Cohen & Steers, Inc. (NYSE:CNS) Stock Position Increased by Amalgamated Bank

Amalgamated Bank lifted its position in Cohen & Steers, Inc. (NYSE:CNS) by 813.2% during the second quarter, Holdings Channel reports. The institutional investor owned 7,936 shares of the asset manager’s stock after buying an additional 7,067 shares during the quarter. Amalgamated Bank’s holdings in Cohen & Steers were worth $576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CNS. Norges Bank acquired a new stake in shares of Cohen & Steers during the fourth quarter worth $26,957,000. US Bancorp DE raised its position in shares of Cohen & Steers by 6.2% during the fourth quarter. US Bancorp DE now owns 18,066 shares of the asset manager’s stock worth $1,368,000 after purchasing an additional 1,056 shares during the period. Eagle Asset Management Inc. raised its position in shares of Cohen & Steers by 5.0% during the fourth quarter. Eagle Asset Management Inc. now owns 259,000 shares of the asset manager’s stock worth $19,614,000 after purchasing an additional 12,378 shares during the period. Gabelli Funds LLC raised its position in shares of Cohen & Steers by 25.0% during the fourth quarter. Gabelli Funds LLC now owns 7,500 shares of the asset manager’s stock worth $568,000 after purchasing an additional 1,500 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Cohen & Steers during the fourth quarter worth $1,183,000. Institutional investors own 51.47% of the company’s stock.

Insider Buying and Selling at Cohen & Steers

In other Cohen & Steers news, CAO Elena Dulik sold 1,100 shares of Cohen & Steers stock in a transaction on Friday, July 26th. The stock was sold at an average price of $86.45, for a total value of $95,095.00. Following the completion of the transaction, the chief accounting officer now owns 20,091 shares in the company, valued at approximately $1,736,866.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Richard P. Simon sold 7,000 shares of Cohen & Steers stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $80.61, for a total transaction of $564,270.00. Following the completion of the sale, the director now directly owns 15,660 shares of the company’s stock, valued at $1,262,352.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Elena Dulik sold 1,100 shares of Cohen & Steers stock in a transaction on Friday, July 26th. The stock was sold at an average price of $86.45, for a total value of $95,095.00. Following the sale, the chief accounting officer now directly owns 20,091 shares of the company’s stock, valued at $1,736,866.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,600 shares of company stock worth $1,710,365. 47.60% of the stock is currently owned by insiders.

Cohen & Steers Stock Up 0.7 %

CNS opened at $95.70 on Friday. The firm has a market capitalization of $4.84 billion, a P/E ratio of 37.24 and a beta of 1.54. The stock’s 50 day moving average price is $87.56 and its two-hundred day moving average price is $77.53. Cohen & Steers, Inc. has a 12-month low of $50.05 and a 12-month high of $97.57.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, July 17th. The asset manager reported $0.68 EPS for the quarter. Cohen & Steers had a return on equity of 34.08% and a net margin of 26.21%. The company had revenue of $121.70 million during the quarter, compared to the consensus estimate of $121.48 million. During the same quarter last year, the company earned $0.70 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Monday, August 12th were given a $0.59 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.36 annualized dividend and a yield of 2.47%. Cohen & Steers’s payout ratio is 91.83%.

Analyst Upgrades and Downgrades

CNS has been the topic of several recent analyst reports. UBS Group dropped their price target on Cohen & Steers from $65.00 to $63.00 and set a “sell” rating on the stock in a research report on Wednesday, July 10th. Evercore ISI upped their price target on Cohen & Steers from $85.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th.

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.