Key Points
- Francis Poli, EVP, sold 9,696 Cohen & Steers shares on Feb. 11 at an average price of $65.63 for roughly $636,348, trimming his stake by 12.86% to 65,675 shares (SEC filing).
- Cohen & Steers reported quarterly EPS of $0.81 (in line with estimates) and revenue of $143.79M (slightly below consensus); the stock trades around $66 with a market cap of $3.37B and a 52‑week range of $58.39–$88.76.
- About 51.5% of the stock is institutionally owned—several large managers have increased positions—yet analysts are mixed, with a MarketBeat consensus of "Reduce" and a $72.50 target.
Cohen & Steers Inc (NYSE:CNS - Get Free Report) EVP Francis Poli sold 9,696 shares of Cohen & Steers stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $65.63, for a total value of $636,348.48. Following the transaction, the executive vice president owned 65,675 shares in the company, valued at $4,310,250.25. This trade represents a 12.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Cohen & Steers Stock Up 2.0%
Shares of CNS opened at $66.11 on Friday. The business has a 50-day simple moving average of $64.69 and a two-hundred day simple moving average of $67.56. Cohen & Steers Inc has a 52 week low of $58.39 and a 52 week high of $88.76. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.93 and a beta of 1.27.
Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The asset manager reported $0.81 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.81. Cohen & Steers had a return on equity of 29.37% and a net margin of 27.55%.The company had revenue of $143.79 million during the quarter, compared to the consensus estimate of $144.30 million. During the same period in the previous year, the company posted $0.78 EPS. The firm's revenue was up 2.9% on a year-over-year basis.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP increased its stake in Cohen & Steers by 15.1% in the 2nd quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager's stock worth $185,790,000 after buying an additional 323,759 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Cohen & Steers by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,123,999 shares of the asset manager's stock worth $70,566,000 after acquiring an additional 8,075 shares during the period. State Street Corp raised its stake in shares of Cohen & Steers by 0.8% during the second quarter. State Street Corp now owns 1,116,966 shares of the asset manager's stock valued at $84,163,000 after acquiring an additional 9,099 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cohen & Steers by 1.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,076,846 shares of the asset manager's stock valued at $81,140,000 after purchasing an additional 18,537 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Cohen & Steers by 215.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 770,149 shares of the asset manager's stock worth $48,350,000 after purchasing an additional 526,096 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on CNS shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cohen & Steers in a report on Wednesday, January 21st. Zacks Research lowered shares of Cohen & Steers from a "hold" rating to a "strong sell" rating in a report on Thursday, January 15th. Finally, Evercore boosted their target price on shares of Cohen & Steers from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday, October 20th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $72.50.
Read Our Latest Analysis on CNS
About Cohen & Steers
(
Get Free Report)
Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.
The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).
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