Copeland Capital Management LLC Increases Stock Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Copeland Capital Management LLC increased its position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,091,097 shares of the asset manager's stock after acquiring an additional 10,420 shares during the quarter. Cohen & Steers accounts for about 1.8% of Copeland Capital Management LLC's holdings, making the stock its 6th largest position. Copeland Capital Management LLC owned approximately 2.16% of Cohen & Steers worth $104,691,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CNS. Berry Wealth Group LP raised its position in Cohen & Steers by 11.0% during the third quarter. Berry Wealth Group LP now owns 3,168 shares of the asset manager's stock valued at $304,000 after buying an additional 314 shares during the period. Everence Capital Management Inc. purchased a new position in Cohen & Steers during the 3rd quarter valued at about $211,000. OLD National Bancorp IN purchased a new stake in shares of Cohen & Steers in the third quarter worth approximately $206,000. nVerses Capital LLC purchased a new position in Cohen & Steers during the third quarter valued at approximately $125,000. Finally, Creative Planning boosted its stake in shares of Cohen & Steers by 54.1% during the 3rd quarter. Creative Planning now owns 18,396 shares of the asset manager's stock valued at $1,765,000 after buying an additional 6,456 shares during the period. Hedge funds and other institutional investors own 51.47% of the company's stock.

Insider Transactions at Cohen & Steers

In related news, EVP Jon Cheigh sold 12,500 shares of the business's stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $84.08, for a total value of $1,051,000.00. Following the completion of the sale, the executive vice president now directly owns 155,311 shares in the company, 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 filing with the SEC, which is accessible through this link. In related news, EVP Jon Cheigh sold 12,500 shares of the firm's 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Elena Dulik sold 1,100 shares of the firm's stock in a transaction on Friday, July 26th. The stock was sold at an average price of $86.45, for a total value of $95,095.00. Following the transaction, the chief accounting officer now directly owns 20,091 shares of the company's stock, valued at approximately $1,736,866.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 47.60% of the company's stock.

Cohen & Steers Price Performance

Shares of NYSE:CNS traded down $1.38 during trading on Tuesday, reaching $103.47. The stock had a trading volume of 208,509 shares, compared to its average volume of 225,676. The business's 50-day moving average price is $91.73 and its 200 day moving average price is $80.13. The stock has a market capitalization of $5.23 billion, a PE ratio of 40.44 and a beta of 1.54. Cohen & Steers, Inc. has a 52 week low of $50.05 and a 52 week high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.03. Cohen & Steers had a net margin of 26.21% and a return on equity of 34.08%. The company had revenue of $133.20 million for the quarter, compared to the consensus estimate of $124.18 million. During the same period in the prior year, the company posted $0.70 EPS. The company's revenue was up 7.7% compared to the same quarter last year.

Cohen & Steers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Monday, August 12th were issued a dividend of $0.59 per share. The ex-dividend date was Monday, August 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.28%. Cohen & Steers's payout ratio is presently 91.83%.

Analysts Set New Price Targets

A number of analysts recently issued reports on CNS shares. Evercore ISI lifted their price objective on Cohen & Steers from $92.00 to $96.00 and gave the company an "outperform" rating in a research report on Friday, October 4th. UBS Group upgraded shares of Cohen & Steers from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $63.00 to $102.00 in a report on Thursday, October 17th.

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.