Bamco Inc. NY Takes $11.69 Million Position in Cohen & Steers Inc $CNS

Bamco Inc. NY acquired a new position in Cohen & Steers Inc (NYSE:CNS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 153,511 shares of the asset manager's stock, valued at approximately $11,688,000. Bamco Inc. NY owned about 0.30% of Cohen & Steers at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jupiter Topco LLC acquired a new position in Cohen & Steers during the 2nd quarter worth $943,000. Legal & General Group Plc bought a new position in shares of Cohen & Steers in the second quarter worth about $5,612,000. The Manufacturers Life Insurance Company acquired a new position in shares of Cohen & Steers during the 2nd quarter worth about $1,137,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Cohen & Steers during the 2nd quarter valued at approximately $1,138,000. Finally, Compass Financial Management LLC acquired a new stake in Cohen & Steers in the 2nd quarter valued at approximately $41,000. 51.47% of the stock is owned by institutional investors.

Insider Activity at Cohen & Steers

In related news, CAO Elena Dulik sold 1,100 shares of the business'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 owned 22,146 shares of the company's stock, valued at $1,841,661.36. The trade was a 4.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 trade represents a 13.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 45.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CNS shares. Evercore reaffirmed an "outperform" rating and set a $88.00 target price on shares of Cohen & Steers in a research report on Monday, August 10th. Weiss Ratings raised shares of Cohen & Steers from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 6th. Two equities research 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 MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $78.00.

Cohen & Steers Price Performance

Shares of Cohen & Steers stock opened at $82.78 on Friday. Cohen & Steers Inc has a 52-week low of $58.39 and a 52-week high of $86.56. The firm has a market capitalization of $4.26 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21. The company's fifty day moving average price is $80.58 and its two-hundred day moving average price is $72.36.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its earnings results on Thursday, July 16th. The asset manager reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $151.84 million for 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%. Cohen & Steers's revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 earnings per share. Analysts predict that Cohen & Steers Inc will post 3.53 earnings per share for the current fiscal year.

Cohen & Steers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, August 10th were issued a $0.67 dividend. 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 3.2%. Cohen & Steers's dividend 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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