Cohen & Steers Inc $CNS Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC decreased its holdings in shares of Cohen & Steers Inc (NYSE:CNS) by 54.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 429,005 shares of the asset manager’s stock after selling 509,801 shares during the period. Clearbridge Investments LLC’s holdings in Cohen & Steers were worth $26,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CNS. Navellier & Associates Inc. acquired a new position in shares of Cohen & Steers in the fourth quarter worth about $3,586,000. Tudor Investment Corp ET AL lifted its position in shares of Cohen & Steers by 156.0% in the third quarter. Tudor Investment Corp ET AL now owns 77,292 shares of the asset manager’s stock worth $5,071,000 after purchasing an additional 47,096 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Cohen & Steers by 40.5% in the fourth quarter. Teacher Retirement System of Texas now owns 99,778 shares of the asset manager’s stock worth $6,264,000 after purchasing an additional 28,740 shares in the last quarter. Public Sector Pension Investment Board raised its position in Cohen & Steers by 16.7% during the third quarter. Public Sector Pension Investment Board now owns 107,421 shares of the asset manager’s stock valued at $7,048,000 after acquiring an additional 15,337 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Cohen & Steers by 12.5% during the third quarter. Fisher Asset Management LLC now owns 111,334 shares of the asset manager’s stock valued at $7,305,000 after acquiring an additional 12,364 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Weiss Ratings raised shares of Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Finally, Evercore reissued an “outperform” rating and issued a $82.00 price target on shares of Cohen & Steers in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $75.00.

Cohen & Steers Stock Up 4.8%

NYSE:CNS opened at $77.23 on Wednesday. Cohen & Steers Inc has a 12 month low of $58.39 and a 12 month high of $78.81. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 25.49, a P/E/G ratio of 2.10 and a beta of 1.25. The company’s 50 day moving average is $68.82 and its 200-day moving average is $66.00.

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 analysts’ consensus estimates of $0.82 by ($0.03). Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The firm had revenue of $144.26 million during the quarter, compared to the consensus estimate of $140.62 million. During the same period in the prior year, the business earned $0.75 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. Research analysts predict that Cohen & Steers Inc will post 3.38 EPS for the current fiscal year.

Cohen & Steers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. Cohen & Steers’s payout ratio is 88.45%.

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).