Holocene Advisors LP Makes New Investment in Cohen & Steers, Inc. (NYSE:CNS)

Holocene Advisors LP purchased a new position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,542 shares of the asset manager's stock, valued at approximately $820,000.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in Cohen & Steers by 6.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,220 shares of the asset manager's stock worth $1,248,000 after acquiring an additional 941 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Cohen & Steers by 115.1% during 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 in the last quarter. Hunter Perkins Capital Management LLC increased its position in shares of Cohen & Steers by 9.8% during the second quarter. Hunter Perkins Capital Management LLC now owns 28,923 shares of the asset manager's stock worth $2,099,000 after purchasing an additional 2,580 shares in the last quarter. Boston Trust Walden Corp increased its position in Cohen & Steers by 1.1% in the 2nd quarter. Boston Trust Walden Corp now owns 937,797 shares of the asset manager's stock valued at $68,047,000 after acquiring an additional 9,960 shares during the period. Finally, Raymond James & Associates increased its position in Cohen & Steers by 3.2% in the 2nd quarter. Raymond James & Associates now owns 259,252 shares of the asset manager's stock valued at $18,811,000 after acquiring an additional 8,086 shares during the period. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Cohen & Steers Stock Performance

Shares of CNS stock traded down $0.62 during trading hours on Friday, hitting $100.60. 105,019 shares of the company were exchanged, compared to its average volume of 143,381. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 37.54 and a beta of 1.52. The business's 50-day simple moving average is $100.06 and its two-hundred day simple moving average is $87.33. Cohen & Steers, Inc. has a one year low of $61.42 and a one year high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%. The business had revenue of $133.20 million for the quarter, compared to analyst estimates of $124.18 million. During the same period in the previous year, the business earned $0.70 EPS. The firm's revenue was up 7.7% on a year-over-year basis.

Cohen & Steers Announces Dividend

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