GW&K Investment Management LLC Raises Stock Holdings in Cohen & Steers Inc $CNS

GW&K Investment Management LLC increased its position in Cohen & Steers Inc (NYSE:CNS) by 29.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 357,134 shares of the asset manager’s stock after acquiring an additional 82,185 shares during the period. GW&K Investment Management LLC owned approximately 0.70% of Cohen & Steers worth $22,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Navellier & Associates Inc. purchased a new stake in shares of Cohen & Steers in the 4th quarter valued at $3,586,000. Tudor Investment Corp ET AL boosted its holdings in shares of Cohen & Steers by 156.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 77,292 shares of the asset manager’s stock valued at $5,071,000 after acquiring an additional 47,096 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Cohen & Steers by 40.5% in the 4th quarter. Teacher Retirement System of Texas now owns 99,778 shares of the asset manager’s stock valued at $6,264,000 after acquiring an additional 28,740 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Cohen & Steers by 16.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 107,421 shares of the asset manager’s stock valued at $7,048,000 after acquiring an additional 15,337 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Cohen & Steers by 12.5% in the 3rd quarter. Fisher Asset Management LLC now owns 111,334 shares of the asset manager’s stock valued at $7,305,000 after acquiring an additional 12,364 shares during the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CNS shares. Zacks Research upgraded Cohen & Steers from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Evercore reiterated an “outperform” rating and set a $82.00 price target on shares of Cohen & Steers in a research report on Monday. Finally, Weiss Ratings upgraded Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. One equities 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 company’s stock. According to MarketBeat.com, Cohen & Steers has an average rating of “Hold” and an average target price of $75.00.

Cohen & Steers Stock Down 1.2%

CNS stock opened at $76.37 on Thursday. The firm has a market cap of $3.93 billion, a P/E ratio of 25.21, a PEG ratio of 2.20 and a beta of 1.25. The company’s 50-day simple moving average is $69.12 and its 200-day simple moving average is $66.12. Cohen & Steers Inc has a 52-week low of $58.39 and a 52-week high of $78.81.

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 the consensus estimate of $0.82 by ($0.03). The company had revenue of $144.26 million during the quarter, compared to analysts’ expectations of $140.62 million. Cohen & Steers had a return on equity of 27.60% and a net margin of 27.47%.Cohen & Steers’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. On average, analysts anticipate that Cohen & Steers Inc will post 3.38 earnings per share for the current fiscal year.

Cohen & Steers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 11th. Cohen & Steers’s payout ratio is presently 88.45%.

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).