Elena Dulik Sells 1,100 Shares of Cohen & Steers (NYSE:CNS) Stock

Cohen & Steers Inc (NYSE:CNS) CAO Elena Dulik sold 1,100 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $83.16, for a total transaction of $91,476.00. Following the completion of the sale, the chief accounting officer directly owned 22,146 shares of the company’s stock, valued at approximately $1,841,661.36. This trade represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Cohen & Steers Trading Up 1.6%

Shares of NYSE CNS traded up $1.31 during trading hours on Tuesday, reaching $82.37. The stock had a trading volume of 42,597 shares, compared to its average volume of 329,395. The firm has a 50-day moving average of $76.00 and a 200-day moving average of $69.64. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 2.01 and a beta of 1.22. Cohen & Steers Inc has a fifty-two week low of $58.39 and a fifty-two week high of $84.93.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Thursday, July 16th. The asset manager reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $151.84 million during the quarter, compared to analyst estimates of $149.45 million. Cohen & Steers had a net margin of 28.82% and a return on equity of 28.03%. Cohen & Steers’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 earnings per share. On average, equities analysts predict that Cohen & Steers Inc will post 3.59 EPS for the current year.

Cohen & Steers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were given a $0.67 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.68 annualized dividend and a yield of 3.3%. Cohen & Steers’s dividend payout ratio is 82.21%.

Institutional Investors Weigh In On Cohen & Steers

Large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in Cohen & Steers by 2.0% in the 1st quarter. Royal Bank of Canada now owns 51,397 shares of the asset manager’s stock valued at $4,124,000 after buying an additional 1,003 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cohen & Steers by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,367 shares of the asset manager’s stock worth $1,313,000 after buying an additional 716 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Cohen & Steers by 485.1% in the 1st quarter. Millennium Management LLC now owns 93,175 shares of the asset manager’s stock worth $7,477,000 after acquiring an additional 77,251 shares during the period. Jones Financial Companies Lllp purchased a new stake in shares of Cohen & Steers in the first quarter valued at about $172,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Cohen & Steers by 3.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,742 shares of the asset manager’s stock valued at $5,838,000 after acquiring an additional 2,155 shares in the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CNS shares. Weiss Ratings raised shares of Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 29th. Evercore reaffirmed an “outperform” rating and issued a $84.00 target price on shares of Cohen & Steers in a report on Friday, July 10th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cohen & Steers has a consensus rating of “Hold” and an average target price of $76.00.

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).