Cohen & Steers Inc $CNS Shares Sold by UBS Group AG

UBS Group AG trimmed its holdings in Cohen & Steers Inc (NYSE:CNS) by 43.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,682 shares of the asset manager’s stock after selling 62,876 shares during the quarter. UBS Group AG owned about 0.16% of Cohen & Steers worth $5,065,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CNS. Wasatch Advisors LP boosted its holdings in shares of Cohen & Steers by 15.1% in the second quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager’s stock valued at $185,790,000 after acquiring an additional 323,759 shares during the period. Freestone Grove Partners LP acquired a new stake in shares of Cohen & Steers in the third quarter valued at approximately $12,138,000. Balyasny Asset Management L.P. boosted its holdings in shares of Cohen & Steers by 107.4% in the second quarter. Balyasny Asset Management L.P. now owns 190,077 shares of the asset manager’s stock valued at $14,322,000 after acquiring an additional 98,431 shares during the period. Qube Research & Technologies Ltd boosted its holdings in shares of Cohen & Steers by 504.9% in the third quarter. Qube Research & Technologies Ltd now owns 93,011 shares of the asset manager’s stock valued at $6,102,000 after acquiring an additional 77,634 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Cohen & Steers by 485.1% in the first quarter. Millennium Management LLC now owns 93,175 shares of the asset manager’s stock valued at $7,477,000 after acquiring an additional 77,251 shares during the period. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Price Performance

Cohen & Steers stock opened at $72.08 on Friday. Cohen & Steers Inc has a 12 month low of $58.39 and a 12 month high of $78.86. The business has a 50 day simple moving average of $66.41 and a 200-day simple moving average of $65.40. The stock has a market capitalization of $3.70 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Cohen & Steers (NYSE:CNS) last released 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). Cohen & Steers had a return on equity of 27.60% and a net margin of 27.47%.The company had revenue of $144.26 million for the quarter, compared to analysts’ expectations of $140.62 million. During the same quarter last year, the company earned $0.75 EPS. Cohen & Steers’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Cohen & Steers Inc will post 3.38 EPS for the current year.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, May 11th. Cohen & Steers’s dividend payout ratio is 88.45%.

Analyst Upgrades and Downgrades

CNS has been the subject of several research analyst reports. Zacks Research raised Cohen & Steers from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Evercore set a $76.00 price objective on Cohen & Steers in a report on Monday, April 20th. Finally, Weiss Ratings raised Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Cohen & Steers currently has an average rating of “Hold” and an average price target of $72.00.

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).