Inspire Advisors LLC Trims Stake in Cohen & Steers, Inc. (NYSE:CNS)

Inspire Advisors LLC lessened its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,850 shares of the asset manager’s stock after selling 487 shares during the period. Inspire Advisors LLC’s holdings in Cohen & Steers were worth $1,041,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Wasatch Advisors LP boosted its holdings in Cohen & Steers by 29.1% during the 1st quarter. Wasatch Advisors LP now owns 3,124,662 shares of the asset manager’s stock valued at $240,255,000 after acquiring an additional 703,999 shares during the period. Vanguard Group Inc. lifted its holdings in Cohen & Steers by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,666,537 shares of the asset manager’s stock valued at $201,937,000 after buying an additional 31,525 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Cohen & Steers by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,176,861 shares of the asset manager’s stock valued at $85,390,000 after buying an additional 35,905 shares in the last quarter. Boston Trust Walden Corp boosted its position in Cohen & Steers by 1.1% in the 2nd quarter. Boston Trust Walden Corp now owns 937,797 shares of the asset manager’s stock valued at $68,047,000 after buying an additional 9,960 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Cohen & Steers by 20.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 646,835 shares of the asset manager’s stock worth $46,934,000 after acquiring an additional 111,649 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In related 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 owns 15,660 shares in the company, valued at $1,262,352.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Cohen & Steers news, EVP Jon Cheigh sold 12,500 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was 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 owns 155,311 shares of the company’s stock, valued at approximately $13,058,548.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the director now owns 15,660 shares in the company, valued at approximately $1,262,352.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,600 shares of company stock worth $1,710,365. Corporate insiders own 47.60% of the company’s stock.

Cohen & Steers Stock Performance

Cohen & Steers stock traded up $0.66 during mid-day trading on Friday, reaching $106.01. 148,597 shares of the company were exchanged, compared to its average volume of 223,731. The firm has a market cap of $5.36 billion, a P/E ratio of 40.99 and a beta of 1.54. The business has a fifty day moving average of $90.81 and a 200 day moving average of $79.59. Cohen & Steers, Inc. has a 12-month low of $50.05 and a 12-month high of $110.67.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Cohen & Steers had a return on equity of 34.08% and a net margin of 26.21%. The firm had revenue of $133.20 million during the quarter, compared to analysts’ expectations of $124.18 million. During the same period in the prior year, the business posted $0.70 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis.

Cohen & Steers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Monday, August 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Monday, August 12th. Cohen & Steers’s payout ratio is 91.83%.

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.