IMC Chicago LLC Buys Shares of 7,058 Cohen & Steers Inc $CNS

IMC Chicago LLC purchased a new position in shares of Cohen & Steers Inc (NYSE:CNS) during the second quarter, Holdings Channel reports. The fund purchased 7,058 shares of the asset manager’s stock, valued at approximately $537,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in shares of Cohen & Steers in the fourth quarter valued at $28,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Cohen & Steers in the 2nd quarter valued at $29,000. Geneos Wealth Management Inc. lifted its stake in Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock worth $31,000 after acquiring an additional 297 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Cohen & Steers during the 4th quarter worth about $31,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Cohen & Steers by 110.7% during the 4th 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 period. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings raised Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Evercore reissued an “outperform” rating and set a $88.00 price target on shares of Cohen & Steers in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $78.00.

Insider Activity

In other news, CAO Elena Dulik sold 1,100 shares of Cohen & Steers stock in a transaction dated Monday, July 20th. The stock was 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 owned 22,146 shares in the company, valued at approximately $1,841,661.36. This trade represents a 4.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel Noonan sold 4,360 shares of Cohen & Steers stock in a transaction dated Tuesday, June 16th. The shares were 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 owned 28,682 shares of the company’s stock, valued at $2,217,979.06. The trade was a 13.20% decrease in their position. The SEC filing for this sale provides additional information. 45.40% of the stock is owned by corporate insiders.

Cohen & Steers Stock Up 0.3%

Shares of CNS stock opened at $82.84 on Friday. Cohen & Steers Inc has a 52 week low of $58.39 and a 52 week high of $86.56. The stock has a market capitalization of $4.26 billion, a PE ratio of 25.41, a P/E/G ratio of 2.02 and a beta of 1.21. The firm has a 50 day moving average of $80.73 and a two-hundred day moving average of $72.44.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Thursday, July 16th. The asset manager reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $151.84 million for the quarter, compared to analysts’ expectations of $149.45 million. Cohen & Steers had a return on equity of 27.41% and a net margin of 28.82%.The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 EPS. Analysts expect that Cohen & Steers Inc will post 3.53 EPS for the current fiscal year.

Cohen & Steers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Monday, August 10th. Cohen & Steers’s payout ratio is presently 82.21%.

About Cohen & Steers

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).