Cohen & Steers, Inc. (NYSE:CNS) Shares Sold by Bamco Inc. NY

Bamco Inc. NY lessened its position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,009,504 shares of the asset manager's stock after selling 33,531 shares during the quarter. Bamco Inc. NY owned 3.97% of Cohen & Steers worth $192,812,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Edgestream Partners L.P. purchased a new stake in shares of Cohen & Steers during the third quarter worth approximately $4,052,000. Verition Fund Management LLC increased its stake in shares of Cohen & Steers by 15.4% in the 3rd quarter. Verition Fund Management LLC now owns 3,363 shares of the asset manager's stock worth $323,000 after acquiring an additional 448 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Cohen & Steers by 17.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,207 shares of the asset manager's stock valued at $787,000 after purchasing an additional 1,232 shares during the last quarter. Townsquare Capital LLC increased its stake in Cohen & Steers by 8.9% during the third quarter. Townsquare Capital LLC now owns 27,702 shares of the asset manager's stock worth $2,658,000 after acquiring an additional 2,257 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Cohen & Steers by 26.4% in the third quarter. BNP Paribas Financial Markets now owns 14,563 shares of the asset manager's stock valued at $1,397,000 after purchasing an additional 3,046 shares during the period. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Stock Performance

NYSE CNS traded down $1.05 during trading on Monday, reaching $103.61. The company's stock had a trading volume of 77,918 shares, compared to its average volume of 221,305. Cohen & Steers, Inc. has a twelve month low of $60.26 and a twelve month high of $110.67. The business's fifty day moving average price is $99.46 and its 200-day moving average price is $86.43. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 39.40 and a beta of 1.53.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.77 earnings per share 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 for the quarter, compared to analyst estimates of $124.18 million. During the same quarter in the previous year, the company earned $0.70 EPS. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year.

Cohen & Steers Dividend Announcement

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 $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Monday, November 18th. Cohen & Steers's dividend payout ratio is currently 88.06%.

Analyst Ratings Changes

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

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.