Mirae Asset Global Investments Co. Ltd. boosted its position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 21.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,391 shares of the asset manager's stock after buying an additional 3,366 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Cohen & Steers were worth $1,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Cohen & Steers in the third quarter worth $31,000. Westside Investment Management Inc. purchased a new position in shares of Cohen & Steers in the third quarter valued at $32,000. GAMMA Investing LLC grew its position in shares of Cohen & Steers by 64.9% in the third quarter. GAMMA Investing LLC now owns 610 shares of the asset manager's stock valued at $59,000 after purchasing an additional 240 shares in the last quarter. Signaturefd LLC grew its position 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. Finally, R Squared Ltd purchased a new position in shares of Cohen & Steers in the fourth quarter valued at $73,000. 51.47% of the stock is owned by hedge funds and other institutional investors.
Cohen & Steers Stock Performance
Cohen & Steers stock traded up $0.78 during midday trading on Friday, hitting $85.18. 82,018 shares of the company's stock were exchanged, compared to its average volume of 199,521. Cohen & Steers, Inc. has a 52-week low of $64.13 and a 52-week high of $110.67. The stock has a 50-day moving average price of $90.64 and a two-hundred day moving average price of $93.13. The company has a market cap of $4.31 billion, a P/E ratio of 28.68 and a beta of 1.56.
Cohen & Steers (NYSE:CNS - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 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%.
Analyst Upgrades and Downgrades
CNS has been the subject of several recent research reports. Evercore ISI lifted their price target on 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 lifted their price target for the company from $63.00 to $102.00 in a research report on Thursday, October 17th.
Check Out Our Latest Research Report on Cohen & Steers
About Cohen & Steers
(
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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