Eagle Asset Management Inc. Sells 80,963 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Eagle Asset Management Inc. lessened its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 28.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,471 shares of the asset manager’s stock after selling 80,963 shares during the period. Eagle Asset Management Inc.’s holdings in Cohen & Steers were worth $20,825,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of Cohen & Steers by 19.8% in the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock valued at $62,000 after acquiring an additional 107 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Cohen & Steers by 16.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock valued at $79,000 after acquiring an additional 119 shares in the last quarter. Mendel Capital Management LLC grew its holdings in shares of Cohen & Steers by 3.3% in the 3rd quarter. Mendel Capital Management LLC now owns 4,495 shares of the asset manager’s stock valued at $431,000 after acquiring an additional 145 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Cohen & Steers by 5.5% in the 2nd quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager’s stock valued at $238,000 after acquiring an additional 172 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Cohen & Steers by 4.0% in the 2nd quarter. Inspire Investing LLC now owns 4,864 shares of the asset manager’s stock valued at $353,000 after acquiring an additional 185 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CNS shares. Evercore ISI raised their price objective on Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. UBS Group upgraded shares of Cohen & Steers from a “sell” rating to a “neutral” rating and raised their target price for the company from $63.00 to $102.00 in a research note on Thursday, October 17th.

Cohen & Steers Trading Up 1.4 %

NYSE CNS opened at $103.44 on Friday. Cohen & Steers, Inc. has a 1-year low of $56.23 and a 1-year high of $110.67. The company has a 50 day moving average of $98.47 and a 200-day moving average of $85.07. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 38.60 and a beta of 1.53.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $133.20 million for the quarter, compared to analysts’ expectations of $124.18 million. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share.

Cohen & Steers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.36 dividend on an annualized basis and a yield of 2.28%. Cohen & Steers’s dividend payout ratio (DPR) is 88.06%.

About Cohen & Steers

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.