMR LLC grew its stake in Cohen & Steers by 26.1% in the fourth quarter. FMR LLC now owns 690 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 143 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in Cohen & Steers by 7.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,192 shares of the asset manager’s stock valued at $138,000 after acquiring an additional 149 shares during the period. Amalgamated Bank grew its stake in Cohen & Steers by 5.8% in the fourth quarter. Amalgamated Bank now owns 4,302 shares of the asset manager’s stock valued at $270,000 after acquiring an additional 234 shares during the period. Finally, US Bancorp DE grew its stake in Cohen & Steers by 36.8% in the first quarter. US Bancorp DE now owns 1,357 shares of the asset manager’s stock valued at $61,000 after acquiring an additional 365 shares during the period. 45.40% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Francis C. Poli sold 1,728 shares of the company’s stock in a transaction dated Friday, June 19th. The stock was sold at an average price of $71.90, for a total transaction of $124,243.20. Following the sale, the executive vice president now owns 63,791 shares in the company, valued at $4,586,572.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michele Nolty sold 3,000 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $52.28, for a total value of $156,840.00. Following the sale, the executive vice president now owns 15,812 shares in the company, valued at approximately $826,651.36. The disclosure for this sale can be found here. Insiders have sold 47,947 shares of company stock worth $2,909,148 in the last quarter. 49.31% of the stock is currently owned by corporate insiders.

Separately, Bank of America raised Cohen & Steers from an “underperform” rating to a “neutral” rating and set a $54.00 target price for the company in a research note on Friday, April 24th.

CNS stock opened at $66.97 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.91 and a quick ratio of 5.91. The stock has a market capitalization of $3.08 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.35 and a beta of 1.37. The business has a 50-day moving average of $66.71 and a 200-day moving average of $62.09. Cohen & Steers, Inc. has a fifty-two week low of $33.52 and a fifty-two week high of $78.23.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, April 22nd. The asset manager reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.03). The firm had revenue of $105.83 million for the quarter, compared to analyst estimates of $104.75 million. Cohen & Steers had a return on equity of 54.04% and a net margin of 29.33%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share. Equities analysts expect that Cohen & Steers, Inc. will post 2.13 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, May 15th. This represents a $1.56 annualized dividend and a yield of 2.33%. Cohen & Steers’s payout ratio is presently 60.70%.

Cohen & Steers 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.

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Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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