Atria Investments Inc Decreases Stock Position in Cohen & Steers, Inc. (NYSE:CNS)

Atria Investments Inc trimmed its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 1.8% during the third quarter, HoldingsChannel.com reports. The firm owned 6,600 shares of the asset manager’s stock after selling 121 shares during the period. Atria Investments Inc’s holdings in Cohen & Steers were worth $633,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in Cohen & Steers by 19.8% during the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock worth $62,000 after buying an additional 107 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Cohen & Steers by 16.9% during the third quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock valued at $79,000 after acquiring an additional 119 shares during the period. AQR Capital Management LLC raised its holdings in Cohen & Steers by 5.5% during the second quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager’s stock worth $238,000 after purchasing an additional 172 shares in the last quarter. Inspire Investing LLC lifted its position in Cohen & Steers by 4.0% in the second quarter. Inspire Investing LLC now owns 4,864 shares of the asset manager’s stock worth $353,000 after purchasing an additional 185 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Cohen & Steers by 115.1% during the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock valued at $27,000 after buying an additional 198 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CNS has been the subject of several recent research reports. Evercore ISI increased their target price on shares of Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and raised their target price for the stock from $63.00 to $102.00 in a research report on Thursday, October 17th.

Cohen & Steers Trading Up 0.1 %

CNS opened at $99.99 on Wednesday. The business has a 50 day moving average of $97.77 and a 200-day moving average of $84.62. Cohen & Steers, Inc. has a 1-year low of $56.04 and a 1-year high of $110.67. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 37.31 and a beta of 1.53.

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

Cohen & Steers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a $0.59 dividend. The ex-dividend date is Monday, November 18th. This represents a $2.36 annualized dividend and a yield of 2.36%. Cohen & Steers’s payout ratio is 88.06%.

Cohen & Steers Company Profile

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.