Cohen & Steers, Inc. (NYSE:CNS) Shares Acquired by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC boosted its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 4.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,478 shares of the asset manager’s stock after buying an additional 172 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Cohen & Steers were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CNS. Silvercrest Asset Management Group LLC bought a new position in shares of Cohen & Steers during the 1st quarter valued at about $5,193,000. Harbor Capital Advisors Inc. boosted its holdings in Cohen & Steers by 292.6% during the second quarter. Harbor Capital Advisors Inc. now owns 12,236 shares of the asset manager’s stock worth $888,000 after buying an additional 9,119 shares in the last quarter. Creative Planning grew its position in Cohen & Steers by 9.5% in the second quarter. Creative Planning now owns 11,940 shares of the asset manager’s stock worth $866,000 after buying an additional 1,034 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Cohen & Steers by 101.6% in the second quarter. Rhumbline Advisers now owns 77,146 shares of the asset manager’s stock valued at $5,598,000 after buying an additional 38,887 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Cohen & Steers during the 3rd quarter worth $5,025,000. 51.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CNS. UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $63.00 to $102.00 in a research report on Thursday, October 17th. Evercore ISI boosted their price objective on Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th.

Cohen & Steers Stock Performance

NYSE CNS opened at $105.52 on Tuesday. The firm’s 50 day moving average price is $98.70 and its two-hundred day moving average price is $85.48. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 39.37 and a beta of 1.53. Cohen & Steers, Inc. has a twelve month low of $56.23 and a twelve month high of $110.67.

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

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. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Monday, November 18th. Cohen & Steers’s dividend payout ratio (DPR) is 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.