Cornercap Investment Counsel Inc. acquired a new stake in shares of Cohen & Steers Inc (NYSE:CNS) during the fourth quarter, Holdings Channel reports. The fund acquired 18,050 shares of the company’s stock, valued at approximately $606,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Credit Suisse AG boosted its position in shares of Cohen & Steers by 37.5% in the third quarter. Credit Suisse AG now owns 23,134 shares of the company’s stock valued at $988,000 after buying an additional 6,306 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Cohen & Steers during the third quarter valued at about $639,000. Analytic Investors LLC purchased a new position in shares of Cohen & Steers during the third quarter valued at about $596,000. Principal Financial Group Inc. purchased a new position in shares of Cohen & Steers during the third quarter valued at about $221,000. Finally, Spark Investment Management LLC purchased a new position in shares of Cohen & Steers during the third quarter valued at about $1,710,000. 44.30% of the stock is currently owned by institutional investors.
Shares of Cohen & Steers Inc (NYSE:CNS) traded down 1.07% during midday trading on Wednesday, hitting $36.16. 19,872 shares of the company’s stock traded hands. Cohen & Steers Inc has a 52 week low of $27.16 and a 52 week high of $43.83. The stock has a market cap of $1.66 billion, a P/E ratio of 18.08 and a beta of 1.47. The company has a 50 day moving average of $34.90 and a 200 day moving average of $38.93.
Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, January 18th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Cohen & Steers had a return on equity of 34.02% and a net margin of 26.56%. The firm had revenue of $89.40 million for the quarter, compared to analysts’ expectations of $92.41 million. During the same period last year, the business posted $0.13 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Cohen & Steers Inc will post $1.93 EPS for the current fiscal year.
Several brokerages have issued reports on CNS. Bank of America Corporation cut shares of Cohen & Steers from a “buy” rating to an “underperform” rating in a research note on Friday, December 16th. Zacks Investment Research lowered shares of Cohen & Steers from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 25th. Finally, Keefe, Bruyette & Woods set a $45.00 target price on shares of Cohen & Steers and gave the stock a “hold” rating in a research report on Friday, October 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $44.40.
Cohen & Steers Company Profile
Cohen & Steers, Inc is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors around the world.
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