Keybank National Association OH Has $440,000 Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Posted by Defense World Staff on Aug 23rd, 2023

Keybank National Association OH lessened its stake in shares of Cohen & Steers, Inc. (NYSE:CNS – Free Report) by 6.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,884 shares of the asset manager’s stock after selling 502 shares during the period. Keybank National Association OH’s holdings in Cohen & Steers were worth $440,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CNS. Dupont Capital Management Corp purchased a new position in Cohen & Steers during the 1st quarter valued at about $46,000. Assetmark Inc. grew its stake in shares of Cohen & Steers by 25.1% in the 4th quarter. Assetmark Inc. now owns 747 shares of the asset manager’s stock valued at $48,000 after buying an additional 150 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Cohen & Steers in the 4th quarter valued at approximately $58,000. CWM LLC bought a new stake in shares of Cohen & Steers in the 4th quarter valued at approximately $63,000. Finally, Global Retirement Partners LLC grew its stake in shares of Cohen & Steers by 31.1% in the 1st quarter. Global Retirement Partners LLC now owns 1,180 shares of the asset manager’s stock valued at $67,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 50.01% of the company’s stock.

Cohen & Steers Stock Down 1.0 %

Shares of Cohen & Steers stock opened at $61.59 on Wednesday. Cohen & Steers, Inc. has a 12-month low of $52.34 and a 12-month high of $78.87. The stock has a market capitalization of $3.03 billion, a P/E ratio of 21.17 and a beta of 1.36. The stock has a 50 day moving average price of $62.10 and a two-hundred day moving average price of $62.62.

Cohen & Steers (NYSE:CNS – Get Free Report) last issued its quarterly earnings results on Thursday, July 20th. The asset manager reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). Cohen & Steers had a return on equity of 46.02% and a net margin of 28.16%. The business had revenue of $120.60 million for the quarter. During the same period in the previous year, the business posted $0.96 EPS. The firm’s revenue was down 18.2% on a year-over-year basis.

Cohen & Steers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Monday, August 14th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.70%. Cohen & Steers’s payout ratio is 78.35%.

Insider Activity at Cohen & Steers

In related news, CAO Elena Dulik sold 1,950 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $66.12, for a total value of $128,934.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,427 shares in the company, valued at $1,350,633.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 48.24% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on CNS. TheStreet cut Cohen & Steers from a “b-” rating to a “c+” rating in a research note on Tuesday, May 16th. StockNews.com assumed coverage on Cohen & Steers in a research report on Thursday, August 17th. They set a “hold” rating for the company.

View Our Latest Analysis on Cohen & Steers

Cohen & Steers Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cohen & Steers (NYSE:CNS)

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