Cohen & Steers Inc (CNS) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its stake in shares of Cohen & Steers Inc (NYSE:CNS) by 8.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,812 shares of the asset manager’s stock after selling 3,300 shares during the period. California State Teachers Retirement System owned about 0.08% of Cohen & Steers worth $1,533,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Alps Advisors Inc. raised its stake in shares of Cohen & Steers by 0.3% during the second quarter. Alps Advisors Inc. now owns 12,927 shares of the asset manager’s stock valued at $524,000 after acquiring an additional 33 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Cohen & Steers by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 17,228 shares of the asset manager’s stock valued at $699,000 after acquiring an additional 197 shares in the last quarter. Naples Global Advisors LLC raised its stake in shares of Cohen & Steers by 5.0% during the second quarter. Naples Global Advisors LLC now owns 6,870 shares of the asset manager’s stock valued at $279,000 after acquiring an additional 325 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Cohen & Steers by 5.8% during the first quarter. Principal Financial Group Inc. now owns 10,046 shares of the asset manager’s stock valued at $402,000 after acquiring an additional 552 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of Cohen & Steers by 6.0% during the second quarter. Strs Ohio now owns 19,500 shares of the asset manager’s stock valued at $790,000 after acquiring an additional 1,100 shares in the last quarter. 46.71% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Inc (CNS) opened at $44.73 on Monday. The stock has a market cap of $2,071.56, a P/E ratio of 22.36, a P/E/G ratio of 2.61 and a beta of 1.61. Cohen & Steers Inc has a 1-year low of $33.19 and a 1-year high of $45.50.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, October 18th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $96.40 million for the quarter, compared to analyst estimates of $95.76 million. Cohen & Steers had a net margin of 26.53% and a return on equity of 32.82%. Cohen & Steers’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. analysts anticipate that Cohen & Steers Inc will post 2.06 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, November 21st. Cohen & Steers’s payout ratio is 53.85%.

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $45.00 price target on shares of Cohen & Steers in a research note on Friday, October 20th. Bank of America Corporation lifted their price target on shares of Cohen & Steers from $35.00 to $38.00 and gave the company an “underperform” rating in a research note on Friday, October 20th. Credit Suisse Group lifted their price target on shares of Cohen & Steers from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Tuesday, October 10th. Finally, BidaskClub downgraded shares of Cohen & Steers from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Cohen & Steers presently has an average rating of “Hold” and a consensus target price of $43.60.

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Cohen & Steers Profile

Cohen & Steers, Inc (CNS) is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors.

Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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