Boston Trust Walden Corp Has $34.93 Million Stock Position in Cohen & Steers Inc $CNS

Boston Trust Walden Corp reduced its position in Cohen & Steers Inc (NYSE:CNS) by 11.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 558,433 shares of the asset manager’s stock after selling 73,670 shares during the quarter. Boston Trust Walden Corp owned about 1.09% of Cohen & Steers worth $34,930,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Keybank National Association OH acquired a new position in shares of Cohen & Steers during the 1st quarter worth $417,000. Inspire Investing LLC grew its position in Cohen & Steers by 10.6% in the first quarter. Inspire Investing LLC now owns 8,234 shares of the asset manager’s stock valued at $515,000 after acquiring an additional 788 shares during the last quarter. Wasatch Advisors LP raised its stake in Cohen & Steers by 4.8% during the first quarter. Wasatch Advisors LP now owns 2,097,509 shares of the asset manager’s stock worth $131,199,000 after acquiring an additional 96,105 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Cohen & Steers during the first quarter worth about $763,000. Finally, First National Bank Sioux Falls bought a new position in shares of Cohen & Steers in the first quarter worth about $283,000. 51.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CNS. Evercore reaffirmed an “outperform” rating and set a $82.00 price target on shares of Cohen & Steers in a report on Monday, June 8th. Weiss Ratings upgraded Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Zacks Research raised Cohen & Steers from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.00.

Insider Activity

In other news, EVP Daniel Noonan sold 4,360 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $77.33, for a total transaction of $337,158.80. Following the completion of the sale, the executive vice president owned 28,682 shares of the company’s stock, valued at $2,217,979.06. This trade represents a 13.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 45.40% of the company’s stock.

Cohen & Steers Stock Performance

NYSE:CNS opened at $78.58 on Friday. Cohen & Steers Inc has a 52 week low of $58.39 and a 52 week high of $79.28. The firm’s fifty day moving average is $73.07 and its 200-day moving average is $67.78. The firm has a market cap of $4.04 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.18 and a beta of 1.22.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Thursday, April 16th. The asset manager reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). The firm had revenue of $144.26 million for the quarter, compared to the consensus estimate of $140.62 million. Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS. As a group, sell-side analysts anticipate that Cohen & Steers Inc will post 3.47 earnings per share for the current year.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, May 11th. Cohen & Steers’s dividend payout ratio is presently 88.45%.

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).