Sanctuary Advisors LLC Invests $1.96 Million in Cohen & Steers, Inc. (NYSE:CNS)

Sanctuary Advisors LLC bought a new stake in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,912 shares of the asset manager's stock, valued at approximately $1,964,000. Sanctuary Advisors LLC owned approximately 0.06% of Cohen & Steers as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wasatch Advisors LP increased its holdings in shares of Cohen & Steers by 29.1% in the first quarter. Wasatch Advisors LP now owns 3,124,662 shares of the asset manager's stock worth $240,255,000 after purchasing an additional 703,999 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Cohen & Steers by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,666,537 shares of the asset manager's stock valued at $201,937,000 after purchasing an additional 31,525 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cohen & Steers by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,176,861 shares of the asset manager's stock valued at $85,390,000 after purchasing an additional 35,905 shares in the last quarter. Boston Trust Walden Corp increased its position in Cohen & Steers by 1.1% in the second quarter. Boston Trust Walden Corp now owns 937,797 shares of the asset manager's stock worth $68,047,000 after purchasing an additional 9,960 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Cohen & Steers by 20.9% during the second quarter. Bank of New York Mellon Corp now owns 646,835 shares of the asset manager's stock valued at $46,934,000 after purchasing an additional 111,649 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors.

Cohen & Steers Stock Performance

NYSE CNS traded up $1.77 on Wednesday, hitting $92.51. 211,534 shares of the stock were exchanged, compared to its average volume of 221,623. Cohen & Steers, Inc. has a 52-week low of $50.05 and a 52-week high of $97.57. The firm has a market capitalization of $4.68 billion, a P/E ratio of 36.00 and a beta of 1.54. The stock has a fifty day moving average price of $88.98 and a two-hundred day moving average price of $78.68.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its quarterly earnings results on Wednesday, July 17th. The asset manager reported $0.68 EPS for the quarter. The firm had revenue of $121.70 million during the quarter, compared to analysts' expectations of $121.48 million. Cohen & Steers had a net margin of 26.21% and a return on equity of 34.08%. The firm's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 EPS.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Monday, August 12th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Monday, August 12th. Cohen & Steers's dividend payout ratio (DPR) is presently 91.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CNS. Evercore ISI lifted their price objective on shares of Cohen & Steers from $92.00 to $96.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. UBS Group reduced their price objective on Cohen & Steers from $65.00 to $63.00 and set a "sell" rating on the stock in a research note on Wednesday, July 10th.

Insiders Place Their Bets

In other news, EVP Jon Cheigh sold 12,500 shares of the business's stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $84.08, for a total transaction of $1,051,000.00. Following the completion of the sale, the executive vice president now directly owns 155,311 shares of the company's stock, valued at approximately $13,058,548.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Jon Cheigh sold 12,500 shares of Cohen & Steers stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $84.08, for a total transaction of $1,051,000.00. Following the completion of the sale, the executive vice president now owns 155,311 shares of the company's stock, valued at approximately $13,058,548.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard P. Simon sold 7,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $80.61, for a total value of $564,270.00. Following the completion of the transaction, the director now directly owns 15,660 shares in the company, valued at approximately $1,262,352.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,600 shares of company stock worth $1,710,365 over the last quarter. Company insiders own 47.60% of the company's stock.

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.