Mendel Capital Management LLC Buys 145 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Mendel Capital Management LLC lifted its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 3.3% during the third quarter, Holdings Channel.com reports. The firm owned 4,495 shares of the asset manager’s stock after buying an additional 145 shares during the period. Mendel Capital Management LLC’s holdings in Cohen & Steers were worth $431,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CNS. Signaturefd LLC lifted its holdings in Cohen & Steers by 19.8% during the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock worth $62,000 after buying an additional 107 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Cohen & Steers by 16.9% during the third quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock worth $79,000 after acquiring an additional 119 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Cohen & Steers by 5.5% during the second quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager’s stock valued at $238,000 after acquiring an additional 172 shares during the period. Inspire Investing LLC boosted its holdings in Cohen & Steers by 4.0% in the second quarter. Inspire Investing LLC now owns 4,864 shares of the asset manager’s stock valued at $353,000 after acquiring an additional 185 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Cohen & Steers by 115.1% in the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock worth $27,000 after purchasing an additional 198 shares during the period. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Trading Down 0.2 %

NYSE CNS opened at $100.47 on Monday. Cohen & Steers, Inc. has a 12 month low of $56.04 and a 12 month high of $110.67. The stock has a 50-day simple moving average of $97.30 and a 200 day simple moving average of $84.20. The company has a market capitalization of $5.08 billion, a PE ratio of 37.49 and a beta of 1.53.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The company had revenue of $133.20 million during the quarter, compared to analysts’ expectations of $124.18 million. During the same period in the prior year, the business posted $0.70 EPS. Cohen & Steers’s revenue was up 7.7% on a year-over-year basis.

Cohen & Steers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, November 18th. Cohen & Steers’s dividend payout ratio (DPR) is 88.06%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CNS shares. UBS Group upgraded shares of Cohen & Steers from a “sell” rating to a “neutral” rating and upped their target price for the company from $63.00 to $102.00 in a research report on Thursday, October 17th. Evercore ISI increased their price objective on shares of Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a report on Thursday, November 7th.

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.