Bourgeon Capital Management LLC Sells 38,530 Shares of Cohen & Steers Inc $CNS

Bourgeon Capital Management LLC reduced its position in Cohen & Steers Inc (NYSE:CNS) by 26.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 107,085 shares of the asset manager’s stock after selling 38,530 shares during the period. Bourgeon Capital Management LLC’s holdings in Cohen & Steers were worth $6,723,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted 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 valued at $31,000 after purchasing an additional 297 shares during the last quarter. Covestor Ltd raised its stake in shares of Cohen & Steers by 17.3% in the third quarter. Covestor Ltd now owns 1,925 shares of the asset manager’s stock worth $126,000 after purchasing an additional 284 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Cohen & Steers in the first quarter worth $172,000. Tower Research Capital LLC TRC lifted its holdings in shares of Cohen & Steers by 376.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,575 shares of the asset manager’s stock valued at $194,000 after purchasing an additional 2,035 shares in the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Cohen & Steers during the second quarter valued at $215,000. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Stock Up 1.9%

Shares of CNS opened at $62.54 on Wednesday. The business has a 50-day simple moving average of $64.74 and a two-hundred day simple moving average of $65.38. Cohen & Steers Inc has a 52 week low of $58.39 and a 52 week high of $83.99. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.83 and a beta of 1.26.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Thursday, January 22nd. The asset manager reported $0.81 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.81. The firm had revenue of $143.79 million for the quarter, compared to analysts’ expectations of $144.30 million. Cohen & Steers had a return on equity of 28.46% and a net margin of 27.55%.The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS.

Cohen & Steers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 9th were issued a dividend of $0.67 per share. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, March 9th. Cohen & Steers’s payout ratio is presently 89.93%.

Insiders Place Their Bets

In other Cohen & Steers news, EVP Francis C. Poli sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $65.73, for a total value of $657,300.00. Following the completion of the transaction, the executive vice president directly owned 55,675 shares in the company, valued at $3,659,517.75. This represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 45.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on CNS. Zacks Research upgraded Cohen & Steers from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Weiss Ratings restated a “hold (c)” rating on shares of Cohen & Steers in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.50.

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).