Oppenheimer Asset Management Inc. Sells 2,534 Shares of Cohen & Steers Inc $CNS

Oppenheimer Asset Management Inc. trimmed its position in Cohen & Steers Inc (NYSE:CNS) by 8.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,369 shares of the asset manager’s stock after selling 2,534 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Cohen & Steers were worth $1,987,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC grew its holdings in Cohen & Steers by 51.3% in the 2nd quarter. AlphaQuest LLC now owns 29,246 shares of the asset manager’s stock valued at $2,204,000 after buying an additional 9,919 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Cohen & Steers by 201.1% in the second quarter. First Citizens Bank & Trust Co. now owns 7,909 shares of the asset manager’s stock valued at $596,000 after acquiring an additional 5,282 shares during the period. Boston Trust Walden Corp boosted its position in shares of Cohen & Steers by 1.3% in the second quarter. Boston Trust Walden Corp now owns 922,895 shares of the asset manager’s stock valued at $69,540,000 after acquiring an additional 11,464 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Cohen & Steers by 92.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,784 shares of the asset manager’s stock worth $813,000 after purchasing an additional 5,175 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in Cohen & Steers by 21.9% in the 2nd quarter. Inspire Investing LLC now owns 5,195 shares of the asset manager’s stock worth $391,000 after purchasing an additional 934 shares in the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Stock Down 2.6%

CNS stock opened at $69.40 on Thursday. The firm has a market cap of $3.54 billion, a P/E ratio of 21.76, a P/E/G ratio of 1.85 and a beta of 1.38. The company’s 50-day moving average price is $69.64 and its two-hundred day moving average price is $73.94. Cohen & Steers Inc has a 12 month low of $64.29 and a 12 month high of $108.76.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Thursday, October 16th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.03. Cohen & Steers had a net margin of 29.73% and a return on equity of 29.92%. The business had revenue of $140.94 million for the quarter, compared to analyst estimates of $138.84 million. During the same quarter last year, the business posted $0.77 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cohen & Steers in a report on Wednesday, October 8th. Evercore ISI increased their price target on Cohen & Steers from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Finally, Bank of America increased their price target on Cohen & Steers from $66.00 to $68.00 and gave the stock an “underperform” rating in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $72.50.

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.