Cohen & Steers (CNS) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
Cohen & Steers (NYSE:CNS)‘s stock had its “hold” rating reissued by equities researchers at Keefe, Bruyette & Woods in a research note issued to investors on Friday. They currently have a $49.00 price objective on the asset manager’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 3.86% from the stock’s current price.
Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Bank of America lifted their target price on shares of Cohen & Steers from $35.00 to $38.00 and gave the company an “underperform” rating in a report on Friday, October 20th. Finally, Credit Suisse Group lifted their target price on shares of Cohen & Steers from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Cohen & Steers currently has an average rating of “Hold” and a consensus price target of $44.40.
Shares of Cohen & Steers (CNS) opened at $47.18 on Friday. Cohen & Steers has a 12 month low of $33.19 and a 12 month high of $47.82. The company has a market cap of $2,190.00, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 2.72 and a beta of 1.64.
Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, October 18th. The asset manager reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. Cohen & Steers had a net margin of 26.53% and a return on equity of 32.82%. The business had revenue of $96.40 million during the quarter, compared to analysts’ expectations of $95.76 million. During the same period in the previous year, the business posted $0.51 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. research analysts forecast that Cohen & Steers will post 2.06 EPS for the current year.
In other news, Director Peter L. Rhein sold 4,729 shares of Cohen & Steers stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $44.60, for a total transaction of $210,913.40. Following the completion of the transaction, the director now directly owns 26,271 shares of the company’s stock, valued at approximately $1,171,686.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 52.90% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System increased its holdings in Cohen & Steers by 11.9% in the 3rd quarter. California Public Employees Retirement System now owns 44,432 shares of the asset manager’s stock worth $1,755,000 after acquiring an additional 4,732 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Cohen & Steers by 22.1% during the 3rd quarter. Janus Henderson Group PLC now owns 1,443,075 shares of the asset manager’s stock worth $56,987,000 after purchasing an additional 260,721 shares during the last quarter. PEAK6 Investments L.P. acquired a new stake in Cohen & Steers during the 3rd quarter worth $262,000. Synovus Financial Corp boosted its stake in Cohen & Steers by 6.2% during the 3rd quarter. Synovus Financial Corp now owns 26,563 shares of the asset manager’s stock worth $1,047,000 after purchasing an additional 1,539 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in Cohen & Steers during the 3rd quarter worth $399,000. 44.47% of the stock is owned by institutional investors.
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Cohen & Steers Company Profile
Cohen & Steers, Inc (CNS) 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.
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