Raymond James & Associates Has $22.59 Million Position in Cohen & Steers, Inc. (NYSE:CNS)

Raymond James & Associates lessened its holdings in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 235,464 shares of the asset manager's stock after selling 23,788 shares during the quarter. Raymond James & Associates owned approximately 0.47% of Cohen & Steers worth $22,593,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CNS. Wasatch Advisors LP boosted its stake in Cohen & Steers by 29.1% in the first quarter. Wasatch Advisors LP now owns 3,124,662 shares of the asset manager's stock valued at $240,255,000 after acquiring an additional 703,999 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Cohen & Steers by 3,638.5% during the second quarter. Principal Financial Group Inc. now owns 130,774 shares of the asset manager's stock worth $9,489,000 after purchasing an additional 127,276 shares during the period. Silvercrest Asset Management Group LLC acquired a new position in Cohen & Steers in the first quarter valued at about $5,193,000. Bank of New York Mellon Corp boosted its holdings 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 worth $46,934,000 after buying an additional 111,649 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Cohen & Steers by 91.1% during the 2nd quarter. Hsbc Holdings PLC now owns 132,193 shares of the asset manager's stock worth $9,590,000 after buying an additional 63,019 shares during the period. Institutional investors and hedge funds own 51.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of 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 raised shares of 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 note on Thursday, October 17th.

Cohen & Steers Price Performance

Shares of Cohen & Steers stock traded down $0.47 during trading hours on Friday, hitting $99.99. The company's stock had a trading volume of 209,568 shares, compared to its average volume of 226,581. The company has a market capitalization of $5.05 billion, a PE ratio of 38.91 and a beta of 1.54. The stock has a 50 day moving average of $92.81 and a 200 day moving average of $80.62. Cohen & Steers, Inc. has a 12 month low of $50.05 and a 12 month high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.03. The business had revenue of $133.20 million during the quarter, compared to analysts' expectations of $124.18 million. Cohen & Steers had a return on equity of 34.08% and a net margin of 26.21%. Cohen & Steers's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior 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 given a dividend of $0.59 per share. The ex-dividend date was Monday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 2.36%. Cohen & Steers's dividend payout ratio is currently 91.83%.

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.