Cohen & Steers Inc $CNS Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its position in shares of Cohen & Steers Inc (NYSE:CNS) by 3.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 303,095 shares of the asset manager’s stock after buying an additional 9,745 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Cohen & Steers were worth $18,959,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Cohen & Steers by 2.0% during the first quarter. Royal Bank of Canada now owns 51,397 shares of the asset manager’s stock worth $4,124,000 after acquiring an additional 1,003 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cohen & Steers by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,367 shares of the asset manager’s stock worth $1,313,000 after purchasing an additional 716 shares in the last quarter. Millennium Management LLC lifted its position in Cohen & Steers by 485.1% in the first quarter. Millennium Management LLC now owns 93,175 shares of the asset manager’s stock valued at $7,477,000 after purchasing an additional 77,251 shares during the period. Jones Financial Companies Lllp acquired a new stake in Cohen & Steers in the first quarter valued at about $172,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Cohen & Steers by 3.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,742 shares of the asset manager’s stock valued at $5,838,000 after purchasing an additional 2,155 shares in the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CNS. Evercore reiterated an “outperform” rating and set a $84.00 target price on shares of Cohen & Steers in a research report on Friday, July 10th. Weiss Ratings raised Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $76.00.

Cohen & Steers Stock Performance

Shares of NYSE CNS opened at $81.31 on Friday. The firm has a market capitalization of $4.18 billion, a P/E ratio of 24.94, a PEG ratio of 2.01 and a beta of 1.22. Cohen & Steers Inc has a one year low of $58.39 and a one year high of $84.93. The company’s fifty day moving average is $75.83 and its two-hundred day moving average is $69.50.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Thursday, July 16th. The asset manager reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $151.84 million for the quarter, compared to analyst estimates of $149.45 million. Cohen & Steers had a return on equity of 28.03% and a net margin of 28.82%.The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. On average, sell-side analysts forecast that Cohen & Steers Inc will post 3.59 earnings per share for the current fiscal year.

Cohen & Steers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, May 11th. Cohen & Steers’s dividend payout ratio is presently 82.21%.

Insiders Place Their Bets

In other Cohen & Steers news, EVP Daniel Noonan sold 4,360 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $77.33, for a total transaction of $337,158.80. Following the transaction, the executive vice president directly owned 28,682 shares in the company, valued at approximately $2,217,979.06. This represents a 13.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 45.40% of the company’s stock.

About Cohen & Steers

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).