Cohen & Steers (CNS) Set to Announce Quarterly Earnings on Wednesday

Cohen & Steers (NYSE:CNS - Get Free Report) is set to release its earnings data after the market closes on Wednesday, April 17th. Parties interested in participating in the company's conference call can do so using this link.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. Cohen & Steers had a net margin of 26.36% and a return on equity of 38.52%. The company had revenue of $119.19 million for the quarter, compared to analysts' expectations of $122.80 million. During the same quarter in the previous year, the company posted $0.79 EPS. The business's revenue was down 4.9% compared to the same quarter last year.

Cohen & Steers Trading Up 0.4 %

Shares of CNS traded up $0.30 during midday trading on Thursday, hitting $72.66. The stock had a trading volume of 92,517 shares, compared to its average volume of 164,852. The firm has a market cap of $3.60 billion, a P/E ratio of 27.95 and a beta of 1.45. The business has a 50-day simple moving average of $72.59 and a two-hundred day simple moving average of $66.23. Cohen & Steers has a fifty-two week low of $50.05 and a fifty-two week high of $78.58.

Cohen & Steers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, March 4th were given a $0.59 dividend. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.57. The ex-dividend date was Friday, March 1st. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.25%. Cohen & Steers's dividend payout ratio (DPR) is currently 90.77%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CNS. TheStreet upgraded shares of Cohen & Steers from a "c+" rating to a "b-" rating in a research note on Tuesday, December 26th. UBS Group initiated coverage on Cohen & Steers in a research note on Friday, January 5th. They issued a "sell" rating and a $68.00 price target for the company.

Insider Buying and Selling

In other news, Director Richard P. Simon sold 6,942 shares of Cohen & Steers stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $71.76, for a total transaction of $498,157.92. Following the sale, the director now directly owns 24,973 shares of the company's stock, valued at $1,792,062.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Richard P. Simon sold 6,942 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $71.76, for a total transaction of $498,157.92. Following the completion of the sale, the director now owns 24,973 shares in the company, valued at $1,792,062.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edmond D. Villani sold 4,000 shares of the business's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $72.99, for a total value of $291,960.00. Following the completion of the transaction, the director now directly owns 33,781 shares in the company, valued at approximately $2,465,675.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,000 shares of company stock worth $1,009,713. Company insiders own 47.04% of the company's stock.

Institutional Investors Weigh In On Cohen & Steers

Institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its position in Cohen & Steers by 2.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,279 shares of the asset manager's stock valued at $1,158,000 after acquiring an additional 431 shares during the last quarter. Townsquare Capital LLC raised its holdings in shares of Cohen & Steers by 26.8% in the fourth quarter. Townsquare Capital LLC now owns 16,012 shares of the asset manager's stock worth $1,213,000 after buying an additional 3,384 shares during the period. Legal & General Group Plc raised its holdings in shares of Cohen & Steers by 3.5% in the fourth quarter. Legal & General Group Plc now owns 29,057 shares of the asset manager's stock worth $2,200,000 after buying an additional 971 shares during the period. Barclays PLC grew its stake in Cohen & Steers by 188.5% in the fourth quarter. Barclays PLC now owns 47,936 shares of the asset manager's stock worth $3,631,000 after purchasing an additional 31,319 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Cohen & Steers by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,666,537 shares of the asset manager's stock valued at $201,937,000 after acquiring an additional 31,525 shares in the last quarter. Hedge funds and other institutional investors own 51.47% of the company's stock.

About Cohen & Steers

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.