Fisher Asset Management LLC Invests $615,000 in Cohen & Steers, Inc. (NYSE:CNS)

Fisher Asset Management LLC purchased a new position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,408 shares of the asset manager's stock, valued at approximately $615,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Ashton Thomas Securities LLC bought a new stake in shares of Cohen & Steers during the 3rd quarter valued at $31,000. GAMMA Investing LLC raised its stake in Cohen & Steers by 115.1% in the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager's stock valued at $27,000 after purchasing an additional 198 shares in the last quarter. Signaturefd LLC lifted its position in Cohen & Steers by 19.8% during the third quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock worth $62,000 after purchasing an additional 107 shares during the period. Farther Finance Advisors LLC grew its stake in 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 buying an additional 119 shares in the last quarter. Finally, KBC Group NV acquired a new stake in Cohen & Steers during the third quarter worth about $106,000. Institutional investors and hedge funds own 51.47% of the company's stock.

Analysts Set New Price Targets

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

Cohen & Steers Stock Up 0.0 %

Shares of CNS stock traded up $0.03 on Friday, reaching $104.66. The company had a trading volume of 93,371 shares, compared to its average volume of 176,842. The business's 50-day moving average is $99.46 and its 200 day moving average is $86.34. Cohen & Steers, Inc. has a one year low of $58.18 and a one year high of $110.67. The stock has a market capitalization of $5.29 billion, a PE ratio of 39.05 and a beta of 1.53.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. The business 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 revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 EPS.

Cohen & Steers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.59 per share. The ex-dividend date is Monday, November 18th. This represents a $2.36 dividend on an annualized basis and a yield of 2.25%. Cohen & Steers's dividend payout ratio is currently 88.06%.

Cohen & Steers Company 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.