Quantbot Technologies LP Invests $567,000 in Cohen & Steers Inc $CNS

Quantbot Technologies LP bought a new position in shares of Cohen & Steers Inc (NYSE:CNS) during the 2nd quarter, HoldingsChannel reports. The firm bought 7,446 shares of the asset manager’s stock, valued at approximately $567,000.

Several other hedge funds also recently added to or reduced their stakes in CNS. Kestra Advisory Services LLC purchased a new stake in Cohen & Steers in the fourth quarter valued at about $28,000. Geneos Wealth Management Inc. increased its holdings in shares of Cohen & Steers by 345.3% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 297 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Cohen & Steers during the fourth quarter valued at about $31,000. Caitong International Asset Management Co. Ltd raised its position 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 valued at $36,000 after purchasing an additional 299 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position 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 valued at $38,000 after purchasing an additional 536 shares during the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CNS has been the topic of several research analyst reports. Weiss Ratings raised shares of Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Evercore reaffirmed an “outperform” rating and issued a $88.00 price target on shares of Cohen & Steers in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $78.00.

Insider Buying and Selling at Cohen & Steers

In other Cohen & Steers news, CAO Elena Dulik sold 1,100 shares of the company’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $83.16, for a total value of $91,476.00. Following the sale, the chief accounting officer directly owned 22,146 shares of the company’s stock, valued at approximately $1,841,661.36. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel Noonan sold 4,360 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total value of $337,158.80. Following the sale, the executive vice president directly owned 28,682 shares in the company, valued at $2,217,979.06. This represents a 13.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 45.40% of the stock is currently owned by corporate insiders.

Cohen & Steers Trading Down 0.7%

CNS opened at $82.78 on Friday. Cohen & Steers Inc has a 12-month low of $58.39 and a 12-month high of $86.56. The firm has a 50 day moving average of $80.58 and a two-hundred day moving average of $72.36. The firm has a market capitalization of $4.26 billion, a PE ratio of 25.39, a P/E/G ratio of 2.03 and a beta of 1.21.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Thursday, July 16th. The asset manager reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $151.84 million during the quarter, compared to analysts’ expectations of $149.45 million. Cohen & Steers had a net margin of 28.82% and a return on equity of 27.41%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. As a group, analysts predict that Cohen & Steers Inc will post 3.53 EPS for the current fiscal year.

Cohen & Steers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were given a dividend of $0.67 per share. The ex-dividend date was Monday, August 10th. This represents a $2.68 dividend on an annualized basis and a yield of 3.2%. Cohen & Steers’s payout ratio is currently 82.21%.

Cohen & Steers 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).