UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.83 Million Stock Position in Cohen & Steers, Inc. (NYSE:CNS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 10.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 60,708 shares of the asset manager's stock after selling 7,302 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Cohen & Steers worth $5,825,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC lifted its position in Cohen & Steers by 19.8% in the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock valued at $62,000 after purchasing an additional 107 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Cohen & Steers by 16.9% during the third quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager's stock valued at $79,000 after buying an additional 119 shares during the last quarter. Mendel Capital Management LLC boosted its position in shares of Cohen & Steers by 3.3% during the third quarter. Mendel Capital Management LLC now owns 4,495 shares of the asset manager's stock worth $431,000 after buying an additional 145 shares during the period. AQR Capital Management LLC grew its holdings in Cohen & Steers by 5.5% in the 2nd quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager's stock worth $238,000 after buying an additional 172 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its position in Cohen & Steers by 4.0% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 4,478 shares of the asset manager's stock valued at $430,000 after acquiring an additional 172 shares during the period. Institutional investors own 51.47% of the company's stock.

Cohen & Steers Stock Up 1.0 %

CNS traded up $0.95 during trading on Wednesday, reaching $100.60. The stock had a trading volume of 435,621 shares, compared to its average volume of 220,334. The stock has a 50 day moving average of $100.27 and a two-hundred day moving average of $87.84. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 37.86 and a beta of 1.52. Cohen & Steers, Inc. has a 1-year low of $63.48 and a 1-year high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The business had revenue of $133.20 million during the quarter, compared to analysts' expectations of $124.18 million. During the same quarter last year, the business posted $0.70 earnings per share. The company's quarterly revenue was up 7.7% on a year-over-year basis.

Cohen & Steers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.35%. Cohen & Steers's payout ratio is currently 88.06%.

Analysts Set New Price Targets

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

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.