Cohen & Steers, Inc. (NYSE:CNS) Holdings Raised by First Trust Advisors LP

First Trust Advisors LP lifted its stake in Cohen & Steers, Inc. (NYSE:CNS) by 1,335.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,624 shares of the asset manager’s stock after buying an additional 102,919 shares during the period. First Trust Advisors LP owned about 0.23% of Cohen & Steers worth $4,676,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in shares of Cohen & Steers by 12.2% in the fourth quarter. Legal & General Group Plc now owns 8,660 shares of the asset manager’s stock worth $297,000 after buying an additional 939 shares during the period. Bbva Compass Bancshares Inc. increased its stake in shares of Cohen & Steers by 2.5% in the first quarter. Bbva Compass Bancshares Inc. now owns 8,308 shares of the asset manager’s stock worth $352,000 after buying an additional 200 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Cohen & Steers by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,070,418 shares of the asset manager’s stock worth $36,737,000 after buying an additional 37,604 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Cohen & Steers in the fourth quarter worth $37,000. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Cohen & Steers by 9.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 19,614 shares of the asset manager’s stock worth $673,000 after buying an additional 1,755 shares during the period. Institutional investors and hedge funds own 46.10% of the company’s stock.

In other news, EVP Michele Nolty sold 4,220 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $48.61, for a total transaction of $205,134.20. Following the completion of the sale, the executive vice president now owns 17,693 shares of the company’s stock, valued at approximately $860,056.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew S. Stadler sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $51.29, for a total transaction of $2,564,500.00. Following the sale, the chief financial officer now directly owns 168,227 shares of the company’s stock, valued at approximately $8,628,362.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,028 shares of company stock worth $3,671,585. 50.63% of the stock is currently owned by company insiders.

CNS has been the topic of several analyst reports. ValuEngine raised shares of Cohen & Steers from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Zacks Investment Research raised shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Wednesday, March 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $41.00 price objective on shares of Cohen & Steers in a research report on Tuesday, February 26th. Gabelli downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research report on Monday, April 22nd. Finally, Bank of America set a $37.00 price objective on shares of Cohen & Steers and gave the company a “sell” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Cohen & Steers presently has an average rating of “Hold” and a consensus price target of $41.50.

Shares of CNS stock opened at $49.25 on Wednesday. Cohen & Steers, Inc. has a 12 month low of $32.95 and a 12 month high of $52.45. The firm has a market cap of $2.41 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 3.07 and a beta of 1.02. The company has a current ratio of 6.62, a quick ratio of 6.62 and a debt-to-equity ratio of 0.22.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Wednesday, April 17th. The asset manager reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The firm had revenue of $94.20 million for the quarter, compared to analysts’ expectations of $92.99 million. Cohen & Steers had a net margin of 31.20% and a return on equity of 41.39%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 EPS. As a group, analysts expect that Cohen & Steers, Inc. will post 2.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Friday, May 10th. Cohen & Steers’s payout ratio is 60.00%.

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Cohen & Steers Profile

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.

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Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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