Raymond James Financial Services Advisors Inc. Invests $208,000 in Cohen & Steers, Inc. (NYSE:CNS)

Raymond James Financial Services Advisors Inc. bought a new position in shares of Cohen & Steers, Inc. (NYSE:CNSFree Report) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,320 shares of the asset manager’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. MetLife Investment Management LLC increased its position in shares of Cohen & Steers by 1.5% during the fourth quarter. MetLife Investment Management LLC now owns 13,334 shares of the asset manager’s stock worth $861,000 after acquiring an additional 198 shares during the last quarter. State of Wyoming increased its holdings in Cohen & Steers by 42.0% in the second quarter. State of Wyoming now owns 828 shares of the asset manager’s stock valued at $48,000 after buying an additional 245 shares during the last quarter. American International Group Inc. increased its holdings in Cohen & Steers by 2.1% in the second quarter. American International Group Inc. now owns 12,524 shares of the asset manager’s stock valued at $726,000 after buying an additional 263 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Cohen & Steers by 11.6% in the first quarter. Advisors Asset Management Inc. now owns 2,757 shares of the asset manager’s stock valued at $176,000 after buying an additional 287 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in Cohen & Steers by 12.1% in the first quarter. Citigroup Inc. now owns 3,107 shares of the asset manager’s stock valued at $199,000 after buying an additional 335 shares during the last quarter. 51.47% of the stock is owned by hedge funds and other institutional investors.

Cohen & Steers Trading Down 2.8 %

NYSE:CNS opened at $70.42 on Thursday. The firm has a market capitalization of $3.46 billion, a PE ratio of 27.08 and a beta of 1.46. The stock has a 50 day moving average of $68.34 and a 200-day moving average of $63.24. Cohen & Steers, Inc. has a 52 week low of $50.05 and a 52 week high of $78.87.

Cohen & Steers (NYSE:CNSGet Free Report) last posted its earnings results on Wednesday, January 24th. The asset manager reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $119.19 million during the quarter, compared to analyst estimates of $122.80 million. Cohen & Steers had a return on equity of 39.29% and a net margin of 26.36%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 earnings per share.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group assumed coverage on Cohen & Steers in a report on Friday, January 5th. They issued a “sell” rating and a $68.00 price objective for the company. TheStreet raised Cohen & Steers from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Finally, StockNews.com assumed coverage on Cohen & Steers in a report on Thursday, October 5th. They issued a “hold” rating for the company.

Check Out Our Latest Stock Report on CNS

Insider Activity

In other news, CAO Elena Dulik sold 725 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $62.28, for a total transaction of $45,153.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,862 shares of the company’s stock, valued at $1,237,005.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 48.24% of the company’s stock.

Cohen & Steers Profile

(Free Report)

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.

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

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