Keybank National Association OH Buys Shares of 6,671 Cohen & Steers Inc $CNS

Keybank National Association OH purchased a new stake in Cohen & Steers Inc (NYSE:CNS) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,671 shares of the asset manager’s stock, valued at approximately $417,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its stake in shares of Cohen & Steers by 2.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,338 shares of the asset manager’s stock worth $398,000 after acquiring an additional 176 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Cohen & Steers by 0.9% in the second quarter. Thrivent Financial for Lutherans now owns 19,867 shares of the asset manager’s stock valued at $1,497,000 after acquiring an additional 185 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Cohen & Steers by 0.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 30,194 shares of the asset manager’s stock worth $2,276,000 after purchasing an additional 229 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Cohen & Steers by 1.4% in the fourth quarter. State of Alaska Department of Revenue now owns 16,333 shares of the asset manager’s stock worth $1,024,000 after purchasing an additional 231 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position 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 worth $31,000 after purchasing an additional 297 shares in the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Insider Transactions at Cohen & Steers

In other Cohen & Steers news, EVP Daniel Noonan sold 4,360 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were 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 of the company’s stock, valued at approximately $2,217,979.06. This represents a 13.20% 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. 45.40% of the stock is owned by corporate insiders.

Cohen & Steers Stock Up 0.7%

Shares of NYSE:CNS opened at $77.01 on Friday. Cohen & Steers Inc has a 52-week low of $58.39 and a 52-week high of $80.48. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.12 and a beta of 1.22. The business has a 50-day moving average price of $73.87 and a 200-day moving average price of $68.25.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Thursday, April 16th. The asset manager reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.03). Cohen & Steers had a return on equity of 27.60% and a net margin of 27.47%.The business had revenue of $144.26 million during the quarter, compared to analyst estimates of $140.62 million. During the same quarter last year, the company posted $0.75 EPS. Cohen & Steers’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts anticipate that Cohen & Steers Inc will post 3.47 EPS for the current fiscal year.

Cohen & Steers Dividend Announcement

The firm also recently announced 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 was Monday, May 11th. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. Cohen & Steers’s payout ratio is currently 88.45%.

Wall Street Analyst Weigh In

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

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).