Cohen & Steers (NYSE:CNS) Announces Earnings Results, Misses Estimates By $0.02 EPS

Cohen & Steers (NYSE:CNS - Get Free Report) posted its earnings results on Wednesday. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.02), Zacks reports. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%.

Cohen & Steers Stock Down 3.0 %

Cohen & Steers stock traded down $2.69 during mid-day trading on Wednesday, reaching $86.51. The company had a trading volume of 376,507 shares, compared to its average volume of 201,719. Cohen & Steers has a 52 week low of $64.13 and a 52 week high of $110.67. The company has a 50 day moving average of $95.93 and a 200-day moving average of $92.31. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 32.28 and a beta of 1.55.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Monday, November 18th. Cohen & Steers's dividend payout ratio (DPR) is presently 88.06%.

Analyst Ratings Changes

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

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