6,354 Shares in Cohen & Steers Inc (CNS) Acquired by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. acquired a new position in Cohen & Steers Inc (NYSE:CNS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,354 shares of the asset manager’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CNS. Acadian Asset Management LLC purchased a new position in Cohen & Steers in the second quarter worth about $140,000. BNP Paribas Arbitrage SA boosted its position in Cohen & Steers by 545.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,617 shares of the asset manager’s stock worth $147,000 after purchasing an additional 3,057 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Cohen & Steers in the second quarter worth about $183,000. SG Americas Securities LLC boosted its position in Cohen & Steers by 85.7% in the second quarter. SG Americas Securities LLC now owns 4,806 shares of the asset manager’s stock worth $195,000 after purchasing an additional 2,218 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Cohen & Steers by 29.4% in the second quarter. Prudential Financial Inc. now owns 6,640 shares of the asset manager’s stock worth $269,000 after purchasing an additional 1,510 shares during the last quarter. Institutional investors own 44.60% of the company’s stock.

Cohen & Steers Inc (NYSE CNS) opened at $44.69 on Tuesday. Cohen & Steers Inc has a 12-month low of $33.19 and a 12-month high of $47.29. The firm has a market capitalization of $2,113.70, a PE ratio of 22.82, a PEG ratio of 2.67 and a beta of 1.65.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, October 18th. The asset manager reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. Cohen & Steers had a return on equity of 32.82% and a net margin of 26.53%. The firm had revenue of $96.40 million for the quarter, compared to analysts’ expectations of $95.76 million. During the same period in the previous year, the firm earned $0.51 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. analysts predict that Cohen & Steers Inc will post 2.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.51%. Cohen & Steers’s payout ratio is currently 53.85%.

CNS has been the topic of several research reports. Zacks Investment Research raised Cohen & Steers from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Monday, September 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $45.00 target price on shares of Cohen & Steers in a research report on Friday, October 20th. BidaskClub cut Cohen & Steers from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Credit Suisse Group raised their target price on Cohen & Steers from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, October 20th. Finally, Bank of America raised their target price on Cohen & Steers from $35.00 to $38.00 and gave the stock an “underperform” rating in a research report on Friday, October 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Cohen & Steers currently has a consensus rating of “Hold” and an average target price of $43.60.

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Cohen & Steers Company Profile

Cohen & Steers, Inc (CNS) is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors.

Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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