Campbell & CO Investment Adviser LLC Acquires 7,379 Shares of Cohen & Steers Inc $CNS

Campbell & CO Investment Adviser LLC lifted its holdings in Cohen & Steers Inc (NYSE:CNS) by 188.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,299 shares of the asset manager’s stock after purchasing an additional 7,379 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Cohen & Steers were worth $741,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of Cohen & Steers by 21.1% during the second quarter. JPMorgan Chase & Co. now owns 130,719 shares of the asset manager’s stock worth $9,850,000 after acquiring an additional 22,786 shares during the period. Bourgeon Capital Management LLC purchased a new position in Cohen & Steers during the 3rd quarter worth $9,554,000. Envestnet Portfolio Solutions Inc. increased its holdings in Cohen & Steers by 92.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,784 shares of the asset manager’s stock worth $813,000 after purchasing an additional 5,175 shares during the period. Edgestream Partners L.P. raised its position in Cohen & Steers by 316.7% during the 2nd quarter. Edgestream Partners L.P. now owns 81,839 shares of the asset manager’s stock valued at $6,167,000 after purchasing an additional 62,201 shares in the last quarter. Finally, Congress Asset Management Co. lifted its holdings in shares of Cohen & Steers by 1.6% in the 3rd quarter. Congress Asset Management Co. now owns 644,560 shares of the asset manager’s stock worth $42,290,000 after buying an additional 9,942 shares during the period. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Performance

NYSE:CNS opened at $68.78 on Wednesday. The company’s 50-day simple moving average is $63.87 and its 200-day simple moving average is $68.76. Cohen & Steers Inc has a fifty-two week low of $58.39 and a fifty-two week high of $91.07. The stock has a market capitalization of $3.51 billion, a P/E ratio of 21.56, a P/E/G ratio of 2.09 and a beta of 1.29.

Cohen & Steers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Monday, November 10th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, November 10th. Cohen & Steers’s payout ratio is currently 77.74%.

Wall Street Analysts Forecast Growth

CNS has been the topic of several research reports. Bank of America raised their price target on Cohen & Steers from $66.00 to $68.00 and gave the company an “underperform” rating in a research note on Thursday, October 2nd. Zacks Research downgraded shares of Cohen & Steers from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Evercore ISI boosted their price target on shares of Cohen & Steers from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cohen & Steers in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $72.50.

Insider Activity

In other Cohen & Steers news, Director Martin Cohen acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average price of $59.69 per share, for a total transaction of $2,984,500.00. Following the acquisition, the director owned 899,205 shares in the company, valued at approximately $53,673,546.45. This trade represents a 5.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 100,000 shares of company stock worth $5,982,368 over the last 90 days. Corporate insiders own 45.60% of the company’s stock.

Cohen & Steers 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).