Boston Trust Walden Corp Lowers Stock Position in Cohen & Steers, Inc. (NYSE:CNS)

Boston Trust Walden Corp lessened its stake in Cohen & Steers, Inc. (NYSE:CNS) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 919,451 shares of the asset manager’s stock after selling 18,346 shares during the period. Boston Trust Walden Corp owned approximately 1.82% of Cohen & Steers worth $88,221,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in Cohen & Steers by 115.1% in the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock worth $27,000 after acquiring an additional 198 shares in the last quarter. Signaturefd LLC raised its position in Cohen & Steers by 19.8% during the third quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 107 shares in the last quarter. nVerses Capital LLC bought a new stake in Cohen & Steers during the third quarter worth about $125,000. Meeder Asset Management Inc. purchased a new position in shares of Cohen & Steers in the 2nd quarter worth about $161,000. Finally, OLD National Bancorp IN bought a new position in shares of Cohen & Steers during the 3rd quarter valued at about $206,000. Institutional investors own 51.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CNS. 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 $92.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, October 4th.

Cohen & Steers Stock Down 0.5 %

Shares of CNS traded down $0.47 during trading hours on Friday, hitting $99.99. The company had a trading volume of 209,568 shares, compared to its average volume of 226,581. Cohen & Steers, Inc. has a 52-week low of $50.05 and a 52-week high of $110.67. The stock’s 50 day moving average price is $93.11 and its 200 day moving average price is $80.80. The firm has a market cap of $5.05 billion, a P/E ratio of 38.91 and a beta of 1.54.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data 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 34.08% and a net margin of 26.21%. The firm had revenue of $133.20 million during the quarter, compared to the consensus estimate of $124.18 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis.

Cohen & Steers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders 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 yield of 2.36%. Cohen & Steers’s payout ratio is currently 91.83%.

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.