Quantinno Capital Management LP Raises Holdings in Cohen & Steers Inc $CNS

Quantinno Capital Management LP lifted its holdings in shares of Cohen & Steers Inc (NYSE:CNS) by 62.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 30,815 shares of the asset manager’s stock after acquiring an additional 11,895 shares during the quarter. Quantinno Capital Management LP’s holdings in Cohen & Steers were worth $1,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Navellier & Associates Inc. bought a new stake in shares of Cohen & Steers in the fourth quarter worth $3,586,000. Gabelli Funds LLC increased its stake in shares of Cohen & Steers by 38.0% in the 1st quarter. Gabelli Funds LLC now owns 190,395 shares of the asset manager’s stock worth $11,909,000 after purchasing an additional 52,400 shares in the last quarter. Norges Bank bought a new stake in Cohen & Steers during the fourth quarter valued at about $30,232,000. Aristotle Capital Boston LLC lifted its position in shares of Cohen & Steers by 682.9% during the 4th quarter. Aristotle Capital Boston LLC now owns 200,699 shares of the asset manager’s stock valued at $12,600,000 after buying an additional 175,063 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in 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 worth $6,264,000 after acquiring an additional 28,740 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Up 2.9%

NYSE:CNS opened at $84.50 on Wednesday. The business’s 50-day simple moving average is $78.66 and its two-hundred day simple moving average is $70.77. Cohen & Steers Inc has a 52 week low of $58.39 and a 52 week high of $86.56. The stock has a market cap of $4.35 billion, a PE ratio of 25.92, a P/E/G ratio of 2.02 and a beta of 1.21.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Thursday, July 16th. The asset manager reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Cohen & Steers had a return on equity of 27.41% and a net margin of 28.82%.The business had revenue of $151.84 million during the quarter, compared to the consensus estimate of $149.45 million. During the same period last year, the company earned $0.73 EPS. The business’s revenue was up 12.2% on a year-over-year basis. Sell-side analysts anticipate that Cohen & Steers Inc will post 3.49 earnings per share for the current fiscal year.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, August 10th. Cohen & Steers’s dividend payout ratio is presently 82.21%.

Analyst Ratings Changes

CNS has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Evercore reiterated an “outperform” rating and issued a $88.00 price target on shares of Cohen & Steers in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $78.00.

Insider Activity at Cohen & Steers

In other news, 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 value of $91,476.00. Following the transaction, the chief accounting officer owned 22,146 shares of the company’s stock, valued at approximately $1,841,661.36. The trade was a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel Noonan sold 4,360 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total transaction of $337,158.80. Following the completion of the transaction, the executive vice president directly owned 28,682 shares in the company, valued at $2,217,979.06. This trade represents a 13.20% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 45.40% of the company’s stock.

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).