B. Metzler seel. Sohn & Co. AG Decreases Stake in Cohen & Steers Inc $CNS

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its Cohen & Steers stake by 45% in the second quarter, selling 15,829 shares and retaining 19,380 shares valued at approximately $1.48 million. Institutional investors collectively own 51.47% of the company.
• Several Cohen & Steers insiders also sold shares, including executive Daniel Noonan and chief accounting officer Elena Dulik. Company insiders still own 45.40% of the stock.
• Analyst sentiment remains mixed, with an overall “Hold” rating and a consensus price target of $78, while the company reported quarterly revenue growth of 12.2% and declared a quarterly dividend of $0.67, yielding about 3.4% annually.

B. Metzler seel. Sohn & Co. AG cut its stake in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) by 45.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,380 shares of the asset manager's stock after selling 15,829 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Cohen & Steers were worth $1,476,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Cohen & Steers during the 2nd quarter valued at approximately $29,000. Geneos Wealth Management Inc. increased its stake in 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 in the last quarter. Kestra Advisory Services LLC purchased a new position in Cohen & Steers in the 4th quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd acquired a new position in Cohen & Steers during the fourth quarter worth $31,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Cohen & Steers by 110.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager's stock worth $36,000 after purchasing an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 51.47% of the company's stock.

Insider Activity

In other news, EVP Daniel Noonan sold 4,360 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president owned 28,682 shares of the company's stock, valued at $2,217,979.06. The trade was a 13.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Elena Dulik sold 1,100 shares of the company's stock in a transaction that occurred on 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 directly owned 22,146 shares in the company, valued at $1,841,661.36. The trade was a 4.73% decrease in their position. The SEC filing for this sale provides additional information. 45.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on CNS. Evercore reissued an "outperform" rating and issued a $88.00 target price on shares of Cohen & Steers in a report on Monday, August 10th. Weiss Ratings upgraded shares of Cohen & Steers from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $78.00.

Cohen & Steers Stock Performance

Shares of NYSE:CNS opened at $79.96 on Friday. The business's fifty day moving average price is $81.00 and its two-hundred day moving average price is $72.90. The stock has a market cap of $4.11 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. Cohen & Steers Inc has a one year low of $58.39 and a one year high of $86.56.

Cohen & Steers (NYSE:CNS - Get Free Report) last released 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 return on equity of 27.41% and a net margin of 28.82%.The business's revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. As a group, equities research analysts predict that Cohen & Steers Inc will post 3.53 earnings per share for the current fiscal year.

Cohen & Steers Announces Dividend

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