Cohen & Steers, Inc. (NYSE:CNS) Position Lowered by Quadrature Capital Ltd

Quadrature Capital Ltd lowered its position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 82.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,106 shares of the asset manager's stock after selling 9,606 shares during the quarter. Quadrature Capital Ltd's holdings in Cohen & Steers were worth $202,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Creative Planning lifted its stake in shares of Cohen & Steers by 9.5% in the second quarter. Creative Planning now owns 11,940 shares of the asset manager's stock valued at $866,000 after purchasing an additional 1,034 shares during the period. Rhumbline Advisers increased its holdings in Cohen & Steers by 101.6% in the second quarter. Rhumbline Advisers now owns 77,146 shares of the asset manager's stock valued at $5,598,000 after buying an additional 38,887 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Cohen & Steers during the 3rd quarter valued at approximately $5,025,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Cohen & Steers by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager's stock worth $91,305,000 after acquiring an additional 52,103 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Cohen & Steers in the 2nd quarter worth approximately $950,000. Institutional investors and hedge funds own 51.47% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on CNS shares. UBS Group upgraded Cohen & Steers from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $63.00 to $102.00 in a research report on Thursday, October 17th. Evercore ISI boosted their price objective on shares of Cohen & Steers from $110.00 to $111.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th.

Cohen & Steers Stock Up 0.0 %

Shares of CNS traded up $0.05 during mid-day trading on Thursday, hitting $100.66. The company had a trading volume of 222,624 shares, compared to its average volume of 219,973. Cohen & Steers, Inc. has a 1-year low of $64.13 and a 1-year high of $110.67. The business's 50-day simple moving average is $100.59 and its 200-day simple moving average is $88.02. The stock has a market cap of $5.09 billion, a PE ratio of 37.56 and a beta of 1.52.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly 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. The firm had revenue of $133.20 million during the quarter, compared to the consensus estimate of $124.18 million. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 earnings per share.

Cohen & Steers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. Cohen & Steers's payout ratio is currently 88.06%.

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.