Cohen & Steers, Inc. (NYSE:CNS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in Cohen & Steers, Inc. (NYSE:CNS) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,609,306 shares of the asset manager’s stock after selling 115,821 shares during the period. Victory Capital Management Inc. owned approximately 3.18% of Cohen & Steers worth $154,413,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Cohen & Steers by 115.1% during 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. Ashton Thomas Securities LLC acquired a new position in Cohen & Steers during the 3rd quarter valued at about $31,000. Signaturefd LLC increased its stake in 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 buying an additional 107 shares during the period. Farther Finance Advisors LLC increased its stake in Cohen & Steers by 16.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock valued at $79,000 after buying an additional 119 shares during the period. Finally, nVerses Capital LLC acquired a new position in Cohen & Steers during the 3rd quarter valued at about $125,000. Institutional investors and hedge funds own 51.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of 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 shares of Cohen & Steers from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $63.00 to $102.00 in a research note on Thursday, October 17th.

Cohen & Steers Price Performance

Shares of CNS opened at $102.19 on Wednesday. The firm’s 50 day moving average is $96.52 and its 200-day moving average is $83.55. The stock has a market capitalization of $5.17 billion, a P/E ratio of 38.13 and a beta of 1.53. Cohen & Steers, Inc. has a 12-month low of $51.79 and a 12-month high of $110.67.

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

Cohen & Steers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Monday, November 18th. Cohen & Steers’s payout ratio is 88.06%.

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.