Congress Asset Management Co. Raises Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Congress Asset Management Co. lifted its holdings in Cohen & Steers, Inc. (NYSE:CNS) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 432,897 shares of the asset manager’s stock after purchasing an additional 14,370 shares during the quarter. Congress Asset Management Co. owned 0.86% of Cohen & Steers worth $41,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Cohen & Steers by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,666,537 shares of the asset manager’s stock valued at $201,937,000 after acquiring an additional 31,525 shares during the period. Norden Group LLC purchased a new stake in Cohen & Steers in the first quarter worth approximately $336,000. Principal Financial Group Inc. boosted its holdings in Cohen & Steers by 17.0% in the first quarter. Principal Financial Group Inc. now owns 3,498 shares of the asset manager’s stock worth $269,000 after purchasing an additional 509 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Cohen & Steers by 35.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,382 shares of the asset manager’s stock worth $1,644,000 after purchasing an additional 5,628 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Cohen & Steers by 14.1% during the 1st quarter. BNP Paribas Financial Markets now owns 23,639 shares of the asset manager’s stock valued at $1,818,000 after buying an additional 2,923 shares during the last quarter. 51.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group upgraded 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 note on Thursday, October 17th. Evercore ISI raised their target price on Cohen & Steers from $92.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th.

Cohen & Steers Stock Down 0.4 %

CNS traded down $0.44 during trading on Thursday, hitting $100.52. The company’s stock had a trading volume of 7,796 shares, compared to its average volume of 225,246. The business’s 50 day simple moving average is $94.07 and its 200-day simple moving average is $81.44. The firm has a market cap of $5.08 billion, a PE ratio of 39.26 and a beta of 1.54. Cohen & Steers, Inc. has a one year low of $51.61 and a one year high of $110.67.

Cohen & Steers (NYSE:CNS) last announced its earnings results on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. Cohen & Steers had a return on equity of 34.08% and a net margin of 26.21%. The company had revenue of $133.20 million for the quarter, compared to analysts’ expectations of $124.18 million. During the same period last year, the firm earned $0.70 EPS. Cohen & Steers’s revenue for the quarter was up 7.7% compared to the same quarter last year.

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.