Central Pacific Bank Trust Division Buys Shares of 3,000 Cohen & Steers, Inc. (NYSE:CNS)

Central Pacific Bank Trust Division bought a new stake in Cohen & Steers, Inc. (NYSE:CNS) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,000 shares of the asset manager’s stock, valued at approximately $224,000.

Several other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. acquired a new stake in shares of Cohen & Steers during the fourth quarter worth $28,000. SRS Capital Advisors Inc. raised its holdings in shares of Cohen & Steers by 294.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 548 shares of the asset manager’s stock worth $41,000 after purchasing an additional 409 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Cohen & Steers by 17.0% during the first quarter. Principal Financial Group Inc. now owns 3,498 shares of the asset manager’s stock worth $269,000 after purchasing an additional 509 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cohen & Steers by 8.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,596 shares of the asset manager’s stock worth $500,000 after purchasing an additional 540 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cohen & Steers by 5.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,754 shares of the asset manager’s stock worth $1,193,000 after purchasing an additional 746 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cohen & Steers

In other Cohen & Steers news, EVP Jon Cheigh sold 7,159 shares of Cohen & Steers stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $72.57, for a total value of $519,528.63. Following the completion of the transaction, the executive vice president now owns 167,018 shares of the company’s stock, valued at $12,120,496.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 47.04% of the stock is owned by corporate insiders.

Cohen & Steers Stock Performance

Shares of Cohen & Steers stock traded down $0.43 during trading on Wednesday, hitting $71.80. 6,354 shares of the company’s stock were exchanged, compared to its average volume of 236,297. The business has a 50-day simple moving average of $71.18 and a 200-day simple moving average of $71.50. Cohen & Steers, Inc. has a 52-week low of $50.05 and a 52-week high of $78.58. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 28.05 and a beta of 1.53.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Thursday, April 18th. The asset manager reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). Cohen & Steers had a net margin of 26.27% and a return on equity of 36.67%. The firm had revenue of $122.71 million during the quarter, compared to analysts’ expectations of $125.01 million. During the same period in the previous year, the firm posted $0.76 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis.

Cohen & Steers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.36 dividend on an annualized basis and a yield of 3.29%. Cohen & Steers’s payout ratio is 91.83%.

Analysts Set New Price Targets

Separately, UBS Group reduced their target price on shares of Cohen & Steers from $69.00 to $67.00 and set a “sell” rating for the company in a report on Friday, April 12th.

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.