Cohen & Steers, Inc. (NYSE:CNS) announced a dividend on Thursday, November 7th, Fidelity reports. Stockholders of record on Monday, November 18th will be paid a dividend of 2.00 per share by the asset manager on Tuesday, December 3rd. The ex-dividend date is Friday, November 15th. This is a boost from Cohen & Steers’s previous dividend of $0.76.
Shares of CNS opened at $65.50 on Friday. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 3.26 and a beta of 0.90. Cohen & Steers has a 1 year low of $32.95 and a 1 year high of $68.01. The business’s 50 day simple moving average is $59.29 and its 200-day simple moving average is $53.52.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The business had revenue of $104.97 million for the quarter, compared to analysts’ expectations of $102.42 million. Cohen & Steers had a return on equity of 48.33% and a net margin of 31.26%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. As a group, analysts expect that Cohen & Steers will post 2.51 earnings per share for the current year.
In other news, CAO Elena Dulik sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $54.54, for a total transaction of $54,540.00. Following the transaction, the chief accounting officer now owns 18,478 shares of the company’s stock, valued at approximately $1,007,790.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 50.63% of the company’s stock.
Several analysts have recently issued reports on CNS shares. Zacks Investment Research raised Cohen & Steers from a “sell” rating to a “hold” rating and set a $57.00 price objective on the stock in a report on Tuesday, August 27th. ValuEngine downgraded Cohen & Steers from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Cohen & Steers has an average rating of “Hold” and a consensus price target of $45.00.
Cohen & Steers Company 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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