QSV Equity Investors LLC Reduces Stock Position in Cohen & Steers Inc $CNS

Key Points

• QSV Equity Investors LLC reduced its stake in Cohen & Steers Inc (NYSE:CNS) by 27.8%, now holding 15,009 shares valued at approximately $1.2 million.
• Bank of America lowered its target price for Cohen & Steers from $67.00 to $66.00, assigning an "underperform" rating.
• Cohen & Steers announced a quarterly dividend of $0.62, with an ex-dividend date set for August 11th, representing a 3.3% yield.

QSV Equity Investors LLC trimmed its position in Cohen & Steers Inc (NYSE:CNS - Free Report) by 27.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 15,009 shares of the asset manager's stock after selling 5,781 shares during the period. QSV Equity Investors LLC's holdings in Cohen & Steers were worth $1,204,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CNS. Wells Fargo & Company MN grew its position in Cohen & Steers by 8.8% in the 4th quarter. Wells Fargo & Company MN now owns 49,090 shares of the asset manager's stock worth $4,533,000 after purchasing an additional 3,961 shares in the last quarter. Bank of Montreal Can grew its position in Cohen & Steers by 9.6% in the 4th quarter. Bank of Montreal Can now owns 3,528 shares of the asset manager's stock worth $326,000 after purchasing an additional 310 shares in the last quarter. Barclays PLC grew its position in Cohen & Steers by 11.6% in the 4th quarter. Barclays PLC now owns 56,664 shares of the asset manager's stock worth $5,233,000 after purchasing an additional 5,899 shares in the last quarter. XTX Topco Ltd bought a new stake in Cohen & Steers in the 4th quarter worth about $301,000. Finally, First Trust Advisors LP grew its position in Cohen & Steers by 426.0% in the 4th quarter. First Trust Advisors LP now owns 41,960 shares of the asset manager's stock worth $3,875,000 after purchasing an additional 33,983 shares in the last quarter. 51.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Bank of America reduced their target price on shares of Cohen & Steers from $67.00 to $66.00 and set an "underperform" rating for the company in a research report on Monday, July 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cohen & Steers currently has a consensus rating of "Hold" and a consensus target price of $82.00.

Cohen & Steers Price Performance

Shares of Cohen & Steers stock traded up $4.4010 on Friday, reaching $76.2510. 352,319 shares of the company traded hands, compared to its average volume of 203,701. Cohen & Steers Inc has a 52 week low of $68.99 and a 52 week high of $110.67. The company has a 50 day moving average of $75.29 and a 200 day moving average of $78.09. The firm has a market capitalization of $3.89 billion, a PE ratio of 24.21, a PEG ratio of 2.43 and a beta of 1.38.

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

Cohen & Steers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Monday, August 11th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, August 11th. Cohen & Steers's dividend payout ratio is presently 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.