B. Metzler seel. Sohn & Co. Holding AG Takes $5.03 Million Position in Cohen & Steers, Inc. (NYSE:CNS)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 52,366 shares of the asset manager's stock, valued at approximately $5,025,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.10% of Cohen & Steers as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Cohen & Steers by 115.1% during the 2nd 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 last quarter. Ashton Thomas Securities LLC bought a new position in Cohen & Steers during the third quarter worth $31,000. Signaturefd LLC raised its stake in Cohen & Steers by 19.8% during the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock valued at $62,000 after purchasing an additional 107 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Cohen & Steers by 16.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager's stock valued at $79,000 after purchasing an additional 119 shares during the period. Finally, KBC Group NV acquired a new stake in Cohen & Steers in the 3rd quarter worth $106,000. Institutional investors own 51.47% of the company's stock.

Cohen & Steers Trading Down 0.3 %

NYSE:CNS traded down $0.34 during mid-day trading on Wednesday, hitting $99.65. The company's stock had a trading volume of 102,506 shares, compared to its average volume of 224,458. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 37.18 and a beta of 1.53. Cohen & Steers, Inc. has a fifty-two week low of $56.04 and a fifty-two week high of $110.67. The stock has a fifty day moving average of $97.98 and a 200-day moving average of $84.73.

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

Cohen & Steers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Monday, November 18th. Cohen & Steers's dividend payout ratio is currently 88.06%.

Analysts Set New Price Targets

CNS has been the subject of several research reports. UBS Group upgraded shares of Cohen & Steers from a "sell" rating to a "neutral" rating and increased their target price for the company from $63.00 to $102.00 in a research note on Thursday, October 17th. Evercore ISI lifted their price objective on Cohen & Steers from $110.00 to $111.00 and gave the stock 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.