EFG Asset Management North America Corp. Lowers Stock Holdings in Cohen & Steers Inc $CNS

EFG Asset Management North America Corp. trimmed its position in shares of Cohen & Steers Inc (NYSE:CNS) by 0.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,063 shares of the asset manager’s stock after selling 163 shares during the quarter. EFG Asset Management North America Corp. owned 0.10% of Cohen & Steers worth $4,100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CNS. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cohen & Steers in the first quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cohen & Steers in the fourth quarter valued at approximately $60,000. Fifth Third Bancorp boosted its position in Cohen & Steers by 101.9% in the 1st quarter. Fifth Third Bancorp now owns 654 shares of the asset manager’s stock valued at $52,000 after buying an additional 330 shares during the period. GAMMA Investing LLC boosted its position in Cohen & Steers by 36.1% in the 1st quarter. GAMMA Investing LLC now owns 992 shares of the asset manager’s stock valued at $80,000 after buying an additional 263 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in Cohen & Steers in the 1st quarter valued at approximately $110,000. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Bank of America decreased their price target on shares of Cohen & Steers from $67.00 to $66.00 and set an “underperform” rating for the company in a research note on Monday, July 21st. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $82.00.

Cohen & Steers Price Performance

Shares of CNS opened at $71.14 on Thursday. The firm has a 50 day simple moving average of $75.11 and a 200-day simple moving average of $77.40. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 2.50 and a beta of 1.42. Cohen & Steers Inc has a 1-year low of $68.99 and a 1-year high of $110.67.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Thursday, July 17th. The asset manager reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Cohen & Steers had a return on equity of 29.95% and a net margin of 29.82%.The firm had revenue of $135.32 million for the quarter, compared to analyst estimates of $134.59 million. During the same period in the prior year, the business earned $0.68 earnings per share. Cohen & Steers’s revenue for the quarter was up 11.8% on a year-over-year basis.

Cohen & Steers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Monday, August 11th were issued a $0.62 dividend. The ex-dividend date was Monday, August 11th. This represents a $2.48 dividend on an annualized basis and a yield of 3.5%. Cohen & Steers’s dividend payout ratio (DPR) is presently 78.73%.

Cohen & Steers Profile

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.