BTIM Corp. Sells 511 Shares of Cohen & Steers Inc. (CNS)
BTIM Corp. reduced its position in shares of Cohen & Steers Inc. (NYSE:CNS) by 0.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 840,110 shares of the company’s stock after selling 511 shares during the period. BTIM Corp.’s holdings in Cohen & Steers were worth $35,915,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Eagle Boston Investment Management Inc. boosted its position in Cohen & Steers by 1.0% in the third quarter. Eagle Boston Investment Management Inc. now owns 31,601 shares of the company’s stock worth $1,350,000 after buying an additional 327 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Cohen & Steers by 59.4% in the third quarter. BNP Paribas Arbitrage SA now owns 2,566 shares of the company’s stock worth $110,000 after buying an additional 956 shares during the last quarter. KAMES CAPITAL plc purchased a new position in Cohen & Steers during the second quarter worth about $693,000. Schwab Charles Investment Management Inc. boosted its position in Cohen & Steers by 17.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 99,872 shares of the company’s stock worth $4,039,000 after buying an additional 15,163 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Cohen & Steers by 20.5% in the second quarter. Legal & General Group Plc now owns 4,078 shares of the company’s stock worth $162,000 after buying an additional 695 shares during the last quarter. Hedge funds and other institutional investors own 44.53% of the company’s stock.
Shares of Cohen & Steers Inc. (NYSE:CNS) traded down 0.31% during trading on Wednesday, hitting $35.59. 18,186 shares of the company traded hands. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 20.79 and a beta of 1.51. Cohen & Steers Inc. has a 52 week low of $26.72 and a 52 week high of $43.83. The company has a 50 day moving average price of $36.70 and a 200 day moving average price of $40.03.
Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, October 19th. The company reported $0.51 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.51. Cohen & Steers had a net margin of 21.24% and a return on equity of 32.61%. The firm earned $94.39 million during the quarter, compared to analyst estimates of $1.02 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Cohen & Steers’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, analysts expect that Cohen & Steers Inc. will post $1.89 earnings per share for the current year.
The business also recently announced a dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 23rd will be given a dividend of $0.76 per share. This is a positive change from Cohen & Steers’s previous dividend of $0.25. The ex-dividend date is Monday, November 21st. Cohen & Steers’s dividend payout ratio is currently 66.67%.
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A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Cohen & Steers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 25th. Keefe, Bruyette & Woods set a $45.00 price objective on shares of Cohen & Steers and gave the company a “hold” rating in a research report on Friday, October 14th. Finally, Credit Suisse Group AG set a $42.00 price objective on shares of Cohen & Steers and gave the company a “hold” rating in a research report on Sunday, September 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.40.
About Cohen & Steers
Cohen & Steers, Inc is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors around the world.
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