Squarepoint Ops LLC Has $708,000 Stake in Cohen & Steers Inc $CNS

Squarepoint Ops LLC reduced its stake in shares of Cohen & Steers Inc (NYSE:CNS) by 55.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,396 shares of the asset manager’s stock after selling 11,492 shares during the quarter. Squarepoint Ops LLC’s holdings in Cohen & Steers were worth $708,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CNS. Thrivent Financial for Lutherans grew its holdings in Cohen & Steers by 0.9% during the second quarter. Thrivent Financial for Lutherans now owns 19,867 shares of the asset manager’s stock valued at $1,497,000 after purchasing an additional 185 shares during the period. HighTower Advisors LLC boosted its position in shares of Cohen & Steers by 7.9% during the first quarter. HighTower Advisors LLC now owns 2,689 shares of the asset manager’s stock worth $216,000 after purchasing an additional 198 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Cohen & Steers by 0.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 30,194 shares of the asset manager’s stock valued at $2,276,000 after buying an additional 229 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Cohen & Steers by 1.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 23,629 shares of the asset manager’s stock valued at $1,780,000 after buying an additional 254 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised 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 buying an additional 297 shares during the period. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Price Performance

Shares of Cohen & Steers stock opened at $63.17 on Wednesday. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. The stock’s 50-day moving average is $65.01 and its 200-day moving average is $70.18. Cohen & Steers Inc has a one year low of $58.39 and a one year high of $94.89.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Thursday, October 16th. The asset manager reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. Cohen & Steers had a return on equity of 29.40% and a net margin of 29.73%.The business had revenue of $140.94 million during the quarter, compared to the consensus estimate of $138.84 million. During the same period last year, the company earned $0.77 earnings per share. Cohen & Steers’s quarterly revenue was up 6.4% on a year-over-year basis.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 10th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, November 10th. Cohen & Steers’s dividend payout ratio (DPR) is currently 77.74%.

Insider Activity

In other Cohen & Steers news, Director Martin Cohen acquired 12,708 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were acquired at an average price of $60.83 per share, with a total value of $773,027.64. Following the completion of the transaction, the director directly owned 949,205 shares in the company, valued at $57,740,140.15. This trade represents a 1.36% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased 100,000 shares of company stock valued at $5,982,368 in the last 90 days. 45.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on CNS. Weiss Ratings reissued a “hold (c)” rating on shares of Cohen & Steers in a research note on Wednesday, October 8th. Evercore ISI lifted their price objective on Cohen & Steers from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Finally, Bank of America increased their target price on Cohen & Steers from $66.00 to $68.00 and gave the stock an “underperform” rating in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $72.50.

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).