Cohen & Steers (NYSE:CNS) Director Martin Cohen Buys 37,292 Shares

Cohen & Steers Inc (NYSE:CNS) Director Martin Cohen purchased 37,292 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was bought at an average cost of $59.66 per share, with a total value of $2,224,840.72. Following the acquisition, the director owned 936,497 shares of the company’s stock, valued at $55,871,411.02. This represents a 4.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Martin Cohen also recently made the following trade(s):

• On Thursday, November 20th, Martin Cohen acquired 12,708 shares of Cohen & Steers stock. The shares were purchased at an average cost of $60.83 per share, for a total transaction of $773,027.64.
• On Tuesday, November 18th, Martin Cohen bought 50,000 shares of Cohen & Steers stock. The stock was purchased at an average cost of $59.69 per share, with a total value of $2,984,500.00.

Cohen & Steers Price Performance

Shares of CNS stock traded down $0.20 on Thursday, reaching $59.40. 725,183 shares of the stock were exchanged, compared to its average volume of 244,597. The stock has a market cap of $3.03 billion, a PE ratio of 18.62, a P/E/G ratio of 1.81 and a beta of 1.40. Cohen & Steers Inc has a one year low of $58.80 and a one year high of $107.31. The stock has a 50 day moving average price of $67.43 and a 200 day moving average price of $72.96.

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, beating the consensus estimate of $0.78 by $0.03. The business had revenue of $140.94 million for the quarter, compared to analysts’ expectations of $138.84 million. Cohen & Steers had a return on equity of 29.92% and a net margin of 29.73%.The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 earnings per share.

Cohen & Steers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, November 10th will be given a dividend of $0.62 per share. The ex-dividend date is Monday, November 10th. This represents a $2.48 annualized dividend and a dividend yield of 4.2%. Cohen & Steers’s payout ratio is presently 77.74%.

Analysts Set New Price Targets

CNS has been the topic of several analyst reports. Evercore ISI increased their target price on Cohen & Steers from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Cohen & Steers in a research report on Wednesday, October 8th. Finally, Bank of America upped their price objective on Cohen & Steers from $66.00 to $68.00 and gave the stock an “underperform” rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $72.50.

Institutional Investors Weigh In On Cohen & Steers

Several institutional investors have recently made changes to their positions in CNS. Caitong International Asset Management Co. Ltd bought a new position in Cohen & Steers during the 1st quarter worth $25,000. Geneos Wealth Management Inc. boosted its stake in shares of Cohen & Steers by 345.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 297 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Cohen & Steers in the 1st quarter valued at $110,000. Covestor Ltd raised its position in Cohen & Steers by 17.3% in the third quarter. Covestor Ltd now owns 1,925 shares of the asset manager’s stock valued at $126,000 after purchasing an additional 284 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in Cohen & Steers during the 1st quarter worth approximately $172,000. 51.47% of the stock is currently owned by institutional investors.

Cohen & Steers Company 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.