Victory Capital Management Inc. Decreases Stock Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Victory Capital Management Inc. cut its holdings in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,609,306 shares of the asset manager's stock after selling 115,821 shares during the period. Victory Capital Management Inc. owned approximately 3.18% of Cohen & Steers worth $154,413,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CNS. Signaturefd LLC increased its stake in shares of Cohen & Steers by 19.8% during the third quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock valued at $62,000 after buying an additional 107 shares during the period. Farther Finance Advisors LLC raised 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 worth $79,000 after purchasing an additional 119 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Cohen & Steers by 5.5% in the second quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager's stock worth $238,000 after acquiring an additional 172 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of Cohen & Steers by 4.0% during the second quarter. Inspire Investing LLC now owns 4,864 shares of the asset manager's stock valued at $353,000 after acquiring an additional 185 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Cohen & Steers by 115.1% in 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. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNS has been the subject of several recent analyst reports. Evercore ISI lifted their target price on shares of Cohen & Steers from $110.00 to $111.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. UBS Group upgraded 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.

Cohen & Steers Stock Down 2.0 %

Shares of Cohen & Steers stock traded down $2.02 during trading hours on Wednesday, reaching $100.22. 211,070 shares of the stock traded hands, compared to its average volume of 226,292. Cohen & Steers, Inc. has a one year low of $53.92 and a one year high of $110.67. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 37.40 and a beta of 1.53. The company has a 50 day moving average price of $96.78 and a 200 day moving average price of $83.67.

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

Cohen & Steers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, November 18th. Cohen & Steers's 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.