First Trust Advisors LP increased its position in shares of Cohen & Steers, Inc. (NYSE:CNS) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,705 shares of the asset manager’s stock after acquiring an additional 1,169 shares during the quarter. First Trust Advisors LP’s holdings in Cohen & Steers were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in CNS. Oppenheimer Asset Management Inc. purchased a new stake in shares of Cohen & Steers during the fourth quarter worth approximately $37,000. We Are One Seven LLC purchased a new position in Cohen & Steers in the fourth quarter valued at approximately $128,000. MML Investors Services LLC purchased a new position in Cohen & Steers in the third quarter valued at approximately $216,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Cohen & Steers in the fourth quarter valued at approximately $343,000. Finally, Dupont Capital Management Corp increased its stake in Cohen & Steers by 11.3% in the fourth quarter. Dupont Capital Management Corp now owns 10,167 shares of the asset manager’s stock valued at $349,000 after purchasing an additional 1,034 shares during the last quarter. 46.94% of the stock is currently owned by hedge funds and other institutional investors.
Cohen & Steers stock opened at $48.98 on Friday. The stock has a market cap of $2.28 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.90 and a beta of 1.05. Cohen & Steers, Inc. has a 52 week low of $32.95 and a 52 week high of $49.10.
In other Cohen & Steers news, Director Edmond D. Villani sold 4,000 shares of Cohen & Steers stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.31, for a total transaction of $193,240.00. Following the sale, the director now directly owns 34,234 shares in the company, valued at approximately $1,653,844.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Francis C. Poli sold 14,808 shares of Cohen & Steers stock in a transaction that occurred 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 sale, the insider now owns 65,111 shares in the company, valued at $3,116,212.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,028 shares of company stock worth $1,107,085. 50.63% of the stock is owned by corporate insiders.
Several research firms have recently weighed in on CNS. Gabelli downgraded Cohen & Steers from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. ValuEngine raised Cohen & Steers from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Bank of America set a $37.00 target price on Cohen & Steers and gave the company a “sell” rating in a report on Tuesday, April 9th. Zacks Investment Research raised Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $41.00 price target on shares of Cohen & Steers in a research report on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $41.50.
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Cohen & Steers 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.
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