Cohen & Steers, Inc. (NYSE:CNS) Stock Holdings Increased by Edgestream Partners L.P.

Edgestream Partners L.P. raised its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 5.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,490 shares of the asset manager’s stock after buying an additional 2,545 shares during the period. Edgestream Partners L.P. owned about 0.10% of Cohen & Steers worth $3,728,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Principal Securities Inc. acquired a new position in shares of Cohen & Steers in the 4th quarter valued at $28,000. SRS Capital Advisors Inc. grew its position in Cohen & Steers by 294.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 548 shares of the asset manager’s stock worth $41,000 after purchasing an additional 409 shares in the last quarter. Garner Asset Management Corp acquired a new stake in Cohen & Steers during the 4th quarter valued at $84,000. SG Americas Securities LLC purchased a new stake in shares of Cohen & Steers in the fourth quarter valued at $142,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of Cohen & Steers in the fourth quarter worth $209,000. Institutional investors and hedge funds own 51.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group decreased their price objective on Cohen & Steers from $65.00 to $63.00 and set a “sell” rating for the company in a research report on Wednesday, July 10th.

Insider Buying and Selling

In other Cohen & Steers news, EVP Jon Cheigh sold 7,159 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $72.57, for a total transaction of $519,528.63. Following the transaction, the executive vice president now directly owns 167,018 shares in the company, valued at $12,120,496.26. The transaction was disclosed in a filing with the SEC, which is available through this link. 47.60% of the stock is currently owned by corporate insiders.

Cohen & Steers Stock Down 0.6 %

Shares of Cohen & Steers stock traded down $0.47 on Monday, hitting $81.38. 213,668 shares of the company traded hands, compared to its average volume of 237,552. Cohen & Steers, Inc. has a 12-month low of $50.05 and a 12-month high of $85.95. The company has a market cap of $4.11 billion, a PE ratio of 31.84 and a beta of 1.53. The company has a 50-day moving average price of $72.34 and a 200 day moving average price of $71.65.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, July 17th. The asset manager reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The company had revenue of $121.70 million for the quarter, compared to analyst estimates of $121.48 million. Cohen & Steers had a return on equity of 36.67% and a net margin of 26.27%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 EPS.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Friday, May 10th. Cohen & Steers’s payout ratio is presently 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.