Cohen & Steers (NYSE:CNS) Sees Unusually-High Trading Volume

Cohen & Steers, Inc. (NYSE:CNS) saw unusually-high trading volume on Monday . Approximately 342,829 shares were traded during trading, an increase of 79% from the previous session’s volume of 191,943 shares.The stock last traded at $69.43 and had previously closed at $72.39.

Analysts Set New Price Targets

CNS has been the subject of several research reports. UBS Group lowered their price objective on shares of Cohen & Steers from $69.00 to $67.00 and set a “sell” rating for the company in a research note on Friday, April 12th. TheStreet upgraded Cohen & Steers from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th.

Cohen & Steers Stock Up 3.2 %

The company’s fifty day moving average is $72.56 and its 200 day moving average is $66.78. The stock has a market cap of $3.55 billion, a PE ratio of 27.86 and a beta of 1.45.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Thursday, April 18th. The asset manager reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). The business had revenue of $122.71 million during the quarter, compared to analysts’ expectations of $125.01 million. Cohen & Steers had a net margin of 26.27% and a return on equity of 36.96%. The business’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS.

Cohen & Steers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Cohen & Steers’s previous quarterly dividend of $0.57. This represents a $2.36 annualized dividend and a yield of 3.30%. Cohen & Steers’s payout ratio is 91.83%.

Insider Buying and Selling at Cohen & Steers

In other news, Director Richard P. Simon sold 3,058 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $71.81, for a total transaction of $219,594.98. Following the transaction, the director now directly owns 21,915 shares of the company’s stock, valued at $1,573,716.15. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Cohen & Steers news, Director Richard P. Simon sold 6,942 shares of Cohen & Steers stock in a transaction that occurred 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 sale, the director now directly owns 24,973 shares in the company, valued at approximately $1,792,062.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard P. Simon sold 3,058 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $71.81, for a total value of $219,594.98. Following the transaction, the director now owns 21,915 shares of the company’s stock, valued at $1,573,716.15. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock valued at $1,009,713 over the last 90 days. 47.60% of the stock is owned by corporate insiders.

Institutional Trading of Cohen & Steers

A number of hedge funds and other institutional investors have recently made changes to their positions in CNS. Hunter Perkins Capital Management LLC grew its holdings in Cohen & Steers by 3.6% during the 1st quarter. Hunter Perkins Capital Management LLC now owns 26,343 shares of the asset manager’s stock worth $2,026,000 after acquiring an additional 920 shares in the last quarter. Raymond James & Associates grew its stake in Cohen & Steers by 25.0% in the first quarter. Raymond James & Associates now owns 251,166 shares of the asset manager’s stock worth $19,312,000 after purchasing an additional 50,222 shares in the last quarter. Berry Wealth Group LP bought a new stake in Cohen & Steers in the first quarter valued at about $253,000. Norden Group LLC acquired a new stake in Cohen & Steers during the first quarter valued at approximately $336,000. Finally, Wasatch Advisors LP lifted its holdings in Cohen & Steers by 29.1% during the 1st quarter. Wasatch Advisors LP now owns 3,124,662 shares of the asset manager’s stock worth $240,255,000 after buying an additional 703,999 shares during the last quarter. 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.