Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Cohen & Steers Inc (NYSE:CNS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH recently purchased a stake in Cohen & Steers Inc, buying 7,275 shares valued at approximately $584,000.
• Cohen & Steers reported earnings per share of $0.73 for the last quarter, falling short of the expected $0.75, while revenue increased by 11.8% year-over-year.
• The company announced a quarterly dividend of $0.62 per share, representing a 3.4% yield and a payout ratio of 78.73%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,275 shares of the asset manager's stock, valued at approximately $584,000.

Other large investors also recently made changes to their positions in the company. Invesco Ltd. grew its stake in shares of Cohen & Steers by 5.8% during the fourth quarter. Invesco Ltd. now owns 883,805 shares of the asset manager's stock valued at $81,611,000 after purchasing an additional 48,683 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Cohen & Steers by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 724,849 shares of the asset manager's stock valued at $66,946,000 after purchasing an additional 15,526 shares during the last quarter. Congress Asset Management Co. grew its stake in shares of Cohen & Steers by 24.3% during the first quarter. Congress Asset Management Co. now owns 656,397 shares of the asset manager's stock valued at $52,676,000 after purchasing an additional 128,315 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Cohen & Steers during the fourth quarter valued at approximately $44,737,000. Finally, Norges Bank bought a new stake in shares of Cohen & Steers during the fourth quarter valued at approximately $34,166,000. Institutional investors own 51.47% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Evercore ISI decreased their price target on shares of Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Bank of America reduced their price objective on shares of Cohen & Steers from $67.00 to $66.00 and set an "underperform" rating on the stock in a research note on Monday, July 21st.

Cohen & Steers Stock Performance

CNS traded up $1.60 during midday trading on Monday, reaching $73.81. 135,340 shares of the company were exchanged, compared to its average volume of 210,432. The stock has a market capitalization of $3.76 billion, a P/E ratio of 23.43, a PEG ratio of 2.33 and a beta of 1.38. Cohen & Steers Inc has a one year low of $68.99 and a one year high of $110.67. The stock's 50-day simple moving average is $75.91 and its 200 day simple moving average is $79.41.

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

Cohen & Steers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Monday, August 11th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, August 11th. Cohen & Steers's dividend payout ratio is 78.73%.

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.