Bamco Inc. NY Sells 199,912 Shares of Cohen & Steers Inc $CNS

Bamco Inc. NY decreased its position in Cohen & Steers Inc (NYSE:CNS) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,728,387 shares of the asset manager’s stock after selling 199,912 shares during the quarter. Bamco Inc. NY owned 3.39% of Cohen & Steers worth $113,399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in Cohen & Steers by 21.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 130,719 shares of the asset manager’s stock valued at $9,850,000 after buying an additional 22,786 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Cohen & Steers by 529.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 71,038 shares of the asset manager’s stock worth $4,661,000 after acquiring an additional 59,761 shares during the last quarter. Bourgeon Capital Management LLC bought a new position in shares of Cohen & Steers during the 3rd quarter worth approximately $9,554,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Cohen & Steers in the third quarter valued at approximately $2,370,000. Finally, Alps Advisors Inc. raised its holdings in shares of Cohen & Steers by 37.8% in the third quarter. Alps Advisors Inc. now owns 96,635 shares of the asset manager’s stock valued at $6,340,000 after purchasing an additional 26,511 shares during the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Stock Up 0.0%

CNS stock opened at $62.45 on Friday. The business has a 50 day moving average price of $66.05 and a two-hundred day moving average price of $66.25. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.86 and a beta of 1.26. Cohen & Steers Inc has a twelve month low of $58.39 and a twelve month high of $83.99.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Thursday, January 22nd. The asset manager reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. The firm had revenue of $143.79 million for the quarter, compared to analyst estimates of $144.30 million. Cohen & Steers had a return on equity of 28.46% and a net margin of 27.55%.The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS.

Cohen & Steers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be issued a dividend of $0.67 per share. The ex-dividend date is Monday, March 9th. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.62. This represents a $2.68 dividend on an annualized basis and a yield of 4.3%. Cohen & Steers’s dividend payout ratio is presently 89.93%.

Analyst Upgrades and Downgrades

CNS has been the subject of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Cohen & Steers in a report on Wednesday, January 21st. Zacks Research lowered shares of Cohen & Steers from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Cohen & Steers currently has a consensus rating of “Reduce” and a consensus price target of $72.50.

Insider Transactions at Cohen & Steers

In other Cohen & Steers news, EVP Francis C. Poli sold 10,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $65.73, for a total value of $657,300.00. Following the completion of the sale, the executive vice president owned 55,675 shares in the company, valued at $3,659,517.75. This trade represents a 15.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 47.60% of the company’s stock.

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).