Congress Asset Management Co. Buys 95,185 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Congress Asset Management Co. lifted its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 528,082 shares of the asset manager's stock after purchasing an additional 95,185 shares during the period. Congress Asset Management Co. owned 1.04% of Cohen & Steers worth $48,763,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CNS. Ashton Thomas Securities LLC acquired a new position in shares of Cohen & Steers during the third quarter worth $31,000. Westside Investment Management Inc. acquired a new position in shares of Cohen & Steers during the third quarter worth $32,000. Signaturefd LLC lifted its holdings in shares of Cohen & Steers by 19.8% during the third quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock worth $62,000 after purchasing an additional 107 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Cohen & Steers by 19.5% during the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock worth $67,000 after purchasing an additional 119 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Cohen & Steers during the fourth quarter worth $73,000. Institutional investors and hedge funds own 51.47% of the company's stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI lifted their price target 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.

Cohen & Steers Price Performance

NYSE CNS traded up $0.11 during mid-day trading on Wednesday, reaching $86.56. 114,440 shares of the stock were exchanged, compared to its average volume of 193,592. Cohen & Steers, Inc. has a one year low of $64.13 and a one year high of $110.67. The stock has a 50 day simple moving average of $90.07 and a 200-day simple moving average of $93.28. The stock has a market cap of $4.38 billion, a P/E ratio of 29.14 and a beta of 1.56.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.02). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%.

Cohen & Steers Profile

Cohen & Steers, Inc is a holding company which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.