Congress Asset Management Co. Increases Position in Cohen & Steers, Inc. (NYSE:CNS)

Congress Asset Management Co. lifted its position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 432,897 shares of the asset manager's stock after buying an additional 14,370 shares during the period. Congress Asset Management Co. owned approximately 0.86% of Cohen & Steers worth $41,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CNS. Principal Financial Group Inc. lifted its position in 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 valued at $9,489,000 after purchasing an additional 127,276 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new stake in Cohen & Steers during the first quarter worth approximately $5,193,000. Bank of New York Mellon Corp increased its stake 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 acquiring an additional 111,649 shares during the last quarter. Hsbc Holdings PLC increased its stake in Cohen & Steers by 91.1% during the second quarter. Hsbc Holdings PLC now owns 132,193 shares of the asset manager's stock worth $9,590,000 after acquiring an additional 63,019 shares during the last quarter. Finally, Public Sector Pension Investment Board purchased a new position in shares of Cohen & Steers during the second quarter valued at approximately $4,199,000. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Trading Down 2.1 %

CNS traded down $2.11 during midday trading on Thursday, hitting $98.85. 120,089 shares of the company were exchanged, compared to its average volume of 225,779. The company's 50 day simple moving average is $94.07 and its 200 day simple moving average is $81.44. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 36.85 and a beta of 1.54. Cohen & Steers, Inc. has a 1-year low of $51.61 and a 1-year high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly 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. Cohen & Steers had a return on equity of 34.08% and a net margin of 26.21%. The company had revenue of $133.20 million for the quarter, compared to the consensus estimate of $124.18 million. During the same period last year, the firm earned $0.70 EPS. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year.

Analyst Ratings Changes

CNS has been the subject of several recent analyst reports. UBS Group upgraded Cohen & Steers from a "sell" rating to a "neutral" rating and boosted their target price for the company from $63.00 to $102.00 in a research report on Thursday, October 17th. Evercore ISI upped their price target 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 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.