Copeland Capital Management LLC Sells 83,463 Shares of Cohen & Steers Inc $CNS

Key Points

• Copeland Capital Management LLC reduced its stake in Cohen & Steers Inc by 8.4%, selling 83,463 shares, which leaves them with 913,833 shares valued at approximately $68.9 million.
• Research analysts have mixed opinions on Cohen & Steers, with a consensus rating of "Hold" and a price target range from $66 to $82.33.
• Cohen & Steers recently announced a quarterly dividend of $0.62 per share, translating to an annualized yield of 3.8%.

Copeland Capital Management LLC reduced its position in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) by 8.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 913,833 shares of the asset manager's stock after selling 83,463 shares during the quarter. Cohen & Steers makes up about 1.4% of Copeland Capital Management LLC's holdings, making the stock its 20th biggest holding. Copeland Capital Management LLC owned about 1.79% of Cohen & Steers worth $68,857,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Cohen & Steers during the 1st quarter valued at $25,000. Geneos Wealth Management Inc. raised its holdings in Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager's stock valued at $31,000 after buying an additional 297 shares during the last quarter. Fifth Third Bancorp raised its holdings in Cohen & Steers by 101.9% during the 1st quarter. Fifth Third Bancorp now owns 654 shares of the asset manager's stock valued at $52,000 after buying an additional 330 shares during the last quarter. GAMMA Investing LLC raised its holdings in Cohen & Steers by 36.1% during the 1st quarter. GAMMA Investing LLC now owns 992 shares of the asset manager's stock valued at $80,000 after buying an additional 263 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Cohen & Steers during the 1st quarter valued at $110,000. 51.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CNS. Evercore ISI lowered their price target on shares of Cohen & Steers from $79.00 to $77.00 and set an "outperform" rating for the company in a report on Friday, September 5th. Bank of America upped their price target on shares of Cohen & Steers from $66.00 to $68.00 and gave the company an "underperform" rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $82.33.

Cohen & Steers Trading Up 1.0%

Shares of Cohen & Steers stock opened at $65.18 on Friday. The company's fifty day simple moving average is $71.96 and its two-hundred day simple moving average is $75.19. The company has a market cap of $3.32 billion, a P/E ratio of 20.69, a PEG ratio of 2.19 and a beta of 1.38. Cohen & Steers Inc has a 12-month low of $64.29 and a 12-month high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The asset manager reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). The company 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 firm's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share.

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 dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 11th. Cohen & Steers's payout ratio is presently 78.73%.

Cohen & Steers 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.

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