13,111 Shares in Cohen & Steers Inc $CNS Purchased by Walleye Capital LLC

Key Points

• Walleye Capital initiated a position in Cohen & Steers by purchasing 13,111 shares valued at approximately $998,000. Hedge funds and institutional investors collectively own 51.47% of the company.
• Analyst sentiment remains mixed: Evercore reiterated an “outperform” rating with an $88 price target, while the overall consensus is “Hold” with an average target of $78.
• Cohen & Steers reported quarterly revenue growth of 12.2% year over year, though EPS of $0.85 narrowly missed estimates. The company also announced a quarterly dividend of $0.67 per share, representing a 3.2% yield.

Walleye Capital LLC bought a new position in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,111 shares of the asset manager's stock, valued at approximately $998,000.

Other hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new stake in shares of Cohen & Steers during the 4th quarter valued at approximately $28,000. Geneos Wealth Management Inc. boosted its stake in shares of Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager's stock worth $31,000 after acquiring an additional 297 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Cohen & Steers in the 4th quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd grew its holdings 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 worth $36,000 after acquiring an additional 299 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in 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 in the last quarter. 51.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CNS. Evercore reaffirmed an "outperform" rating and set a $88.00 price objective on shares of Cohen & Steers in a report on Monday. Weiss Ratings raised Cohen & Steers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $78.00.

Cohen & Steers Price Performance

Shares of NYSE CNS opened at $84.69 on Friday. Cohen & Steers Inc has a 12-month low of $58.39 and a 12-month high of $86.56. The company has a market capitalization of $4.35 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 2.09 and a beta of 1.21. The firm's 50-day moving average is $79.41 and its two-hundred day moving average is $71.12.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The asset manager reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). Cohen & Steers had a net margin of 28.82% and a return on equity of 27.41%. The business had revenue of $151.84 million during the quarter, compared to analyst estimates of $149.45 million. During the same quarter in the prior year, the company earned $0.73 earnings per share. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. On average, analysts forecast that Cohen & Steers Inc will post 3.53 EPS for the current fiscal year.

Cohen & Steers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, August 10th. Cohen & Steers's dividend payout ratio is 82.21%.

Insiders Place Their Bets

In other news, CAO Elena Dulik sold 1,100 shares of the company's stock in a transaction on Monday, July 20th. The stock was sold at an average price of $83.16, for a total value of $91,476.00. Following the sale, the chief accounting officer directly owned 22,146 shares in the company, valued at $1,841,661.36. This represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel Noonan sold 4,360 shares of the company's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $77.33, for a total value of $337,158.80. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. 45.40% of the stock is currently owned by corporate insiders.

Cohen & Steers Profile

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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