23,893 Shares in Cohen & Steers Inc $CNS Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 23,893 shares of Cohen & Steers during the second quarter, valued at approximately $1.5 million. Institutional investors collectively own 51.47% of the company.
• Cohen & Steers reported quarterly revenue of $151.84 million, up 12.2% year over year, although adjusted earnings of $0.85 per share fell just short of analysts’ $0.86 estimate.
• Analyst sentiment remains mixed, with an average “Hold” rating and a $78 consensus price target; the company also pays a quarterly dividend of $0.67 per share, yielding about 3.4% annually.

Corient Private Wealth LP purchased a new position in Cohen & Steers Inc (NYSE:CNS - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,893 shares of the asset manager's stock, valued at approximately $1,498,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its stake in shares of Cohen & Steers by 345.3% during the first 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. Kestra Advisory Services LLC purchased a new position in shares of Cohen & Steers in the fourth quarter worth $28,000. Aster Capital Management DIFC Ltd bought a new stake in Cohen & Steers during the 4th quarter valued at $31,000. Caitong International Asset Management Co. Ltd raised its holdings in Cohen & Steers by 110.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager's stock valued at $36,000 after buying an additional 299 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Cohen & Steers by 754.9% during the 4th quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager's stock valued at $38,000 after buying an additional 536 shares during the period. Institutional investors own 51.47% of the company's stock.

Insider Transactions at Cohen & Steers

In related news, EVP Daniel Noonan sold 4,360 shares of the business's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $77.33, for a total transaction of $337,158.80. Following the transaction, the executive vice president owned 28,682 shares in the company, valued at $2,217,979.06. The trade was a 13.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Elena Dulik sold 1,100 shares of the business's stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $83.16, for a total transaction of $91,476.00. Following the transaction, the chief accounting officer owned 22,146 shares in the company, valued at $1,841,661.36. This represents a 4.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 45.40% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CNS. Weiss Ratings raised shares of Cohen & Steers from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Evercore reaffirmed an "outperform" rating and set a $88.00 price objective on shares of Cohen & Steers in a research note on Monday, August 10th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $78.00.

Cohen & Steers Stock Performance

Shares of CNS stock opened at $78.89 on Friday. Cohen & Steers Inc has a fifty-two week low of $58.39 and a fifty-two week high of $86.56. The firm has a market cap of $4.06 billion, a P/E ratio of 24.20, a P/E/G ratio of 1.88 and a beta of 1.21. The business's 50 day moving average price is $80.97 and its 200-day moving average price is $72.85.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its earnings results on Thursday, July 16th. The asset manager reported $0.85 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $149.45 million. During the same quarter in the prior year, the company earned $0.73 EPS. Cohen & Steers's revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts predict that Cohen & Steers Inc will post 3.53 EPS for the current year.

Cohen & Steers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.4%. Cohen & Steers's payout ratio is presently 82.21%.

Cohen & Steers Company 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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