Cohen & Steers, Inc. (NYSE:CNS) Holdings Raised by State Street Corp

State Street Corp lifted its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,098,165 shares of the asset manager’s stock after acquiring an additional 8,774 shares during the period. State Street Corp’s holdings in Cohen & Steers were worth $105,369,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of Cohen & Steers during the third quarter worth $31,000. GAMMA Investing LLC boosted its holdings in shares of Cohen & Steers by 64.9% in the 3rd quarter. GAMMA Investing LLC now owns 610 shares of the asset manager’s stock valued at $59,000 after buying an additional 240 shares during the period. Signaturefd LLC grew its position in shares of Cohen & Steers by 19.8% during the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock valued at $62,000 after buying an additional 107 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Cohen & Steers by 16.9% during the third quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock worth $79,000 after acquiring an additional 119 shares during the period. Finally, KBC Group NV bought a new position in Cohen & Steers in the third quarter worth about $106,000. 51.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and upped their target price for the company from $63.00 to $102.00 in a report on Thursday, October 17th. Evercore ISI upped their price objective on Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Cohen & Steers Stock Down 1.6 %

Cohen & Steers stock opened at $99.04 on Monday. Cohen & Steers, Inc. has a 52-week low of $64.13 and a 52-week high of $110.67. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 36.96 and a beta of 1.52. The firm has a 50-day moving average price of $100.69 and a two-hundred day moving average price of $88.50.

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

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.59 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.36 annualized dividend and a dividend yield of 2.38%. Cohen & Steers’s payout ratio is 88.06%.

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.