Bamco Inc. NY Has $192.81 Million Stock Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Bamco Inc. NY reduced its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 1.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,009,504 shares of the asset manager’s stock after selling 33,531 shares during the period. Bamco Inc. NY’s holdings in Cohen & Steers were worth $192,812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Cohen & Steers by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,176,861 shares of the asset manager’s stock worth $85,390,000 after acquiring an additional 35,905 shares in the last quarter. Copeland Capital Management LLC grew its holdings in shares of Cohen & Steers by 1.0% during the third quarter. Copeland Capital Management LLC now owns 1,091,097 shares of the asset manager’s stock worth $104,691,000 after purchasing an additional 10,420 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Cohen & Steers by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager’s stock valued at $91,305,000 after buying an additional 52,103 shares in the last quarter. Boston Trust Walden Corp raised its holdings in shares of Cohen & Steers by 1.1% in the second 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 last quarter. Finally, Bank of New York Mellon Corp lifted its position in Cohen & Steers by 20.9% during 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 buying an additional 111,649 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Cohen & Steers Trading Up 0.0 %

Shares of NYSE:CNS opened at $104.66 on Monday. Cohen & Steers, Inc. has a 1-year low of $58.18 and a 1-year high of $110.67. The stock has a market capitalization of $5.29 billion, a P/E ratio of 39.05 and a beta of 1.53. The business has a 50-day moving average price of $99.46 and a two-hundred day moving average price of $86.34.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results 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 net margin of 27.23% and a return on equity of 32.75%. The business had revenue of $133.20 million during the quarter, compared to the consensus estimate of $124.18 million. During the same period in the previous year, the firm posted $0.70 earnings per share. Cohen & Steers’s revenue for the quarter was up 7.7% compared to the same quarter last year.

Cohen & Steers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a $0.59 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.36 annualized dividend and a dividend yield of 2.25%. Cohen & Steers’s dividend payout ratio is currently 88.06%.

Cohen & Steers Company 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.