Cohen & Steers, Inc. (NYSE:CNS) Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC lowered its stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 17.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,818 shares of the asset manager's stock after selling 5,105 shares during the period. Hunter Perkins Capital Management LLC's holdings in Cohen & Steers were worth $2,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CNS. Creative Planning increased its stake in shares of Cohen & Steers by 54.1% during the third quarter. Creative Planning now owns 18,396 shares of the asset manager's stock worth $1,765,000 after buying an additional 6,456 shares during the period. GAMMA Investing LLC grew its holdings in Cohen & Steers by 64.9% during the 3rd quarter. GAMMA Investing LLC now owns 610 shares of the asset manager's stock worth $59,000 after acquiring an additional 240 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Cohen & Steers by 15.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 6,051 shares of the asset manager's stock valued at $581,000 after purchasing an additional 800 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Cohen & Steers by 207.5% in the 3rd quarter. SG Americas Securities LLC now owns 4,286 shares of the asset manager's stock valued at $411,000 after purchasing an additional 2,892 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Cohen & Steers during the 2nd quarter worth $1,964,000. Hedge funds and other institutional investors own 51.47% of the company's stock.

Insider Transactions at Cohen & Steers

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group cut their price target 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. Evercore ISI raised their target price on Cohen & Steers from $92.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th.

Cohen & Steers Trading Up 3.1 %

NYSE:CNS traded up $3.03 during midday trading on Wednesday, hitting $101.23. 372,707 shares of the company were exchanged, compared to its average volume of 221,077. Cohen & Steers, Inc. has a fifty-two week low of $50.05 and a fifty-two week high of $102.19. The company has a market capitalization of $5.12 billion, a PE ratio of 39.37 and a beta of 1.54. The company has a fifty day simple moving average of $89.98 and a 200 day simple moving average of $79.26.

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

Cohen & Steers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Monday, August 12th. Cohen & Steers's payout ratio is currently 91.83%.

Cohen & Steers Company 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.