Eagle Asset Management Inc. Sells 80,963 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Eagle Asset Management Inc. trimmed its position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 28.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,471 shares of the asset manager's stock after selling 80,963 shares during the quarter. Eagle Asset Management Inc. owned about 0.40% of Cohen & Steers worth $20,825,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Cohen & Steers by 115.1% during 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 period. Ashton Thomas Securities LLC acquired a new stake in shares of Cohen & Steers during the 3rd quarter worth approximately $31,000. Signaturefd LLC raised its stake in shares of Cohen & Steers by 19.8% in the third quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock valued at $62,000 after purchasing an additional 107 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Cohen & Steers by 16.9% in the third quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager's stock worth $79,000 after purchasing an additional 119 shares during the period. Finally, KBC Group NV bought a new stake in Cohen & Steers in the 3rd quarter valued at $106,000. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Cohen & Steers Stock Performance

Cohen & Steers stock traded up $1.43 on Friday, reaching $103.42. The company's stock had a trading volume of 96,801 shares, compared to its average volume of 196,207. The business's fifty day moving average price is $98.47 and its 200 day moving average price is $85.16. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 38.59 and a beta of 1.53. Cohen & Steers, Inc. has a twelve month low of $56.23 and a twelve month high of $110.67.

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

Cohen & Steers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.59 per share. The ex-dividend date is Monday, November 18th. This represents a $2.36 annualized dividend and a yield of 2.28%. Cohen & Steers's dividend payout ratio is currently 88.06%.

Cohen & Steers 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.