Renaissance Technologies LLC grew its holdings in Cohen & Steers Inc (NYSE:CNS) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 467,200 shares of the asset manager’s stock after acquiring an additional 11,900 shares during the period. Renaissance Technologies LLC owned 1.01% of Cohen & Steers worth $18,940,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Teachers Advisors LLC grew its position in Cohen & Steers by 3.6% in the first quarter. Teachers Advisors LLC now owns 41,092 shares of the asset manager’s stock worth $1,642,000 after acquiring an additional 1,419 shares in the last quarter. Synovus Financial Corp grew its position in Cohen & Steers by 24.7% in the second quarter. Synovus Financial Corp now owns 25,024 shares of the asset manager’s stock worth $1,012,000 after acquiring an additional 4,961 shares in the last quarter. Prudential Financial Inc. bought a new stake in Cohen & Steers in the first quarter worth approximately $205,000. Parametric Portfolio Associates LLC grew its position in Cohen & Steers by 50.7% in the first quarter. Parametric Portfolio Associates LLC now owns 29,105 shares of the asset manager’s stock worth $1,163,000 after acquiring an additional 9,788 shares in the last quarter. Finally, Swiss National Bank grew its position in Cohen & Steers by 3.3% in the first quarter. Swiss National Bank now owns 34,200 shares of the asset manager’s stock worth $1,367,000 after acquiring an additional 1,100 shares in the last quarter. 45.36% of the stock is owned by institutional investors.
In other news, insider John Todd Glickson sold 6,700 shares of Cohen & Steers stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $39.72, for a total value of $266,124.00. Following the sale, the insider now directly owns 36,738 shares in the company, valued at $1,459,233.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 52.90% of the stock is owned by company insiders.
Several analysts have commented on the stock. BidaskClub downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $45.67.
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Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, July 19th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. Cohen & Steers had a net margin of 26.34% and a return on equity of 33.17%. The company had revenue of $92.80 million for the quarter, compared to the consensus estimate of $92.52 million. During the same period last year, the company earned $0.46 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Stockholders of record on Friday, September 1st were issued a $0.28 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.71%. Cohen & Steers’s dividend payout ratio (DPR) is presently 54.37%.
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.
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