First Citizens Bank & Trust Co. Increases Holdings in Cohen & Steers Inc $CNS

First Citizens Bank & Trust Co. grew its holdings in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) by 201.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,909 shares of the asset manager's stock after buying an additional 5,282 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Cohen & Steers were worth $596,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its position in shares of Cohen & Steers by 2.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 6,684 shares of the asset manager's stock valued at $536,000 after buying an additional 165 shares in the last quarter. Covestor Ltd raised its position in shares of Cohen & Steers by 12.8% during the 1st quarter. Covestor Ltd now owns 1,678 shares of the asset manager's stock valued at $135,000 after buying an additional 191 shares in the last quarter. Mendel Capital Management LLC raised its position in shares of Cohen & Steers by 4.3% during the 1st quarter. Mendel Capital Management LLC now owns 4,775 shares of the asset manager's stock valued at $383,000 after buying an additional 196 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Cohen & Steers by 7.9% during the 1st quarter. HighTower Advisors LLC now owns 2,689 shares of the asset manager's stock valued at $216,000 after buying an additional 198 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Cohen & Steers by 4.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,609 shares of the asset manager's stock valued at $450,000 after buying an additional 245 shares in the last quarter. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Price Performance

Shares of CNS stock opened at $71.41 on Friday. The company has a market capitalization of $3.64 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.86 and a beta of 1.38. The company's 50-day simple moving average is $69.84 and its two-hundred day simple moving average is $74.05. Cohen & Steers Inc has a one year low of $64.29 and a one year high of $108.76.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its earnings results on Thursday, October 16th. The asset manager reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.03. The business had revenue of $140.94 million for the quarter, compared to the consensus estimate of $138.84 million. Cohen & Steers had a net margin of 29.73% and a return on equity of 29.92%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS.

Cohen & Steers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Monday, August 11th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, August 11th. Cohen & Steers's dividend payout ratio is currently 77.74%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CNS shares. Weiss Ratings restated a "hold (c)" rating on shares of Cohen & Steers in a research report on Friday. Evercore ISI upped their price target on shares of Cohen & Steers from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, October 20th. Finally, 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, October 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $72.50.

About Cohen & Steers

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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