Cohen & Steers (CNS) Scheduled to Post Earnings on Wednesday

Cohen & Steers (NYSE:CNS) will announce its earnings results after the market closes on Wednesday, October 16th. Persons interested in participating in the company’s earnings conference call can do so using this link.

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

Cohen & Steers Price Performance

CNS stock opened at $93.82 on Monday. Cohen & Steers has a fifty-two week low of $50.05 and a fifty-two week high of $97.57. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 36.51 and a beta of 1.54. The business’s fifty day moving average price is $89.36 and its two-hundred day moving average price is $78.97.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Monday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Monday, August 12th. Cohen & Steers’s dividend payout ratio is 91.83%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CNS shares. UBS Group cut their price objective on shares of Cohen & Steers from $65.00 to $63.00 and set a “sell” rating for the company in a report on Wednesday, July 10th. Evercore ISI boosted their price target on Cohen & Steers from $92.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, October 4th.

Insider Buying and Selling

In related news, Director Richard P. Simon sold 7,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were 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 owns 15,660 shares of the company’s stock, valued at $1,262,352.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Cohen & Steers news, Director Richard P. Simon sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $80.61, for a total transaction of $564,270.00. Following the completion of the transaction, the director now directly owns 15,660 shares in the company, valued at $1,262,352.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jon Cheigh sold 12,500 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $84.08, for a total value of $1,051,000.00. Following the completion of the sale, the executive vice president now directly owns 155,311 shares in the company, valued at approximately $13,058,548.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,600 shares of company stock worth $1,710,365. Company insiders own 47.60% of the company’s stock.

Cohen & Steers Company 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.