Susquehanna Fundamental Investments LLC Buys 11,317 Shares of Cohen & Steers Inc $CNS

Susquehanna Fundamental Investments LLC raised its stake in Cohen & Steers Inc (NYSE:CNS) by 72.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,896 shares of the asset manager’s stock after purchasing an additional 11,317 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.05% of Cohen & Steers worth $2,048,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Gabelli Funds LLC lifted its stake in Cohen & Steers by 38.0% during the 1st quarter. Gabelli Funds LLC now owns 190,395 shares of the asset manager’s stock valued at $11,909,000 after acquiring an additional 52,400 shares in the last quarter. Navellier & Associates Inc. bought a new stake in shares of Cohen & Steers in the 4th quarter worth $3,586,000. BlackRock Inc. purchased a new stake in shares of Cohen & Steers in the second quarter valued at about $343,390,000. Assenagon Asset Management S.A. purchased a new stake in shares of Cohen & Steers in the second quarter valued at about $5,021,000. Finally, Ieq Capital LLC bought a new position in shares of Cohen & Steers during the second quarter valued at about $2,671,000. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Trading Down 3.9%

CNS stock opened at $77.49 on Wednesday. The stock has a market cap of $3.98 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.97 and a beta of 1.21. The stock’s fifty day simple moving average is $80.87 and its two-hundred day simple moving average is $72.69. Cohen & Steers Inc has a 1-year low of $58.39 and a 1-year high of $86.56.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Thursday, July 16th. The asset manager reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $151.84 million for 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 company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 earnings per share. As a group, analysts forecast that Cohen & Steers Inc will post 3.53 earnings per share for the current fiscal year.

Cohen & Steers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Monday, August 10th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, August 10th. Cohen & Steers’s dividend payout ratio (DPR) is 82.21%.

Insider Activity

In other news, CAO Elena Dulik sold 1,100 shares of the 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 completion of the transaction, the chief accounting officer directly owned 22,146 shares of the company’s stock, valued at $1,841,661.36. This represents a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel Noonan sold 4,360 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total transaction of $337,158.80. Following the sale, the executive vice president owned 28,682 shares of the company’s stock, valued at approximately $2,217,979.06. The trade was a 13.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 45.40% of the company’s stock.

Wall Street Analyst Weigh In

CNS has been the topic of several analyst reports. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Evercore reiterated an “outperform” rating and issued a $88.00 price objective on shares of Cohen & Steers in a research note 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $78.00.

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).