Schwab Charles Investment Management Inc. Has $4.49 Million Stake in Cohen & Steers Inc (NYSE:CNS)
Schwab Charles Investment Management Inc. boosted its position in Cohen & Steers Inc (NYSE:CNS) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,224 shares of the asset manager’s stock after buying an additional 6,943 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Cohen & Steers were worth $4,486,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Cohen & Steers during the first quarter worth about $103,000. Prudential Financial Inc. purchased a new stake in shares of Cohen & Steers during the first quarter worth about $205,000. UBS Asset Management Americas Inc. purchased a new stake in shares of Cohen & Steers during the first quarter worth about $212,000. Karp Capital Management Corp purchased a new stake in shares of Cohen & Steers during the first quarter worth about $249,000. Finally, Naples Global Advisors LLC purchased a new stake in shares of Cohen & Steers during the first quarter worth about $262,000. 45.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cohen & Steers Inc (NYSE CNS) traded down 1.05% during midday trading on Friday, reaching $39.47. 123,183 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $41.05 and its 200-day moving average is $39.02. Cohen & Steers Inc has a 12-month low of $33.16 and a 12-month high of $43.47. The stock has a market cap of $1.83 billion, a PE ratio of 19.17 and a beta of 1.54.
Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Wednesday, July 19th. The asset manager reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $92.80 million for the quarter, compared to analysts’ expectations of $92.52 million. Cohen & Steers had a net margin of 26.34% and a return on equity of 33.17%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. On average, equities analysts expect that Cohen & Steers Inc will post $2.01 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 1st will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Wednesday, August 30th. Cohen & Steers’s payout ratio is presently 54.37%.
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A number of equities research analysts have issued reports on CNS shares. BidaskClub lowered shares of Cohen & Steers from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Cohen & Steers currently has an average rating of “Hold” and a consensus price target of $44.50.
About Cohen & Steers
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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