Boston Trust Walden Corp Cuts Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Boston Trust Walden Corp decreased its stake in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 919,451 shares of the asset manager's stock after selling 18,346 shares during the period. Boston Trust Walden Corp owned about 1.82% of Cohen & Steers worth $88,221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of Cohen & Steers by 115.1% during the 2nd quarter. GAMMA Investing LLC now owns 370 shares of the asset manager's stock valued at $27,000 after purchasing an additional 198 shares during the last quarter. Signaturefd LLC grew its position in Cohen & Steers by 19.8% during the third quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock valued at $62,000 after buying an additional 107 shares during the period. nVerses Capital LLC purchased a new stake in Cohen & Steers during the third quarter valued at approximately $125,000. Meeder Asset Management Inc. purchased a new stake in Cohen & Steers during the second quarter valued at approximately $161,000. Finally, OLD National Bancorp IN bought a new position in Cohen & Steers in the third quarter worth approximately $206,000. Hedge funds and other institutional investors own 51.47% of the company's stock.

Cohen & Steers Stock Performance

Shares of CNS traded down $0.47 during mid-day trading on Friday, reaching $99.99. The stock had a trading volume of 209,568 shares, compared to its average volume of 226,581. The business has a fifty day moving average of $93.11 and a 200 day moving average of $80.80. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 38.91 and a beta of 1.54. 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 issued its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.03. The company had revenue of $133.20 million during the quarter, compared to the consensus estimate of $124.18 million. Cohen & Steers had a net margin of 26.21% and a return on equity of 34.08%. Cohen & Steers's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 EPS.

Cohen & Steers Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Evercore ISI upped their price objective on 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 raised Cohen & Steers from a "sell" rating to a "neutral" rating and boosted their price target for the company 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.