Edgestream Partners L.P. Invests $4.05 Million in Cohen & Steers, Inc. (NYSE:CNS)

Edgestream Partners L.P. bought a new position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 42,233 shares of the asset manager's stock, valued at approximately $4,052,000. Edgestream Partners L.P. owned 0.08% of Cohen & Steers as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of Cohen & Steers by 19.8% in the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock worth $62,000 after purchasing an additional 107 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Cohen & Steers by 16.9% in the third quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager's stock valued at $79,000 after buying an additional 119 shares in the last quarter. Mendel Capital Management LLC lifted its position in shares of Cohen & Steers by 3.3% during the 3rd quarter. Mendel Capital Management LLC now owns 4,495 shares of the asset manager's stock valued at $431,000 after acquiring an additional 145 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Cohen & Steers by 5.5% in the 2nd 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 during the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its holdings in shares of Cohen & Steers by 4.0% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 4,478 shares of the asset manager's stock worth $430,000 after acquiring an additional 172 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CNS. UBS Group upgraded Cohen & Steers from a "sell" rating to a "neutral" rating and increased their price target for the company from $63.00 to $102.00 in a research report on Thursday, October 17th. Evercore ISI raised 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.

Cohen & Steers Stock Up 0.0 %

Shares of CNS traded up $0.03 during mid-day trading on Friday, reaching $104.66. The company's stock had a trading volume of 93,371 shares, compared to its average volume of 176,842. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 39.05 and a beta of 1.53. The business has a fifty day moving average of $99.46 and a 200 day moving average of $86.34. Cohen & Steers, Inc. has a 1 year low of $58.18 and a 1 year high of $110.67.

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

Cohen & Steers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Monday, November 18th. 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.