Cohen & Steers (NYSE:CNS - Get Free Report) had its target price lowered by research analysts at Evercore ISI from $94.00 to $78.00 in a report released on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the asset manager's stock. Evercore ISI's price target indicates a potential upside of 5.72% from the stock's previous close.
Cohen & Steers Stock Performance
Shares of NYSE:CNS traded down $0.92 during midday trading on Friday, reaching $73.78. 121,834 shares of the company's stock traded hands, compared to its average volume of 236,199. Cohen & Steers has a one year low of $64.13 and a one year high of $110.67. The stock has a 50 day moving average of $81.11 and a 200 day moving average of $90.80. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 24.84 and a beta of 1.46.
Cohen & Steers (NYSE:CNS - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%.
Institutional Investors Weigh In On Cohen & Steers
Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Cohen & Steers by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,319,673 shares of the asset manager's stock worth $306,539,000 after buying an additional 22,012 shares in the last quarter. State Street Corp increased its stake in shares of Cohen & Steers by 0.8% in the third quarter. State Street Corp now owns 1,098,165 shares of the asset manager's stock worth $105,369,000 after purchasing an additional 8,774 shares in the last quarter. Copeland Capital Management LLC raised its position in shares of Cohen & Steers by 0.5% during the 4th quarter. Copeland Capital Management LLC now owns 1,096,400 shares of the asset manager's stock valued at $101,242,000 after purchasing an additional 5,303 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Cohen & Steers by 5.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager's stock valued at $92,749,000 after buying an additional 52,846 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Cohen & Steers by 5.8% in the 4th quarter. Invesco Ltd. now owns 883,805 shares of the asset manager's stock worth $81,611,000 after buying an additional 48,683 shares during the period. Institutional investors own 51.47% of the company's stock.
About Cohen & Steers
(
Get Free Report)
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.
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