Insider Selling: Cohen & Steers (NYSE:CNS) CAO Sells $91,476.00 in Stock

Cohen & Steers Inc (NYSE:CNS) CAO Elena Dulik sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $83.16, for a total transaction of $91,476.00. Following the sale, the chief accounting officer directly owned 22,146 shares of the company’s stock, valued at $1,841,661.36. This trade represents a 4.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Cohen & Steers Trading Down 0.2%

CNS stock opened at $81.52 on Friday. The stock’s 50 day simple moving average is $76.60 and its 200 day simple moving average is $69.95. Cohen & Steers Inc has a 12-month low of $58.39 and a 12-month high of $84.93. The stock has a market capitalization of $4.19 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 2.01 and a beta of 1.22.

Cohen & Steers (NYSE:CNS) last posted its earnings results on Thursday, July 16th. The asset manager reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Cohen & Steers had a return on equity of 28.03% and a net margin of 28.82%.The business had revenue of $151.84 million during the quarter, compared to the consensus estimate of $149.45 million. During the same period in the previous year, the business posted $0.73 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, research analysts predict that Cohen & Steers Inc will post 3.49 earnings per share for the current year.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, August 10th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.68 annualized dividend and a dividend yield of 3.3%. Cohen & Steers’s dividend payout ratio (DPR) is 82.21%.

Wall Street Analysts Forecast Growth

CNS has been the subject of a number of recent analyst reports. Evercore reissued an “outperform” rating and issued a $84.00 target price on shares of Cohen & Steers in a research report on Friday, July 10th. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $76.00.

Institutional Trading of Cohen & Steers

A number of hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in Cohen & Steers in the fourth quarter valued at about $28,000. Geneos Wealth Management Inc. increased its position in shares of Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 297 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Cohen & Steers during the 4th quarter valued at about $31,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Cohen & Steers by 110.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock worth $36,000 after purchasing an additional 299 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in shares of Cohen & Steers by 754.9% in the 4th quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock worth $38,000 after purchasing an additional 536 shares during the period. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Company Profile

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).