Universal Beteiligungs und Servicegesellschaft mbH Buys New 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 acquired a new stake in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,275 shares of the asset manager's stock, valued at approximately $584,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp grew its stake in Cohen & Steers by 101.9% in the 1st quarter. Fifth Third Bancorp now owns 654 shares of the asset manager's stock worth $52,000 after buying an additional 330 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cohen & Steers during the 4th quarter worth $60,000. GAMMA Investing LLC grew its position in Cohen & Steers by 36.1% in the first quarter. GAMMA Investing LLC now owns 992 shares of the asset manager's stock worth $80,000 after acquiring an additional 263 shares in the last quarter. Johnson Financial Group Inc. increased its stake in Cohen & Steers by 926.0% in the fourth quarter. Johnson Financial Group Inc. now owns 1,026 shares of the asset manager's stock valued at $91,000 after acquiring an additional 926 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its stake in Cohen & Steers by 755.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,471 shares of the asset manager's stock valued at $136,000 after acquiring an additional 1,299 shares during the last quarter. Institutional investors own 51.47% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Evercore ISI dropped their price target on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Bank of America dropped their target price on Cohen & Steers from $67.00 to $66.00 and set an "underperform" rating for the company in a research report on Monday, July 21st.

Cohen & Steers Price Performance

NYSE CNS traded down $0.58 during trading on Wednesday, hitting $74.21. 62,859 shares of the company's stock traded hands, compared to its average volume of 209,181. The stock has a fifty day moving average of $75.80 and a two-hundred day moving average of $79.28. Cohen & Steers Inc has a 12-month low of $68.99 and a 12-month high of $110.67. The firm has a market cap of $3.78 billion, a P/E ratio of 23.55, a PEG ratio of 2.38 and a beta of 1.38.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its earnings results 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 company had revenue of $135.32 million for the quarter, compared to analysts' expectations of $134.59 million. Cohen & Steers had a net margin of 29.82% and a return on equity of 29.95%. The company's revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share.

Cohen & Steers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Monday, August 11th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $2.48 annualized dividend and a yield of 3.3%. Cohen & Steers's dividend payout ratio is presently 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.