Quantbot Technologies LP Grows Stock Holdings in Cohen & Steers Inc $CNS

Key Points

• Quantbot Technologies LP increased its holdings in Cohen & Steers Inc by 35.7%, acquiring an additional 9,346 shares during the 1st quarter, bringing its total to 35,560 shares worth approximately $2.85 million.
• Bank of America downgraded its target price for Cohen & Steers from $67.00 to $66.00 and assigned an "underperform" rating, while the stock currently holds a consensus rating of "Hold" with an average target price of $82.00.
• Cohen & Steers announced a quarterly dividend of $0.62 per share, payable on August 21, representing an annualized yield of 3.4% and a payout ratio of 78.73%.

Quantbot Technologies LP raised its holdings in Cohen & Steers Inc (NYSE:CNS - Free Report) by 35.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,560 shares of the asset manager's stock after buying an additional 9,346 shares during the period. Quantbot Technologies LP owned about 0.07% of Cohen & Steers worth $2,854,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CNS. Congress Asset Management Co. raised its stake in Cohen & Steers by 24.3% in the first quarter. Congress Asset Management Co. now owns 656,397 shares of the asset manager's stock valued at $52,676,000 after buying an additional 128,315 shares in the last quarter. GAMMA Investing LLC raised its stake in Cohen & Steers by 10,820.2% in the first quarter. GAMMA Investing LLC now owns 79,608 shares of the asset manager's stock valued at $6,389,000 after buying an additional 78,879 shares in the last quarter. Nuveen LLC acquired a new stake in Cohen & Steers in the first quarter valued at $6,193,000. Charles Schwab Investment Management Inc. raised its stake in Cohen & Steers by 5.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,058,309 shares of the asset manager's stock valued at $84,929,000 after buying an additional 53,876 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in Cohen & Steers in the fourth quarter valued at $4,923,000. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Stock Up 0.4%

NYSE:CNS traded up $0.29 during trading hours on Monday, reaching $76.56. 82,745 shares of the company's stock were exchanged, compared to its average volume of 211,219. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.58 and a beta of 1.38. The company has a 50-day moving average of $75.29 and a 200 day moving average of $77.94. Cohen & Steers Inc has a 1-year low of $68.99 and a 1-year high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The asset manager reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). The business had revenue of $135.32 million for the quarter, compared to analyst estimates of $134.59 million. Cohen & Steers had a return on equity of 29.95% and a net margin of 29.82%.The firm's revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Monday, August 11th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.2%. Cohen & Steers's dividend payout ratio (DPR) is currently 78.73%.

Analyst Ratings Changes

Separately, Bank of America cut their price target on Cohen & Steers from $67.00 to $66.00 and set an "underperform" rating on the stock in a research note on Monday, July 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $82.00.

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.