Elena Dulik Sells 467 Shares of Cohen & Steers Inc. (CNS) Stock
Cohen & Steers Inc. (NYSE:CNS) insider Elena Dulik sold 467 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $37.73, for a total value of $17,619.91. Following the sale, the insider now owns 8,311 shares of the company’s stock, valued at approximately $313,574.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Cohen & Steers Inc. (NYSE:CNS) opened at 35.11 on Monday. The firm has a 50-day moving average price of $39.00 and a 200-day moving average price of $40.33. The company has a market cap of $1.61 billion, a P/E ratio of 20.51 and a beta of 1.51. Cohen & Steers Inc. has a 52 week low of $26.72 and a 52 week high of $43.83.
Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.51. The business earned $94.39 million during the quarter, compared to analysts’ expectations of $1.02 million. Cohen & Steers had a return on equity of 32.61% and a net margin of 21.24%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. Equities research analysts anticipate that Cohen & Steers Inc. will post $1.89 EPS for the current fiscal year.
The business also recently disclosed a dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 23rd will be paid a dividend of $0.76 per share. This is a boost from Cohen & Steers’s previous dividend of $0.25. The ex-dividend date of this dividend is Monday, November 21st. Cohen & Steers’s payout ratio is presently 66.67%.
Several equities research analysts recently issued reports on CNS shares. Zacks Investment Research downgraded Cohen & Steers from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Keefe, Bruyette & Woods set a $45.00 price target on Cohen & Steers and gave the stock a “hold” rating in a report on Friday, October 14th. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $42.00 price target on shares of Cohen & Steers in a report on Thursday, September 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $44.40.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank bought a new position in shares of Cohen & Steers during the second quarter worth about $109,000. Boston Advisors LLC bought a new position in shares of Cohen & Steers during the second quarter worth about $297,000. Shell Asset Management Co. bought a new position in shares of Cohen & Steers during the second quarter worth about $856,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Cohen & Steers during the second quarter worth about $890,000. Finally, Old Mutual Global Investors UK Ltd. boosted its position in shares of Cohen & Steers by 1,694.2% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 23,989 shares of the company’s stock worth $970,000 after buying an additional 22,652 shares during the last quarter. Institutional investors and hedge funds own 43.50% of the company’s stock.
Cohen & Steers Company Profile
Cohen & Steers, Inc is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors around the world.
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