State of Alaska Department of Revenue Decreases Stock Position in Cohen & Steers, Inc. (NYSE:CNS)

State of Alaska Department of Revenue lowered its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,289 shares of the asset manager’s stock after selling 141 shares during the quarter. State of Alaska Department of Revenue’s holdings in Cohen & Steers were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNS. Signaturefd LLC raised its position 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 acquiring an additional 107 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Cohen & Steers by 5.5% during the second quarter. AQR Capital Management LLC now owns 3,274 shares of the asset manager’s stock worth $238,000 after purchasing an additional 172 shares during the period. Inspire Investing LLC raised its holdings in shares of Cohen & Steers by 4.0% during the second quarter. Inspire Investing LLC now owns 4,864 shares of the asset manager’s stock worth $353,000 after purchasing an additional 185 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Cohen & Steers by 115.1% in the 2nd 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 period. Finally, Arizona State Retirement System grew its position in shares of Cohen & Steers by 2.7% during the 2nd quarter. Arizona State Retirement System now owns 7,625 shares of the asset manager’s stock valued at $553,000 after buying an additional 198 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group raised shares of Cohen & Steers from a “sell” rating to a “neutral” rating and raised their target price for the stock from $63.00 to $102.00 in a report on Thursday, October 17th. Evercore ISI boosted their price objective on Cohen & Steers from $92.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, October 4th.

Cohen & Steers Stock Down 0.7 %

Cohen & Steers stock opened at $98.04 on Monday. Cohen & Steers, Inc. has a 52-week low of $51.61 and a 52-week high of $110.67. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 36.58 and a beta of 1.53. The firm has a 50-day moving average price of $94.53 and a two-hundred day moving average price of $81.87.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data 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 34.43% and a net margin of 27.23%. The business had revenue of $133.20 million during the quarter, compared to analyst estimates of $124.18 million. During the same period in the prior year, the company posted $0.70 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year.

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.