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State Street Corp Boosts Position in Cohen & Steers, Inc. (NYSE:CNS)

Cohen & Steers logo with Finance background

State Street Corp increased its holdings in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,098,165 shares of the asset manager's stock after purchasing an additional 8,774 shares during the period. State Street Corp owned 2.17% of Cohen & Steers worth $105,369,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new position in shares of Cohen & Steers during the third quarter valued at about $31,000. GAMMA Investing LLC boosted its stake in Cohen & Steers by 64.9% during the third quarter. GAMMA Investing LLC now owns 610 shares of the asset manager's stock valued at $59,000 after buying an additional 240 shares during the last quarter. Signaturefd LLC grew its holdings 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 buying an additional 107 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Cohen & Steers by 16.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager's stock worth $79,000 after acquiring an additional 119 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of Cohen & Steers during the 3rd quarter worth approximately $106,000. 51.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CNS shares. Evercore ISI boosted their price target on shares of Cohen & Steers from $110.00 to $111.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. UBS Group raised shares of Cohen & Steers from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $63.00 to $102.00 in a research note on Thursday, October 17th.

Check Out Our Latest Report on CNS

Cohen & Steers Price Performance

Shares of Cohen & Steers stock traded down $0.60 on Monday, reaching $98.44. The company had a trading volume of 153,548 shares, compared to its average volume of 219,899. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 36.73 and a beta of 1.52. The firm's 50-day moving average price is $100.83 and its two-hundred day moving average price is $88.71. Cohen & Steers, Inc. has a 1 year low of $64.13 and a 1 year high of $110.67.

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

Cohen & Steers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.40%. The ex-dividend date was Monday, November 18th. Cohen & Steers's payout ratio is currently 88.06%.

Cohen & Steers Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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