Tudor Investment Corp ET AL Boosts Stock Position in Cohen & Steers Inc $CNS

Key Points

• Tudor Investment Corp ET AL boosted its stake in Cohen & Steers by 156% in Q3 to 77,292 shares (about 0.15% ownership) valued at $5.07 million.
• EVP Francis C. Poli sold 10,000 shares at $65.73, trimming his position by 15.23%, and corporate insiders now own roughly 47.6% of the company.
• Cohen & Steers raised its quarterly dividend to $0.67 (annualized $2.68) for a ~4.3% yield and reported EPS of $0.81 that met estimates, with a dividend payout ratio around 89.9%.

Tudor Investment Corp ET AL lifted its stake in Cohen & Steers Inc (NYSE:CNS - Free Report) by 156.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,292 shares of the asset manager's stock after acquiring an additional 47,096 shares during the period. Tudor Investment Corp ET AL owned approximately 0.15% of Cohen & Steers worth $5,071,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Cohen & Steers by 2.0% during the 1st quarter. Royal Bank of Canada now owns 51,397 shares of the asset manager's stock worth $4,124,000 after purchasing an additional 1,003 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Cohen & Steers by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,367 shares of the asset manager's stock valued at $1,313,000 after buying an additional 716 shares in the last quarter. Millennium Management LLC increased its position in shares of Cohen & Steers by 485.1% during the first quarter. Millennium Management LLC now owns 93,175 shares of the asset manager's stock valued at $7,477,000 after buying an additional 77,251 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Cohen & Steers during the first quarter valued at about $172,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Cohen & Steers by 3.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,742 shares of the asset manager's stock worth $5,838,000 after buying an additional 2,155 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Cohen & Steers news, EVP Francis C. Poli sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $65.73, for a total value of $657,300.00. Following the completion of the transaction, the executive vice president owned 55,675 shares of the company's stock, valued at $3,659,517.75. The trade was a 15.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 47.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CNS has been the subject of a number of analyst reports. Zacks Research lowered shares of Cohen & Steers from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Cohen & Steers in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Cohen & Steers has a consensus rating of "Reduce" and a consensus price target of $72.50.

Cohen & Steers Stock Down 1.8%

Shares of NYSE CNS opened at $61.98 on Thursday. The firm has a market capitalization of $3.19 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.88 and a beta of 1.26. The stock's 50-day simple moving average is $65.39 and its two-hundred day simple moving average is $65.69. Cohen & Steers Inc has a twelve month low of $58.39 and a twelve month high of $83.99.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The asset manager reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. The company had revenue of $143.79 million during the quarter, compared to analyst estimates of $144.30 million. Cohen & Steers had a return on equity of 28.46% and a net margin of 27.55%.Cohen & Steers's revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share.

Cohen & Steers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 9th were given a dividend of $0.67 per share. The ex-dividend date was Monday, March 9th. This is a boost from Cohen & Steers's previous quarterly dividend of $0.62. This represents a $2.68 annualized dividend and a yield of 4.3%. Cohen & Steers's dividend payout ratio (DPR) is presently 89.93%.

About Cohen & Steers

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).

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