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

Horizon Kinetics Asset Management LLC lifted its stake in shares of Cohen & Steers, Inc. (NYSE:CNS) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,478 shares of the asset manager’s stock after buying an additional 172 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Cohen & Steers were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC grew its holdings in Cohen & Steers by 23.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,309 shares of the asset manager’s stock worth $408,000 after acquiring an additional 1,019 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Cohen & Steers by 10.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 9,400 shares of the asset manager’s stock worth $723,000 after purchasing an additional 883 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Cohen & Steers by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,220 shares of the asset manager’s stock valued at $1,248,000 after buying an additional 941 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in Cohen & Steers during the first quarter valued at approximately $5,193,000. Finally, GAMMA Investing LLC lifted its holdings in Cohen & Steers by 115.1% during the 2nd quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock worth $27,000 after buying an additional 198 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Trading Up 2.0 %

Shares of NYSE CNS opened at $105.52 on Tuesday. Cohen & Steers, Inc. has a 12-month low of $56.23 and a 12-month high of $110.67. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 39.37 and a beta of 1.53. The stock’s 50 day simple moving average is $98.70 and its 200 day simple moving average is $85.48.

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

Cohen & Steers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.36 annualized dividend and a dividend yield of 2.24%. Cohen & Steers’s payout ratio is currently 88.06%.

Analyst Upgrades and Downgrades

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

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.