Consolidated Planning Corp Makes New Investment in Cohen & Steers, Inc. (NYSE:CNS)

Consolidated Planning Corp purchased a new position in Cohen & Steers, Inc. (NYSE:CNS) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 5,601 shares of the asset manager’s stock, valued at approximately $517,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Cohen & Steers in the 3rd quarter valued at $31,000. Westside Investment Management Inc. purchased a new stake in shares of Cohen & Steers in the 3rd quarter valued at $32,000. GAMMA Investing LLC boosted its stake in shares of Cohen & Steers by 64.9% in the 3rd quarter. GAMMA Investing LLC now owns 610 shares of the asset manager’s stock valued at $59,000 after purchasing an additional 240 shares in the last quarter. Signaturefd LLC boosted its stake in shares of 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 in the last quarter. Finally, R Squared Ltd purchased a new stake 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.

Analysts Set New Price Targets

CNS has been the subject of a number of research reports. UBS Group raised shares of Cohen & Steers from a “sell” rating to a “neutral” rating and upped their price objective for the company from $63.00 to $102.00 in a research note on Thursday, October 17th. Evercore ISI upped 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 Stock Down 3.0 %

Shares of CNS opened at $83.65 on Thursday. The stock has a market capitalization of $4.23 billion, a P/E ratio of 28.16 and a beta of 1.56. The firm has a fifty day simple moving average of $91.28 and a two-hundred day simple moving average of $93.18. Cohen & Steers, Inc. has a twelve month low of $64.13 and a twelve month high of $110.67.

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

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.