Cohen & Steers, Inc. (NYSE:CNS) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 23.2% in the third quarter, Holdings Channel.com reports. The fund owned 87,438 shares of the asset manager’s stock after selling 26,437 shares during the quarter. JPMorgan Chase & Co.’s holdings in Cohen & Steers were worth $8,390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Cohen & Steers in the third quarter valued at $31,000. Westside Investment Management Inc. acquired a new position in shares of Cohen & Steers during the 3rd quarter worth $32,000. GAMMA Investing LLC raised its stake in shares of Cohen & Steers by 64.9% during the 3rd quarter. GAMMA Investing LLC now owns 610 shares of the asset manager’s stock worth $59,000 after buying an additional 240 shares during the last quarter. Signaturefd LLC raised its stake in shares of 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 last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of 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 buying an additional 119 shares during the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Analysts Set New Price Targets

CNS has been the subject of several research reports. Evercore ISI lifted their price target on Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $63.00 to $102.00 in a research note on Thursday, October 17th.

Cohen & Steers Trading Down 1.2 %

Cohen & Steers stock opened at $84.73 on Tuesday. The stock has a market cap of $4.28 billion, a PE ratio of 31.62 and a beta of 1.55. The stock has a 50-day moving average price of $97.74 and a 200 day moving average price of $91.64. Cohen & Steers, Inc. has a 52 week low of $64.13 and a 52 week high of $110.67.

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

Cohen & Steers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, November 18th. Cohen & Steers’s dividend payout ratio is presently 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.