Congress Asset Management Co. MA Has $29.49 Million Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Congress Asset Management Co. MA grew its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 389,400 shares of the asset manager’s stock after purchasing an additional 30,985 shares during the period. Congress Asset Management Co. MA’s holdings in Cohen & Steers were worth $29,489,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CNS. Moody Aldrich Partners LLC increased its stake in Cohen & Steers by 39.5% in the 4th quarter. Moody Aldrich Partners LLC now owns 135,849 shares of the asset manager’s stock valued at $10,288,000 after buying an additional 38,458 shares during the period. Norges Bank acquired a new position in shares of Cohen & Steers in the fourth quarter worth $26,957,000. Evoke Wealth LLC purchased a new stake in shares of Cohen & Steers during the fourth quarter worth $3,321,000. Quadrature Capital Ltd acquired a new stake in Cohen & Steers during the fourth quarter valued at $1,183,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Cohen & Steers by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 672,011 shares of the asset manager’s stock valued at $42,128,000 after purchasing an additional 30,924 shares in the last quarter. 51.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their price target on Cohen & Steers from $69.00 to $67.00 and set a “sell” rating for the company in a research note on Friday, April 12th.

Insider Activity at Cohen & Steers

In other Cohen & Steers news, EVP Jon Cheigh sold 7,159 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $72.57, for a total transaction of $519,528.63. Following the completion of the sale, the executive vice president now owns 167,018 shares of the company’s stock, valued at $12,120,496.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 47.60% of the stock is owned by company insiders.

Cohen & Steers Trading Down 1.2 %

NYSE CNS traded down $0.87 during trading on Friday, reaching $70.29. The company’s stock had a trading volume of 124,786 shares, compared to its average volume of 162,144. The stock has a market capitalization of $3.55 billion, a PE ratio of 27.35 and a beta of 1.49. Cohen & Steers, Inc. has a 1-year low of $50.05 and a 1-year high of $78.58. The business has a 50-day moving average price of $70.83 and a 200-day moving average price of $70.88.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Thursday, April 18th. The asset manager reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.01). The business had revenue of $122.71 million during the quarter, compared to analyst estimates of $125.01 million. Cohen & Steers had a net margin of 26.27% and a return on equity of 36.67%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 EPS.

Cohen & Steers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Friday, May 10th. Cohen & Steers’s dividend 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.