B. Metzler seel. Sohn & Co. Holding AG Purchases New Position in Cohen & Steers, Inc. (NYSE:CNS)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Cohen & Steers, Inc. (NYSE:CNS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 52,366 shares of the asset manager’s stock, valued at approximately $5,025,000.

Several other hedge funds have also recently bought and sold shares of CNS. Silvercrest Asset Management Group LLC bought a new position in shares of Cohen & Steers during the first quarter worth approximately $5,193,000. Harbor Capital Advisors Inc. grew its holdings in Cohen & Steers by 292.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 12,236 shares of the asset manager’s stock valued at $888,000 after buying an additional 9,119 shares in the last quarter. Creative Planning increased its position in Cohen & Steers by 9.5% during the 2nd quarter. Creative Planning now owns 11,940 shares of the asset manager’s stock worth $866,000 after buying an additional 1,034 shares during the period. Rhumbline Advisers lifted its holdings in shares of Cohen & Steers by 101.6% during the second quarter. Rhumbline Advisers now owns 77,146 shares of the asset manager’s stock worth $5,598,000 after buying an additional 38,887 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Cohen & Steers in the second quarter valued at about $950,000. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Cohen & Steers Stock Up 0.1 %

CNS opened at $99.99 on Wednesday. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 37.31 and a beta of 1.53. Cohen & Steers, Inc. has a twelve month low of $56.04 and a twelve month high of $110.67. The company has a 50-day simple moving average of $97.77 and a 200 day simple moving average of $84.62.

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

Cohen & Steers Dividend Announcement

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

Analyst Ratings Changes

CNS has been the subject of a number of recent research reports. UBS Group raised shares of Cohen & Steers from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $63.00 to $102.00 in a report on Thursday, October 17th. Evercore ISI increased their price target on Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

Cohen & Steers Profile

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.