2,528 Shares in Cohen & Steers, Inc. (NYSE:CNS) Purchased by Associated Banc Corp

Associated Banc Corp acquired a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,528 shares of the asset manager’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNS. Silvercrest Asset Management Group LLC purchased a new stake in shares of Cohen & Steers in the 1st quarter worth approximately $5,193,000. Harbor Capital Advisors Inc. grew its stake in shares of Cohen & Steers by 292.6% in the second quarter. Harbor Capital Advisors Inc. now owns 12,236 shares of the asset manager’s stock worth $888,000 after acquiring an additional 9,119 shares during the last quarter. Creative Planning increased its holdings in shares of Cohen & Steers by 9.5% during the second quarter. Creative Planning now owns 11,940 shares of the asset manager’s stock valued at $866,000 after acquiring an additional 1,034 shares in the last quarter. Rhumbline Advisers raised its position in shares of Cohen & Steers by 101.6% in the 2nd quarter. Rhumbline Advisers now owns 77,146 shares of the asset manager’s stock worth $5,598,000 after purchasing an additional 38,887 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Cohen & Steers in the 3rd quarter worth about $5,025,000. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Stock Up 1.0 %

CNS opened at $106.60 on Wednesday. Cohen & Steers, Inc. has a twelve month low of $56.23 and a twelve month high of $110.67. The firm has a 50 day moving average price of $98.70 and a 200-day moving average price of $85.48. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 39.78 and a beta of 1.53.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $124.18 million. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 EPS.

Cohen & Steers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Monday, November 18th. Cohen & Steers’s dividend payout ratio is 88.06%.

Analyst Upgrades and Downgrades

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

Cohen & Steers Profile

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.