Trajan Wealth LLC Takes Position in Cohen & Steers, Inc. (NYSE:CNS)

Trajan Wealth LLC purchased a new position in Cohen & Steers, Inc. (NYSE:CNS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,573 shares of the asset manager’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Cohen & Steers by 115.1% in the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock valued at $27,000 after buying an additional 198 shares during the last quarter. 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. nVerses Capital LLC acquired a new position in Cohen & Steers during the 3rd quarter valued at about $125,000. Meeder Asset Management Inc. bought a new position in Cohen & Steers in the 2nd quarter worth about $161,000. Finally, OLD National Bancorp IN bought a new stake in shares of Cohen & Steers during the third quarter valued at approximately $206,000. Institutional investors and hedge funds own 51.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on CNS shares. UBS Group upgraded Cohen & Steers from a “sell” rating to a “neutral” rating and raised 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 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 Price Performance

Shares of NYSE:CNS opened at $100.90 on Thursday. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 39.26 and a beta of 1.54. Cohen & Steers, Inc. has a 12 month low of $51.61 and a 12 month high of $110.67. The stock’s 50 day moving average price is $94.07 and its 200 day moving average price is $81.44.

Cohen & Steers (NYSE:CNS) last released its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $124.18 million. During the same period in the previous year, the company earned $0.70 earnings per share. Cohen & Steers’s revenue was up 7.7% compared to the same quarter last year.

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.