17,521 Shares in Cohen & Steers Inc $CNS Bought by Moody National Bank Trust Division

Key Points

• Moody National Bank Trust Division acquired 17,521 shares of Cohen & Steers, valued at approximately $1.33 million, while institutional investors and hedge funds collectively own 51.47% of the company.
• Cohen & Steers reported quarterly revenue of $151.84 million, up 12.2% year over year, but earnings of $0.85 per share narrowly missed analyst expectations. The stock opened at $84.22, near its 12-month high of $85.63.
• The company declared a quarterly dividend of $0.67 per share, equivalent to an annualized $2.68 payout and a 3.2% yield. Analysts maintain a consensus “Hold” rating with a $76 average price target.

Moody National Bank Trust Division acquired a new position in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,521 shares of the asset manager's stock, valued at approximately $1,334,000.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of Cohen & Steers by 2.0% in the 1st quarter. Royal Bank of Canada now owns 51,397 shares of the asset manager's stock valued at $4,124,000 after buying an additional 1,003 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cohen & Steers by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,367 shares of the asset manager's stock worth $1,313,000 after acquiring an additional 716 shares in the last quarter. Millennium Management LLC boosted its position in shares of Cohen & Steers by 485.1% during the 1st quarter. Millennium Management LLC now owns 93,175 shares of the asset manager's stock worth $7,477,000 after acquiring an additional 77,251 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Cohen & Steers during the 1st quarter worth approximately $172,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Cohen & Steers by 3.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,742 shares of the asset manager's stock valued at $5,838,000 after acquiring an additional 2,155 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Trading Up 0.2%

Shares of NYSE CNS opened at $84.22 on Thursday. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 2.07 and a beta of 1.21. Cohen & Steers Inc has a 12 month low of $58.39 and a 12 month high of $85.63. The stock has a 50-day moving average price of $77.57 and a two-hundred day moving average price of $70.37.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The asset manager reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The company had revenue of $151.84 million during the quarter, compared to analyst estimates of $149.45 million. Cohen & Steers had a net margin of 28.82% and a return on equity of 27.41%. The company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. On average, sell-side analysts predict that Cohen & Steers Inc will post 3.49 earnings per share for the current year.

Cohen & Steers Announces Dividend

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

Wall Street Analyst Weigh In

CNS has been the subject of several research analyst reports. Evercore restated an "outperform" rating and set a $84.00 price objective on shares of Cohen & Steers in a research report on Friday, July 10th. Weiss Ratings raised Cohen & Steers from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $76.00.

Insider Buying and Selling

In other news, EVP Daniel Noonan sold 4,360 shares of the 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 directly owned 28,682 shares in the company, valued at approximately $2,217,979.06. This represents a 13.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Elena Dulik sold 1,100 shares of the firm's stock in a transaction on Monday, July 20th. The shares were 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 approximately $1,841,661.36. This trade represents a 4.73% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 45.40% of the company's stock.

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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