Cohen & Steers Inc $CNS Stock: Assenagon Asset Management S.A. Grows Stake

Key Points

• Assenagon Asset Management increased its Cohen & Steers stake by 582.5% in the third quarter, reaching 450,099 shares valued at approximately $32.9 million. Institutional investors collectively own 51.47% of the company.
• Cohen & Steers reported quarterly EPS of $0.89, matching estimates, while revenue rose 11.1% year over year to $156.4 million and exceeded forecasts. The company also maintains a quarterly dividend of $0.67, equivalent to a 3.9% annual yield.
• Analyst sentiment remains mixed, with two Buy ratings and one Sell rating producing a consensus “Hold” and an average price target of $88.00. Shares opened at $69.39, below their 50-day moving average of $76.66.

Assenagon Asset Management S.A. increased its position in Cohen & Steers Inc (NYSE:CNS - Free Report) by 582.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 450,099 shares of the asset manager's stock after buying an additional 384,155 shares during the quarter. Assenagon Asset Management S.A. owned 0.88% of Cohen & Steers worth $32,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Cohen & Steers during the second quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Cohen & Steers by 88.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 610 shares of the asset manager's stock worth $38,000 after acquiring an additional 287 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Cohen & Steers by 145.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 662 shares of the asset manager's stock worth $42,000 after acquiring an additional 392 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Cohen & Steers by 196.7% in the 2nd quarter. IFP Advisors Inc now owns 804 shares of the asset manager's stock worth $61,000 after acquiring an additional 533 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Cohen & Steers in the 2nd quarter valued at $80,000. Hedge funds and other institutional investors own 51.47% of the company's stock.

Insider Activity

In other Cohen & Steers news, 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 value of $91,476.00. Following the transaction, the chief accounting officer owned 22,146 shares in the company, valued at approximately $1,841,661.36. The trade was a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 45.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CNS shares. Weiss Ratings raised shares of Cohen & Steers from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Zacks Research cut shares of Cohen & Steers from a "hold" rating to a "strong sell" rating in a research report on Thursday. Finally, Evercore reissued an "outperform" rating and issued a $88.00 price target on shares of Cohen & Steers in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $88.00.

Cohen & Steers Stock Up 0.6%

Shares of NYSE CNS opened at $69.39 on Friday. Cohen & Steers Inc has a 52 week low of $58.39 and a 52 week high of $86.56. The firm's fifty day moving average is $76.66 and its 200 day moving average is $74.62. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.96 and a beta of 1.22.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The asset manager reported $0.89 EPS for the quarter, meeting analysts' consensus estimates of $0.89. The company had revenue of $156.41 million during the quarter, compared to analyst estimates of $155.12 million. Cohen & Steers had a net margin of 28.16% and a return on equity of 27.45%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 EPS. Equities research analysts anticipate that Cohen & Steers Inc will post 3.48 earnings per share for the current year.

Cohen & Steers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Monday, August 10th were given a $0.67 dividend. The ex-dividend date was Monday, August 10th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.9%. Cohen & Steers's payout ratio is presently 82.21%.

Cohen & Steers News Summary

Here are the key news stories impacting Cohen & Steers this week:

• Positive Sentiment: Revenue exceeded estimates and increased year over year. Cohen & Steers reported third-quarter revenue of approximately $156.4 million to $157.4 million, ahead of the roughly $155.1 million consensus forecast. Revenue rose 11.1% from the prior-year quarter, supporting the view that the asset manager continues to benefit from business growth. Cohen & Steers Q3 revenue report
• Positive Sentiment: Strong inflows were a key catalyst. Reports characterized the quarter as benefiting from robust investment inflows, which can increase assets under management and support recurring fee revenue. Investors also received details during the company’s earnings call about operating trends and the outlook. Cohen & Steers strong inflows report
• Positive Sentiment: Profitability and cash generation remained healthy. The company reported $0.89 in adjusted earnings per share, matching consensus and rising from $0.81 a year earlier. Net margin was 28.82%, return on equity was 27.41%, and operating cash flow was reported at $67.4 million. Cohen & Steers earnings report
• Neutral Sentiment: The earnings result was a mixed beat. Revenue surpassed expectations, but EPS only met estimates, limiting the size of the fundamental upside. One third-party report cited diluted EPS of $0.81, conflicting with other coverage that reported $0.89; investors may await the company’s filings for clarification. Cohen & Steers mixed Q3 results report
• Negative Sentiment: Insider selling and valuation concerns could restrain gains. Recent disclosures showed several executives selling shares, while analysis argued CNS still had a potential fair-value gap despite the post-earnings advance. The stock also remains below its 50-day and 200-day moving averages, signaling lingering technical weakness. Cohen & Steers fair value analysis

Cohen & Steers Company Profile

Cohen & Steers, Inc is a global investment management company specializing in listed real assets and alternative income. The firm manages portfolios focused on areas such as real estate securities, infrastructure, natural resource equities, commodities, preferred securities and other income-oriented investments.

Its investment solutions are offered through mutual funds, exchange-traded funds, closed-end funds, institutional accounts and separately managed accounts. Cohen & Steers serves a range of clients, including institutional investors, financial advisers and individual investors, with strategies covering markets in the United States and internationally.

Founded in 1986 by Martin Cohen and Robert Steers, the company is headquartered in New York City and maintains an international presence to support its global investment activities.

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