Ontario Teachers Pension Plan Board Purchases New Stake in Cohen & Steers, Inc. (NYSE:CNS)

Ontario Teachers Pension Plan Board purchased a new position in Cohen & Steers, Inc. (NYSE:CNS) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 30,310 shares of the asset manager’s stock, valued at approximately $1,281,000. Ontario Teachers Pension Plan Board owned 0.06% of Cohen & Steers as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its stake in Cohen & Steers by 1.4% in the fourth quarter. BlackRock Inc. now owns 1,635,511 shares of the asset manager’s stock valued at $56,130,000 after purchasing an additional 22,325 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Cohen & Steers by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,070,418 shares of the asset manager’s stock worth $36,737,000 after acquiring an additional 37,604 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Cohen & Steers by 1.4% in the 4th quarter. Bank of New York Mellon Corp now owns 850,673 shares of the asset manager’s stock worth $29,196,000 after acquiring an additional 11,842 shares during the last quarter. Copeland Capital Management LLC increased its stake in Cohen & Steers by 13.5% in the 1st quarter. Copeland Capital Management LLC now owns 576,242 shares of the asset manager’s stock worth $24,357,000 after acquiring an additional 68,483 shares during the last quarter. Finally, Eaton Vance Management increased its stake in Cohen & Steers by 2.3% in the 4th quarter. Eaton Vance Management now owns 491,752 shares of the asset manager’s stock worth $16,877,000 after acquiring an additional 10,838 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on CNS shares. Bank of America set a $37.00 target price on Cohen & Steers and gave the stock a “sell” rating in a report on Tuesday, April 9th. Zacks Investment Research upgraded Cohen & Steers from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. ValuEngine upgraded Cohen & Steers from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Finally, Gabelli downgraded Cohen & Steers from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.50.

NYSE:CNS traded up $0.41 on Monday, reaching $51.85. The stock had a trading volume of 116,200 shares, compared to its average volume of 162,859. The company has a current ratio of 6.62, a quick ratio of 6.62 and a debt-to-equity ratio of 0.22. The stock’s 50-day moving average price is $50.70. The company has a market cap of $2.43 billion, a PE ratio of 21.60, a P/E/G ratio of 3.03 and a beta of 0.96. Cohen & Steers, Inc. has a 12-month low of $32.95 and a 12-month high of $52.45.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, April 17th. The asset manager reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Cohen & Steers had a return on equity of 41.39% and a net margin of 31.20%. The firm had revenue of $94.20 million during the quarter, compared to analyst estimates of $92.99 million. During the same period in the previous year, the company posted $0.62 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities analysts predict that Cohen & Steers, Inc. will post 2.49 EPS for the current fiscal year.

In other news, insider Francis C. Poli sold 14,808 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $47.86, for a total value of $708,710.88. Following the sale, the insider now owns 65,111 shares in the company, valued at $3,116,212.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew S. Stadler sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $51.29, for a total value of $2,564,500.00. Following the completion of the sale, the chief financial officer now owns 168,227 shares in the company, valued at approximately $8,628,362.83. The disclosure for this sale can be found here. Insiders sold 73,028 shares of company stock worth $3,671,585 in the last 90 days. Company insiders own 50.63% of the company’s stock.

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.

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Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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