California Public Employees Retirement System Has $1.10 Million Position in Cohen & Steers, Inc. (CNS)

California Public Employees Retirement System trimmed its holdings in shares of Cohen & Steers, Inc. (NYSE:CNS) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,131 shares of the asset manager’s stock after selling 2,880 shares during the quarter. California Public Employees Retirement System owned 0.07% of Cohen & Steers worth $1,103,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CNS. Oppenheimer Asset Management Inc. acquired a new stake in shares of Cohen & Steers during the 4th quarter worth about $37,000. We Are One Seven LLC acquired a new position in Cohen & Steers during the fourth quarter worth approximately $128,000. MML Investors Services LLC acquired a new position in Cohen & Steers during the third quarter worth approximately $216,000. First Trust Advisors LP increased its position in Cohen & Steers by 17.9% during the fourth quarter. First Trust Advisors LP now owns 7,705 shares of the asset manager’s stock worth $264,000 after buying an additional 1,169 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Cohen & Steers during the fourth quarter worth approximately $343,000. 46.94% of the stock is owned by hedge funds and other institutional investors.

CNS has been the topic of a number of recent research reports. Zacks Investment Research lowered Cohen & Steers from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. ValuEngine downgraded Cohen & Steers from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Keefe, Bruyette & Woods upgraded Cohen & Steers from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $31.00 to $36.00 in a research note on Thursday, January 24th. Bank of America set a $37.00 price target on Cohen & Steers and gave the company a “sell” rating in a research note on Tuesday, April 9th. Finally, Gabelli downgraded Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.50.

In related news, insider Francis C. Poli sold 14,808 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $47.86, for a total value of $708,710.88. Following the completion of the transaction, the insider now directly owns 65,111 shares in the company, valued at $3,116,212.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edmond D. Villani sold 4,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $48.31, for a total value of $193,240.00. Following the completion of the transaction, the director now owns 34,234 shares of the company’s stock, valued at $1,653,844.54. The disclosure for this sale can be found here. Insiders sold 23,028 shares of company stock worth $1,107,085 over the last 90 days. Company insiders own 50.63% of the company’s stock.

CNS traded up $0.76 during trading on Friday, reaching $48.98. 172,920 shares of the stock were exchanged, compared to its average volume of 144,986. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.90 and a beta of 1.05. Cohen & Steers, Inc. has a 1 year low of $32.95 and a 1 year high of $49.10.

Cohen & Steers (NYSE:CNS) last posted its earnings results on Wednesday, April 17th. The asset manager reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. Cohen & Steers had a return on equity of 39.63% and a net margin of 31.20%. The company had revenue of $94.20 million for the quarter, compared to the consensus estimate of $92.99 million. During the same period in the previous year, the business earned $0.62 earnings per share. Cohen & Steers’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts anticipate that Cohen & Steers, Inc. will post 2.49 EPS for the current fiscal year.

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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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