Cohen & Steers (NYSE:CNS) Given New $111.00 Price Target at Evercore ISI

Cohen & Steers (NYSE:CNS - Free Report) had its target price hoisted by Evercore ISI from $110.00 to $111.00 in a research note issued to investors on Thursday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the asset manager's stock.

Separately, UBS Group upgraded shares of Cohen & Steers from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $63.00 to $102.00 in a report on Thursday, October 17th.

Cohen & Steers Price Performance

Shares of Cohen & Steers stock traded down $0.10 during trading on Thursday, hitting $102.20. The stock had a trading volume of 222,632 shares, compared to its average volume of 227,093. The firm's fifty day simple moving average is $95.34 and its 200-day simple moving average is $82.54. The stock has a market cap of $5.17 billion, a PE ratio of 37.67 and a beta of 1.53. Cohen & Steers has a 12 month low of $51.61 and a 12 month 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 for the quarter, beating analysts' consensus estimates of $0.74 by $0.03. Cohen & Steers had a net margin of 27.23% and a return on equity of 34.43%. The company had revenue of $133.20 million during the quarter, compared to analyst estimates of $124.18 million. During the same quarter last year, the business posted $0.70 EPS. The firm's revenue for the quarter was up 7.7% on a year-over-year basis.

Institutional Investors Weigh In On Cohen & Steers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position 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 buying an additional 107 shares during the last quarter. Farther Finance Advisors LLC grew its position in Cohen & Steers by 16.9% during the 3rd 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 last quarter. Mendel Capital Management LLC grew its position in Cohen & Steers by 3.3% during the 3rd quarter. Mendel Capital Management LLC now owns 4,495 shares of the asset manager's stock worth $431,000 after purchasing an additional 145 shares during the last quarter. AQR Capital Management LLC grew its position in Cohen & Steers by 5.5% during the 2nd quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager's stock worth $238,000 after purchasing an additional 172 shares during the last quarter. Finally, Inspire Investing LLC grew its position in Cohen & Steers by 4.0% during the 2nd quarter. Inspire Investing LLC now owns 4,864 shares of the asset manager's stock worth $353,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 51.47% of the company's stock.

About Cohen & Steers

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.