Gabelli Funds LLC Boosts Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Gabelli Funds LLC boosted its stake in Cohen & Steers, Inc. (NYSE:CNSFree Report) by 25.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,500 shares of the asset manager’s stock after acquiring an additional 1,500 shares during the period. Gabelli Funds LLC’s holdings in Cohen & Steers were worth $568,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. purchased a new position in Cohen & Steers in the fourth quarter valued at approximately $28,000. SRS Capital Advisors Inc. lifted its position in shares of Cohen & Steers by 294.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 548 shares of the asset manager’s stock valued at $41,000 after buying an additional 409 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Cohen & Steers during the 4th quarter worth $142,000. Beacon Pointe Advisors LLC purchased a new stake in Cohen & Steers in the 4th quarter worth about $209,000. Finally, Naples Global Advisors LLC bought a new stake in Cohen & Steers in the 4th quarter valued at about $215,000. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Stock Performance

Shares of CNS opened at $69.04 on Tuesday. Cohen & Steers, Inc. has a 52-week low of $50.05 and a 52-week high of $78.58. The stock’s 50-day simple moving average is $71.13 and its 200 day simple moving average is $70.50. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 26.86 and a beta of 1.49.

Cohen & Steers (NYSE:CNSGet Free Report) last announced its quarterly earnings results on Thursday, April 18th. The asset manager reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.01). Cohen & Steers had a net margin of 26.27% and a return on equity of 36.67%. The company had revenue of $122.71 million for the quarter, compared to the consensus estimate of $125.01 million. During the same quarter in the prior year, the company earned $0.76 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis.

Cohen & Steers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.36 annualized dividend and a dividend yield of 3.42%. Cohen & Steers’s payout ratio is currently 91.83%.

Analysts Set New Price Targets

Separately, UBS Group cut their target price on shares of Cohen & Steers from $69.00 to $67.00 and set a “sell” rating for the company in a research report on Friday, April 12th.

Read Our Latest Stock Report on Cohen & Steers

Insider Transactions at Cohen & Steers

In other news, EVP Jon Cheigh sold 7,159 shares of Cohen & Steers stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $72.57, for a total transaction of $519,528.63. Following the completion of the sale, the executive vice president now owns 167,018 shares in the company, valued at approximately $12,120,496.26. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 47.60% of the company’s stock.

About Cohen & Steers

(Free Report)

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.

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

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