B. Metzler seel. Sohn & Co. AG Buys 4,073 Shares of Cohen & Steers Inc $CNS

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Cohen & Steers Inc by 13.8% during the first quarter, owning 33,648 shares valued at approximately $2.7 million.
• The recent quarterly earnings report showed Cohen & Steers missed estimates with earnings per share of $0.73, falling short of the consensus estimate of $0.75.
• Cohen & Steers declared a quarterly dividend of $0.62 per share, resulting in an annualized yield of 3.4%, with a current payout ratio of 78.73%.

B. Metzler seel. Sohn & Co. AG grew its holdings in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) by 13.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,648 shares of the asset manager's stock after buying an additional 4,073 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.07% of Cohen & Steers worth $2,700,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. AlphaQuest LLC grew its holdings in shares of Cohen & Steers by 152.7% during the first quarter. AlphaQuest LLC now owns 19,327 shares of the asset manager's stock valued at $1,551,000 after buying an additional 11,678 shares during the last quarter. CW Advisors LLC grew its holdings in shares of Cohen & Steers by 1.9% during the first quarter. CW Advisors LLC now owns 87,745 shares of the asset manager's stock valued at $7,042,000 after buying an additional 1,670 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Cohen & Steers during the first quarter valued at about $213,000. Hsbc Holdings PLC grew its holdings in shares of Cohen & Steers by 9.9% during the first quarter. Hsbc Holdings PLC now owns 89,342 shares of the asset manager's stock valued at $7,147,000 after buying an additional 8,067 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of Cohen & Steers by 35.7% during the first quarter. Quantbot Technologies LP now owns 35,560 shares of the asset manager's stock valued at $2,854,000 after buying an additional 9,346 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Bank of America reduced their price objective on shares of Cohen & Steers from $67.00 to $66.00 and set an "underperform" rating for the company in a report on Monday, July 21st. One research analyst has 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 currently has an average rating of "Hold" and a consensus price target of $82.00.

Cohen & Steers Stock Down 0.8%

Cohen & Steers stock traded down $0.58 during midday trading on Wednesday, hitting $70.82. 24,089 shares of the stock were exchanged, compared to its average volume of 213,856. Cohen & Steers Inc has a 52-week low of $68.99 and a 52-week high of $110.67. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 2.50 and a beta of 1.42. The business's 50-day moving average price is $75.20 and its 200-day moving average price is $77.44.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The asset manager reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). Cohen & Steers had a return on equity of 29.95% and a net margin of 29.82%.The firm had revenue of $135.32 million for the quarter, compared to analysts' expectations of $134.59 million. During the same quarter last year, the firm posted $0.68 earnings per share. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Monday, August 11th were given a $0.62 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $2.48 annualized dividend and a yield of 3.5%. Cohen & Steers's payout ratio is currently 78.73%.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.