Cohen & Steers, Inc. (NYSE:CNS) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 21.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,391 shares of the asset manager’s stock after purchasing an additional 3,366 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Cohen & Steers were worth $1,810,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Cohen & Steers during the third quarter worth about $31,000. Westside Investment Management Inc. purchased a new stake in Cohen & Steers in the 3rd quarter worth approximately $32,000. GAMMA Investing LLC grew its stake in shares of Cohen & Steers by 64.9% during the 3rd quarter. GAMMA Investing LLC now owns 610 shares of the asset manager’s stock worth $59,000 after purchasing an additional 240 shares during the period. Signaturefd LLC increased its holdings in shares of Cohen & Steers by 19.8% during 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 in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Cohen & Steers in the 4th quarter valued at $73,000. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CNS shares. Evercore ISI raised their price target on shares of Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. 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.

Cohen & Steers Price Performance

Shares of CNS stock opened at $86.93 on Tuesday. Cohen & Steers, Inc. has a 1-year low of $64.13 and a 1-year high of $110.67. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 29.27 and a beta of 1.56. The stock has a 50 day simple moving average of $91.97 and a 200-day simple moving average of $93.26.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%.

Cohen & Steers Profile

Cohen & Steers, Inc is a holding company which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.