Cohen & Steers (NYSE:CNS) EVP Francis Poli Sells 10,000 Shares

Cohen & Steers Inc (NYSE:CNS) EVP Francis Poli sold 10,000 shares of the stock in a transaction 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 sale, the executive vice president owned 55,675 shares of the company’s stock, valued at $3,659,517.75. This trade represents a 15.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Cohen & Steers Trading Up 2.0%

Shares of NYSE CNS traded up $1.28 during mid-day trading on Thursday, reaching $66.11. The company had a trading volume of 327,310 shares, compared to its average volume of 351,904. The company has a 50-day moving average price of $64.63 and a two-hundred day moving average price of $67.57. The stock has a market cap of $3.37 billion, a PE ratio of 22.18, a P/E/G ratio of 1.95 and a beta of 1.27. Cohen & Steers Inc has a 1-year low of $58.39 and a 1-year high of $88.76.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Thursday, January 22nd. The asset manager reported $0.81 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.81. The business had revenue of $143.79 million during the quarter, compared to analyst estimates of $144.30 million. Cohen & Steers had a return on equity of 29.37% and a net margin of 27.55%.Cohen & Steers’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS.

Institutional Trading of Cohen & Steers

A number of institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its stake in shares of Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock worth $31,000 after purchasing an additional 297 shares in the last quarter. Hantz Financial Services Inc. raised its position in Cohen & Steers by 754.9% during the fourth quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 536 shares in the last quarter. Farther Finance Advisors LLC raised its position in Cohen & Steers by 459.2% during the fourth quarter. Farther Finance Advisors LLC now owns 699 shares of the asset manager’s stock valued at $44,000 after acquiring an additional 574 shares in the last quarter. Garner Asset Management Corp acquired a new stake in Cohen & Steers in the fourth quarter valued at approximately $58,000. Finally, Tema Etfs LLC bought a new stake in Cohen & Steers in the fourth quarter worth approximately $59,000. Institutional investors and hedge funds own 51.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CNS shares. Weiss Ratings restated a “hold (c)” rating on shares of Cohen & Steers in a research report on Wednesday, January 21st. Evercore boosted their target price on shares of Cohen & Steers from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Finally, Zacks Research cut Cohen & Steers from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $72.50.

About Cohen & Steers

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).