Cohen & Steers, Inc. (CNS) Shares Sold by Gamco Investors INC. ET AL

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Gamco Investors INC. ET AL reduced its stake in Cohen & Steers, Inc. (NYSE:CNS) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 894,885 shares of the asset manager’s stock after selling 15,498 shares during the period. Gamco Investors INC. ET AL owned about 1.91% of Cohen & Steers worth $36,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of CNS. Wells Fargo & Company MN increased its position in shares of Cohen & Steers by 7.8% during the third quarter. Wells Fargo & Company MN now owns 119,087 shares of the asset manager’s stock valued at $4,835,000 after buying an additional 8,573 shares during the period. Copeland Capital Management LLC increased its position in shares of Cohen & Steers by 50.1% during the third quarter. Copeland Capital Management LLC now owns 444,736 shares of the asset manager’s stock valued at $18,061,000 after buying an additional 148,510 shares during the period. Victory Capital Management Inc. increased its position in shares of Cohen & Steers by 15.4% during the third quarter. Victory Capital Management Inc. now owns 33,315 shares of the asset manager’s stock valued at $1,353,000 after buying an additional 4,455 shares during the period. Sageworth Trust Co grew its holdings in shares of Cohen & Steers by 500.0% during the third quarter. Sageworth Trust Co now owns 3,000 shares of the asset manager’s stock worth $122,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Cohen & Steers by 51.0% during the third quarter. Russell Investments Group Ltd. now owns 231,954 shares of the asset manager’s stock worth $9,421,000 after purchasing an additional 78,358 shares in the last quarter. Institutional investors own 48.84% of the company’s stock.

Shares of NYSE CNS opened at $38.39 on Wednesday. Cohen & Steers, Inc. has a 12 month low of $35.50 and a 12 month high of $47.83. The stock has a market cap of $1.78 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.68 and a beta of 1.09.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, October 17th. The asset manager reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Cohen & Steers had a return on equity of 39.38% and a net margin of 28.13%. The company had revenue of $98.30 million during the quarter, compared to analyst estimates of $99.05 million. During the same quarter in the previous year, the firm earned $0.55 earnings per share. Cohen & Steers’s revenue was up 1.5% on a year-over-year basis. As a group, research analysts forecast that Cohen & Steers, Inc. will post 2.45 EPS for the current fiscal year.

CNS has been the subject of several recent analyst reports. ValuEngine raised Cohen & Steers from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Zacks Investment Research raised Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Tuesday, September 18th. Finally, Credit Suisse Group cut their price objective on Cohen & Steers from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, July 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Cohen & Steers currently has a consensus rating of “Hold” and a consensus target price of $44.50.

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About Cohen & Steers

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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