26,954 Shares of Cohen & Steers Inc $CNS Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Cohen & Steers Inc (NYSE:CNS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 26,954 shares of the asset manager’s stock, valued at approximately $1,971,000.

Several other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in shares of Cohen & Steers by 88.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 610 shares of the asset manager’s stock worth $38,000 after purchasing an additional 287 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Cohen & Steers by 1.3% in the 1st quarter. Sanctuary Advisors LLC now owns 24,423 shares of the asset manager’s stock worth $1,528,000 after purchasing an additional 315 shares during the period. Bessemer Group Inc. lifted its position in Cohen & Steers by 6.5% during the first quarter. Bessemer Group Inc. now owns 5,282 shares of the asset manager’s stock valued at $330,000 after purchasing an additional 324 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Cohen & Steers by 4.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,695 shares of the asset manager’s stock valued at $586,000 after purchasing an additional 358 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Cohen & Steers during the second quarter valued at $29,000. 51.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on CNS. Zacks Research lowered Cohen & Steers from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Weiss Ratings downgraded Cohen & Steers from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, November 2nd. Finally, Evercore reaffirmed an “outperform” rating and set a $88.00 price objective on shares of Cohen & Steers in a research report on Monday, August 10th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cohen & Steers presently has an average rating of “Hold” and an average target price of $88.00.

Cohen & Steers Stock Down 0.2%

NYSE:CNS opened at $73.12 on Friday. The business’s 50-day simple moving average is $73.40 and its two-hundred day simple moving average is $72.15. The stock has a market cap of $3.76 billion, a PE ratio of 22.43, a P/E/G ratio of 3.68 and a beta of 1.19. Cohen & Steers Inc has a 52 week low of $58.39 and a 52 week high of $86.56.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Thursday, October 15th. The asset manager reported $0.89 EPS for the quarter, meeting the consensus estimate of $0.89. The business had revenue of $156.41 million for the quarter, compared to the consensus estimate of $155.12 million. Cohen & Steers had a return on equity of 26.90% and a net margin of 28.16%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 earnings per share. 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 announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, November 9th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, November 9th. Cohen & Steers’s dividend payout ratio (DPR) is 82.21%.

About Cohen & Steers

Cohen & Steers, Inc is a global investment management company specializing in real assets and alternative income. The firm manages investment strategies focused on real estate securities, infrastructure, natural resource equities, commodities, preferred securities and other income-oriented assets.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, institutional portfolios and private-market strategies. Cohen & Steers serves institutional investors, financial intermediaries and individual investors through a range of publicly traded and privately held investment vehicles.

Founded in 1986 by Martin Cohen and Robert Steers, the company is headquartered in New York City and serves clients in North America, Europe and Asia.