Key Points
- EVP Daniel Noonan sold 4,360 shares of Cohen & Steers stock at an average price of $77.33, a transaction worth about $337,159. After the sale, he still held 28,682 shares, cutting his ownership by 13.2%.
- The stock was trading around $76.61, near its 12-month high of $78.81, with a market cap of $3.94 billion. Cohen & Steers also reported quarterly EPS of $0.79, slightly below estimates, while revenue came in above expectations at $144.26 million.
- The company recently paid a quarterly dividend of $0.67 per share, or $2.68 annualized, for a yield of 3.5%. Analysts currently rate the stock a Hold, with a consensus target price of $75.00.
Cohen & Steers Inc (NYSE:CNS - Get Free Report) EVP Daniel Noonan sold 4,360 shares of the firm's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total value of $337,158.80. Following the completion of the transaction, the executive vice president owned 28,682 shares in the company, valued at $2,217,979.06. This represents a 13.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Cohen & Steers Stock Down 0.7%
NYSE:CNS opened at $76.61 on Wednesday. Cohen & Steers Inc has a 12-month low of $58.39 and a 12-month high of $78.81. The firm has a market capitalization of $3.94 billion, a P/E ratio of 25.28, a P/E/G ratio of 2.19 and a beta of 1.25. The stock's fifty day simple moving average is $70.26 and its 200-day simple moving average is $66.53.
Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The asset manager reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.03). The company had revenue of $144.26 million during the quarter, compared to the consensus estimate of $140.62 million. Cohen & Steers had a return on equity of 27.60% and a net margin of 27.47%.The firm's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. As a group, equities research analysts expect that Cohen & Steers Inc will post 3.38 earnings per share for the current year.
Cohen & Steers Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, May 11th. This represents a $2.68 annualized dividend and a yield of 3.5%. Cohen & Steers's payout ratio is currently 88.45%.
Institutional Trading of Cohen & Steers
Several hedge funds and other institutional investors have recently modified their holdings of CNS. Kestra Advisory Services LLC acquired a new stake in shares of Cohen & Steers in the 4th quarter valued at about $28,000. Geneos Wealth Management Inc. raised its stake in shares of Cohen & Steers by 345.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager's stock valued at $31,000 after purchasing an additional 297 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Cohen & Steers in the 4th quarter valued at about $31,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Cohen & Steers by 110.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager's stock valued at $36,000 after purchasing an additional 299 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in shares of Cohen & Steers by 754.9% in the 4th quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager's stock valued at $38,000 after purchasing an additional 536 shares during the period. Institutional investors and hedge funds own 51.47% of the company's stock.
Analyst Ratings Changes
CNS has been the topic of several recent analyst reports. Evercore reiterated an "outperform" rating and set a $82.00 target price on shares of Cohen & Steers in a report on Monday, June 8th. Zacks Research upgraded Cohen & Steers from a "strong sell" rating to a "hold" rating in a report on Friday, March 27th. Finally, Weiss Ratings upgraded Cohen & Steers from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cohen & Steers presently has a consensus rating of "Hold" and a consensus target price of $75.00.
Read Our Latest Research Report on CNS
Cohen & Steers Company Profile
(
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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