Intech Investment Management LLC Makes New Investment in Cohen & Steers, Inc. (NYSE:CNS)

Intech Investment Management LLC bought a new stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,553 shares of the asset manager's stock, valued at approximately $629,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in shares of Cohen & Steers by 19.8% in the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock valued at $62,000 after purchasing an additional 107 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in 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 during the period. Mendel Capital Management LLC boosted its position in Cohen & Steers by 3.3% during the third 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 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 acquiring an additional 172 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Cohen & Steers by 4.0% in the 2nd quarter. Inspire Investing LLC now owns 4,864 shares of the asset manager's stock worth $353,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 51.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group upgraded Cohen & Steers from a "sell" rating to a "neutral" rating and upped their target price for the company from $63.00 to $102.00 in a research report on Thursday, October 17th. Evercore ISI increased their price target on 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

Shares of CNS traded up $0.03 during trading hours on Friday, hitting $104.66. The stock had a trading volume of 93,371 shares, compared to its average volume of 176,842. Cohen & Steers, Inc. has a 1-year low of $58.18 and a 1-year high of $110.67. The firm has a market capitalization of $5.29 billion, a P/E ratio of 39.05 and a beta of 1.53. The firm has a 50 day simple moving average of $99.46 and a 200-day simple moving average of $86.34.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, beating 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 quarter in the previous year, the company posted $0.70 earnings per share. The company's quarterly revenue was up 7.7% on a year-over-year basis.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a $0.59 dividend. The ex-dividend date is Monday, November 18th. This represents a $2.36 annualized dividend and a yield of 2.25%. Cohen & Steers's payout ratio is 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.