Cohen & Steers (CNS) Reaches New 12-Month Low at $34.29

Cohen & Steers, Inc. (NYSE:CNS) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $34.29 and last traded at $35.34, with a volume of 7274 shares traded. The stock had previously closed at $35.59.

Several research firms recently commented on CNS. Zacks Investment Research upgraded Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Tuesday, September 18th. ValuEngine lowered Cohen & Steers from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $44.50.

The stock has a market capitalization of $1.66 billion, a P/E ratio of 17.22, a PEG ratio of 1.63 and a beta of 1.07.



Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, October 17th. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The business had revenue of $98.30 million during the quarter, compared to the consensus estimate of $99.05 million. Cohen & Steers had a net margin of 28.13% and a return on equity of 38.16%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. On average, equities analysts predict that Cohen & Steers, Inc. will post 2.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Monday, November 19th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.70%. The ex-dividend date was Friday, November 16th. Cohen & Steers’s payout ratio is currently 63.77%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in Cohen & Steers in the third quarter worth about $108,000. Sageworth Trust Co lifted its stake in Cohen & Steers by 500.0% in the third quarter. Sageworth Trust Co now owns 3,000 shares of the asset manager’s stock worth $122,000 after purchasing an additional 2,500 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in Cohen & Steers in the second quarter worth about $202,000. MML Investors Services LLC bought a new stake in Cohen & Steers in the third quarter worth about $216,000. Finally, Envestnet Asset Management Inc. lifted its stake in Cohen & Steers by 33.9% in the second quarter. Envestnet Asset Management Inc. now owns 5,499 shares of the asset manager’s stock worth $229,000 after purchasing an additional 1,391 shares during the last quarter. 48.52% of the stock is owned by institutional investors and hedge funds.

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About Cohen & Steers (NYSE:CNS)

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.

Read More: Diversification

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