Cohen & Steers Inc (CNS) Stake Maintained by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY maintained its position in shares of Cohen & Steers Inc (NYSE:CNS) during the first quarter, Holdings Channel reports. The firm owned 14,543 shares of the asset manager’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Cohen & Steers were worth $581,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Cohen & Steers during the first quarter valued at approximately $103,000. Prudential Financial Inc. acquired a new position in shares of Cohen & Steers during the first quarter valued at approximately $205,000. UBS Asset Management Americas Inc. acquired a new position in shares of Cohen & Steers during the first quarter valued at approximately $212,000. Karp Capital Management Corp acquired a new position in shares of Cohen & Steers during the first quarter valued at approximately $249,000. Finally, Naples Global Advisors LLC acquired a new position in shares of Cohen & Steers during the first quarter valued at approximately $262,000. Institutional investors and hedge funds own 45.37% of the company’s stock.
Shares of Cohen & Steers Inc (NYSE CNS) traded up 0.64% during trading on Wednesday, hitting $40.59. The stock had a trading volume of 24,048 shares. The firm has a 50 day moving average price of $41.13 and a 200 day moving average price of $38.85. The firm has a market cap of $1.88 billion, a P/E ratio of 19.71 and a beta of 1.54. Cohen & Steers Inc has a 12-month low of $33.16 and a 12-month high of $43.47.
Cohen & Steers (NYSE:CNS) last posted its earnings results on Wednesday, July 19th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. Cohen & Steers had a net margin of 26.34% and a return on equity of 33.17%. The business had revenue of $92.80 million for the quarter, compared to analyst estimates of $92.52 million. During the same period in the prior year, the company posted $0.46 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts expect that Cohen & Steers Inc will post $2.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 1st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Wednesday, August 30th. Cohen & Steers’s payout ratio is currently 54.37%.
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Several equities analysts have recently commented on the company. BidaskClub downgraded Cohen & Steers from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Thursday, June 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Cohen & Steers presently has an average rating of “Hold” and an average price target of $44.50.
Cohen & Steers Company Profile
Cohen & Steers, Inc (CNS) 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.
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