328 Shares in Cohen & Steers, Inc. (NYSE:CNS) Purchased by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC purchased a new stake in Cohen & Steers, Inc. (NYSE:CNS) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 328 shares of the asset manager’s stock, valued at approximately $31,000.

Several other large investors also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in Cohen & Steers by 3,638.5% during the second quarter. Principal Financial Group Inc. now owns 130,774 shares of the asset manager’s stock valued at $9,489,000 after purchasing an additional 127,276 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new stake in shares of Cohen & Steers during the 1st quarter worth $5,193,000. Bank of New York Mellon Corp grew its holdings in shares of Cohen & Steers by 20.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 646,835 shares of the asset manager’s stock worth $46,934,000 after acquiring an additional 111,649 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Cohen & Steers by 91.1% during the second quarter. Hsbc Holdings PLC now owns 132,193 shares of the asset manager’s stock worth $9,590,000 after purchasing an additional 63,019 shares during the period. Finally, Public Sector Pension Investment Board purchased a new stake in shares of Cohen & Steers during the second quarter valued at $4,199,000. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Trading Up 0.5 %

Shares of CNS stock opened at $100.72 on Friday. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 37.58 and a beta of 1.53. Cohen & Steers, Inc. has a 1-year low of $56.04 and a 1-year high of $110.67. The stock’s fifty day simple moving average is $97.04 and its 200-day simple moving average is $83.79.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The company had revenue of $133.20 million for the quarter, compared to the consensus estimate of $124.18 million. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS.

Cohen & Steers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, November 18th. Cohen & Steers’s dividend payout ratio (DPR) is currently 88.06%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group upgraded Cohen & Steers from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $63.00 to $102.00 in a report on Thursday, October 17th. Evercore ISI boosted their price target on shares of Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

About Cohen & Steers

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.