Louisiana State Employees Retirement System Takes Position in Cohen & Steers Inc $CNS

Louisiana State Employees Retirement System bought a new position in shares of Cohen & Steers Inc (NYSE:CNS) during the first quarter, HoldingsChannel reports. The institutional investor bought 12,200 shares of the asset manager’s stock, valued at approximately $763,000.

Other large investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Cohen & Steers by 215.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 770,149 shares of the asset manager’s stock worth $48,350,000 after purchasing an additional 526,096 shares in the last quarter. Norges Bank acquired a new position in Cohen & Steers in the fourth quarter worth approximately $30,232,000. Millennium Management LLC increased its holdings in shares of Cohen & Steers by 385.6% in the fourth quarter. Millennium Management LLC now owns 438,826 shares of the asset manager’s stock valued at $27,549,000 after buying an additional 348,452 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of Cohen & Steers by 15.1% in the second quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager’s stock valued at $185,790,000 after buying an additional 323,759 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Cohen & Steers during the 3rd quarter valued at $12,138,000. Institutional investors own 51.47% of the company’s stock.

Insider Buying and Selling

In other Cohen & Steers news, EVP Daniel Noonan sold 4,360 shares of the business’s 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 transaction, the executive vice president owned 28,682 shares in the company, valued at $2,217,979.06. The trade was a 13.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 45.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CNS shares. Weiss Ratings upgraded Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. Evercore reissued an “outperform” rating and issued a $82.00 price target on shares of Cohen & Steers in a research note on Monday, June 8th. Finally, Zacks Research raised shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $75.00.

Cohen & Steers Trading Up 0.3%

NYSE CNS traded up $0.25 during trading on Tuesday, reaching $79.70. 2,878 shares of the company’s stock were exchanged, compared to its average volume of 333,253. The firm has a market capitalization of $4.10 billion, a PE ratio of 26.36, a P/E/G ratio of 2.18 and a beta of 1.22. Cohen & Steers Inc has a fifty-two week low of $58.39 and a fifty-two week high of $80.21. The company’s fifty day simple moving average is $73.31 and its 200-day simple moving average is $67.93.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Thursday, April 16th. The asset manager reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). The company had revenue of $144.26 million for the quarter, compared to analysts’ expectations of $140.62 million. Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. Equities analysts forecast that Cohen & Steers Inc will post 3.47 EPS for the current fiscal year.

Cohen & Steers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. Cohen & Steers’s dividend payout ratio (DPR) is presently 88.45%.

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).