Principal Financial Group Inc. Has $12.19 Million Stock Position in Cohen & Steers, Inc. (NYSE:CNS)

Principal Financial Group Inc. trimmed its position in Cohen & Steers, Inc. (NYSE:CNS) by 2.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 126,990 shares of the asset manager’s stock after selling 3,784 shares during the period. Principal Financial Group Inc. owned 0.25% of Cohen & Steers worth $12,185,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Cohen & Steers by 115.1% in the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 198 shares during the last quarter. Signaturefd LLC boosted its position in Cohen & Steers by 19.8% during the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager’s stock worth $62,000 after buying an additional 107 shares during the period. Farther Finance Advisors LLC grew its holdings in Cohen & Steers by 16.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock worth $79,000 after acquiring an additional 119 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Cohen & Steers during the third quarter valued at $125,000. Finally, OLD National Bancorp IN acquired a new position in shares of Cohen & Steers during the third quarter worth $206,000. Institutional investors and hedge funds own 51.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $63.00 to $102.00 in a report on Thursday, October 17th. Evercore ISI lifted their price objective on Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Cohen & Steers Stock Down 0.2 %

Shares of NYSE CNS opened at $100.47 on Friday. The company has a market capitalization of $5.08 billion, a PE ratio of 37.49 and a beta of 1.53. The firm has a fifty day simple moving average of $97.30 and a 200 day simple moving average of $84.10. Cohen & Steers, Inc. has a twelve month low of $56.04 and a twelve month high of $110.67.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The company had revenue of $133.20 million for the quarter, compared to the consensus estimate of $124.18 million. During the same period in the previous year, the business earned $0.70 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, November 18th. Cohen & Steers’s payout ratio is 88.06%.

About Cohen & Steers

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.