Cohen & Steers (NYSE:CNS) Reaches New 52-Week High at $63.36

Shares of Cohen & Steers, Inc. (NYSE:CNS) reached a new 52-week high during trading on Monday . The company traded as high as $63.36 and last traded at $63.12, with a volume of 28054 shares trading hands. The stock had previously closed at $62.21.

A number of research firms have commented on CNS. ValuEngine downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded shares of Cohen & Steers from a “sell” rating to a “hold” rating and set a $57.00 price objective for the company in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Cohen & Steers presently has an average rating of “Hold” and an average target price of $45.00.

The company has a market cap of $2.94 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 2.98 and a beta of 0.89. The stock’s fifty day simple moving average is $55.39 and its 200 day simple moving average is $51.89.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. The company had revenue of $104.97 million during the quarter, compared to the consensus estimate of $102.42 million. Cohen & Steers had a net margin of 31.26% and a return on equity of 48.33%. Cohen & Steers’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. As a group, equities research analysts expect that Cohen & Steers, Inc. will post 2.51 EPS for the current fiscal year.

In other Cohen & Steers news, CAO Elena Dulik sold 1,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $54.54, for a total value of $54,540.00. Following the completion of the sale, the chief accounting officer now owns 18,478 shares in the company, valued at approximately $1,007,790.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 50.63% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in CNS. Wasatch Advisors Inc. acquired a new stake in Cohen & Steers in the 2nd quarter valued at about $62,501,000. APG Asset Management N.V. increased its holdings in shares of Cohen & Steers by 420.1% during the 2nd quarter. APG Asset Management N.V. now owns 388,000 shares of the asset manager’s stock worth $17,526,000 after buying an additional 313,400 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Cohen & Steers by 6.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,175,795 shares of the asset manager’s stock worth $111,923,000 after buying an additional 136,845 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Cohen & Steers by 8.3% during the 2nd quarter. BlackRock Inc. now owns 1,719,402 shares of the asset manager’s stock worth $88,443,000 after buying an additional 132,456 shares during the last quarter. Finally, Copeland Capital Management LLC increased its holdings in shares of Cohen & Steers by 20.7% during the 2nd quarter. Copeland Capital Management LLC now owns 695,634 shares of the asset manager’s stock worth $35,784,000 after buying an additional 119,392 shares during the last quarter. Institutional investors own 47.12% of the company’s stock.

Cohen & Steers Company Profile (NYSE:CNS)

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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