Edgestream Partners L.P. Makes New $1.58 Million Investment in Cohen & Steers Inc (NYSE:CNS)

Edgestream Partners L.P. acquired a new position in Cohen & Steers Inc (NYSE:CNS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,638 shares of the asset manager's stock, valued at approximately $1,576,000.

Other large investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Cohen & Steers in the fourth quarter worth approximately $60,000. Fifth Third Bancorp increased its position in shares of Cohen & Steers by 101.9% during the first quarter. Fifth Third Bancorp now owns 654 shares of the asset manager's stock worth $52,000 after purchasing an additional 330 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Cohen & Steers by 36.1% during the first quarter. GAMMA Investing LLC now owns 992 shares of the asset manager's stock worth $80,000 after purchasing an additional 263 shares in the last quarter. Johnson Financial Group Inc. increased its position in shares of Cohen & Steers by 926.0% during the fourth quarter. Johnson Financial Group Inc. now owns 1,026 shares of the asset manager's stock worth $91,000 after purchasing an additional 926 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Cohen & Steers during the fourth quarter worth $101,000. Institutional investors own 51.47% of the company's stock.

Analysts Set New Price Targets

CNS has been the topic of a number of recent analyst reports. Evercore ISI reduced their price target on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Bank of America initiated coverage on Cohen & Steers in a research report on Monday, June 30th. They set an "underperform" rating and a $67.00 price target on the stock.

Cohen & Steers Stock Performance

Shares of NYSE CNS traded down $2.85 during mid-day trading on Friday, hitting $72.71. The stock had a trading volume of 619,346 shares, compared to its average volume of 204,404. The company has a 50 day moving average of $77.12 and a two-hundred day moving average of $80.46. Cohen & Steers Inc has a twelve month low of $68.99 and a twelve month high of $110.67. The firm has a market cap of $3.71 billion, a PE ratio of 23.08, a PEG ratio of 2.39 and a beta of 1.32.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its earnings results on Thursday, July 17th. The asset manager reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Cohen & Steers had a net margin of 29.82% and a return on equity of 30.36%. The firm had revenue of $135.32 million during the quarter, compared to analyst estimates of $134.59 million. During the same period in the previous year, the company earned $0.68 earnings per share. Cohen & Steers's revenue was up 11.8% on a year-over-year basis.

Cohen & Steers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend was Monday, May 12th. Cohen & Steers's dividend payout ratio is currently 81.05%.

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.