GW&K Investment Management LLC Trims Holdings in Cohen & Steers Inc (NYSE:CNS)

GW&K Investment Management LLC cut its stake in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 307,364 shares of the asset manager's stock after selling 10,533 shares during the quarter. GW&K Investment Management LLC owned about 0.60% of Cohen & Steers worth $24,666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp increased its holdings 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 valued at $52,000 after acquiring an additional 330 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cohen & Steers in the 4th quarter worth about $60,000. GAMMA Investing LLC increased its holdings in Cohen & Steers by 36.1% in the 1st quarter. GAMMA Investing LLC now owns 992 shares of the asset manager's stock worth $80,000 after buying an additional 263 shares in the last quarter. Johnson Financial Group Inc. increased its holdings in Cohen & Steers by 926.0% in the 4th quarter. Johnson Financial Group Inc. now owns 1,026 shares of the asset manager's stock worth $91,000 after buying an additional 926 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its holdings in Cohen & Steers by 755.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,471 shares of the asset manager's stock worth $136,000 after buying an additional 1,299 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors.

Cohen & Steers Stock Performance

CNS stock traded up $1.09 during trading on Thursday, reaching $76.59. 149,106 shares of the company traded hands, compared to its average volume of 211,239. The business has a 50 day simple moving average of $76.80 and a 200 day simple moving average of $80.21. Cohen & Steers Inc has a 12 month low of $68.99 and a 12 month high of $110.67. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32.

Cohen & Steers (NYSE:CNS - Get Free Report) last released 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). Cohen & Steers had a net margin of 29.82% and a return on equity of 30.36%. The business had revenue of $135.32 million during the quarter, compared to analysts' expectations of $134.59 million. During the same quarter last year, the business posted $0.68 earnings per share. The company's quarterly revenue was up 11.8% compared to the same quarter last year.

Cohen & Steers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Monday, May 12th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Monday, May 12th. Cohen & Steers's dividend payout ratio (DPR) is presently 78.73%.

Analyst Ratings Changes

CNS has been the subject of several research analyst reports. Evercore ISI reduced their price objective on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Bank of America cut their price target on Cohen & Steers from $67.00 to $66.00 and set an "underperform" rating for the company in a research note on Monday.

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.