Insider Selling: Cohen & Steers, Inc. (NYSE:CNS) CAO Sells 1,200 Shares of Stock

Cohen & Steers, Inc. (NYSE:CNSGet Rating) CAO Elena Dulik sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $74.28, for a total transaction of $89,136.00. Following the completion of the sale, the chief accounting officer now owns 20,854 shares in the company, valued at approximately $1,549,035.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Cohen & Steers Price Performance

Cohen & Steers stock opened at $74.35 on Thursday. The firm has a 50 day simple moving average of $69.40 and a 200-day simple moving average of $76.73. The stock has a market capitalization of $3.62 billion, a PE ratio of 17.45 and a beta of 1.38. Cohen & Steers, Inc. has a 12-month low of $62.01 and a 12-month high of $101.22.

Cohen & Steers (NYSE:CNSGet Rating) last posted its quarterly earnings data on Wednesday, July 20th. The asset manager reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.01. The business had revenue of $147.70 million during the quarter, compared to analysts’ expectations of $138.26 million. Cohen & Steers had a net margin of 34.11% and a return on equity of 81.96%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 26th. Stockholders of record on Monday, May 16th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, May 13th. Cohen & Steers’s dividend payout ratio (DPR) is presently 51.64%.

Analyst Ratings Changes

Separately, lowered shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Wednesday, May 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Valley National Advisers Inc. bought a new position in shares of Cohen & Steers in the first quarter valued at approximately $25,000. Parallel Advisors LLC boosted its holdings in Cohen & Steers by 725.7% during the first quarter. Parallel Advisors LLC now owns 289 shares of the asset manager’s stock worth $25,000 after buying an additional 254 shares in the last quarter. UMB Bank N A MO bought a new stake in Cohen & Steers during the fourth quarter worth approximately $28,000. Signaturefd LLC boosted its holdings in Cohen & Steers by 250.5% during the first quarter. Signaturefd LLC now owns 340 shares of the asset manager’s stock worth $29,000 after buying an additional 243 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Cohen & Steers by 69.4% during the fourth quarter. First Horizon Advisors Inc. now owns 371 shares of the asset manager’s stock worth $34,000 after buying an additional 152 shares in the last quarter. 47.26% of the stock is currently owned by institutional investors.

About Cohen & Steers

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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.

Further Reading

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