Creative Planning Has $1.77 Million Stock Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Creative Planning grew its position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 54.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,396 shares of the asset manager's stock after purchasing an additional 6,456 shares during the period. Creative Planning's holdings in Cohen & Steers were worth $1,765,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CNS. Vanguard Group Inc. boosted its stake in shares of Cohen & Steers by 1.2% in the 4th 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. Congress Wealth Management LLC DE raised its holdings in shares of Cohen & Steers by 14.0% in the first quarter. Congress Wealth Management LLC DE now owns 74,358 shares of the asset manager's stock valued at $5,717,000 after buying an additional 9,104 shares during the last quarter. Norden Group LLC bought a new position in shares of Cohen & Steers in the first quarter valued at about $336,000. Principal Financial Group Inc. raised its holdings in shares of Cohen & Steers by 17.0% in the first quarter. Principal Financial Group Inc. now owns 3,498 shares of the asset manager's stock valued at $269,000 after buying an additional 509 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cohen & Steers by 35.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,382 shares of the asset manager's stock valued at $1,644,000 after buying an additional 5,628 shares during the last quarter. Institutional investors and hedge funds own 51.47% of the company's stock.

Wall Street Analysts Forecast Growth

CNS has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on Cohen & Steers from $92.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, October 4th. UBS Group raised Cohen & Steers from a "sell" rating to a "neutral" rating and lifted their price target for the company from $63.00 to $102.00 in a report on Thursday, October 17th.

Cohen & Steers Stock Performance

NYSE:CNS traded up $0.14 on Tuesday, hitting $100.74. 184,096 shares of the stock were exchanged, compared to its average volume of 226,470. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 39.20 and a beta of 1.54. Cohen & Steers, Inc. has a 52 week low of $51.08 and a 52 week high of $110.67. The company's 50-day moving average price is $93.74 and its 200 day moving average price is $81.31.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings data 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 firm 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%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS.

Cohen & Steers Announces Dividend

The business also recently announced 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 of this dividend was Monday, August 12th. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. 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.