Renaissance Technologies LLC Sells 18,300 Shares of Cohen & Steers Inc $CNS

Renaissance Technologies LLC lowered its position in Cohen & Steers Inc (NYSE:CNS) by 22.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,212 shares of the asset manager’s stock after selling 18,300 shares during the quarter. Renaissance Technologies LLC owned 0.12% of Cohen & Steers worth $3,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CNS. Kestra Advisory Services LLC acquired a new stake in Cohen & Steers during the 4th quarter worth approximately $28,000. Geneos Wealth Management Inc. increased its position in 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 acquiring an additional 297 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Cohen & Steers during the fourth quarter valued at $31,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Cohen & Steers by 110.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 299 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Cohen & Steers by 754.9% during the fourth quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock worth $38,000 after purchasing an additional 536 shares during the period. Institutional investors own 51.47% of the company’s stock.

Wall Street Analysts Forecast Growth

CNS has been the topic of several analyst reports. Evercore reissued an “outperform” rating and issued a $84.00 price objective on shares of Cohen & Steers in a research note on Friday, July 10th. Weiss Ratings raised Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $76.00.

Insider Transactions at Cohen & Steers

In other news, EVP Daniel Noonan sold 4,360 shares of Cohen & Steers stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total value of $337,158.80. Following the completion of the transaction, the executive vice president directly owned 28,682 shares of the company’s stock, valued at approximately $2,217,979.06. This trade represents a 13.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Elena Dulik sold 1,100 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $83.16, for a total value of $91,476.00. Following the completion of the transaction, the chief accounting officer directly owned 22,146 shares in the company, valued at $1,841,661.36. This represents a 4.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 45.40% of the company’s stock.

Cohen & Steers Stock Performance

NYSE:CNS opened at $83.64 on Friday. Cohen & Steers Inc has a fifty-two week low of $58.39 and a fifty-two week high of $85.63. The company has a 50 day simple moving average of $78.16 and a two-hundred day simple moving average of $70.57. The company has a market capitalization of $4.30 billion, a PE ratio of 25.66, a P/E/G ratio of 2.08 and a beta of 1.21.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Thursday, July 16th. The asset manager reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Cohen & Steers had a return on equity of 27.41% and a net margin of 28.82%.The firm had revenue of $151.84 million during the quarter, compared to analyst estimates of $149.45 million. During the same quarter last year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Research analysts predict that Cohen & Steers Inc will post 3.49 EPS for the current year.

Cohen & Steers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.68 dividend on an annualized basis and a yield of 3.2%. Cohen & Steers’s dividend payout ratio is 82.21%.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).