FY2017 Earnings Estimate for Cohen & Steers Inc Issued By Gabelli (CNS)
Cohen & Steers Inc (NYSE:CNS) – Equities research analysts at Gabelli increased their FY2017 earnings per share estimates for shares of Cohen & Steers in a report issued on Friday. Gabelli analyst M. Sykes now expects that the asset manager will earn $2.05 per share for the year, up from their previous estimate of $2.00. Gabelli also issued estimates for Cohen & Steers’ FY2021 earnings at $2.95 EPS.
Cohen & Steers (NYSE:CNS) last released its earnings results on Wednesday, October 18th. The asset manager reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Cohen & Steers had a net margin of 26.53% and a return on equity of 33.78%. The business had revenue of $96.40 million for the quarter, compared to the consensus estimate of $95.76 million. During the same period in the previous year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis.
Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Monday, September 18th. BidaskClub downgraded shares of Cohen & Steers from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Bank of America Corporation upped their target price on shares of Cohen & Steers from $35.00 to $38.00 and gave the company an “underperform” rating in a research report on Friday. Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 target price on shares of Cohen & Steers in a research report on Friday. Finally, Credit Suisse Group upped their target price on shares of Cohen & Steers from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $43.60.
Shares of Cohen & Steers (NYSE:CNS) opened at 43.98 on Monday. The company has a market capitalization of $2.04 billion, a P/E ratio of 21.36 and a beta of 1.61. The company has a 50 day moving average of $39.63 and a 200-day moving average of $39.95. Cohen & Steers has a 12-month low of $33.16 and a 12-month high of $45.50.
Several large investors have recently made changes to their positions in CNS. SG Americas Securities LLC acquired a new stake in shares of Cohen & Steers in the 1st quarter valued at approximately $103,000. Acadian Asset Management LLC acquired a new stake in shares of Cohen & Steers in the 2nd quarter valued at approximately $140,000. BNP Paribas Arbitrage SA raised its position in shares of Cohen & Steers by 545.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,617 shares of the asset manager’s stock valued at $147,000 after acquiring an additional 3,057 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Cohen & Steers in the 2nd quarter valued at approximately $183,000. Finally, Prudential Financial Inc. acquired a new stake in shares of Cohen & Steers in the 1st quarter valued at approximately $205,000. Institutional investors and hedge funds own 45.36% of the company’s stock.
In related news, insider John Todd Glickson sold 6,700 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $39.72, for a total value of $266,124.00. Following the sale, the insider now directly owns 36,738 shares in the company, valued at approximately $1,459,233.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 52.90% of the company’s stock.
About Cohen & Steers
Cohen & Steers, Inc (CNS) is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors.
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