Boston Trust Walden Corp Has $34.93 Million Stock Holdings in Cohen & Steers Inc $CNS

by · The Markets Daily

Boston Trust Walden Corp trimmed its holdings in Cohen & Steers Inc (NYSE:CNSFree Report) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 558,433 shares of the asset manager’s stock after selling 73,670 shares during the period. Boston Trust Walden Corp’s holdings in Cohen & Steers were worth $34,930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its position in Cohen & Steers by 345.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 297 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Cohen & Steers during the fourth quarter worth $28,000. Aster Capital Management DIFC Ltd bought a new stake in Cohen & Steers during the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd raised its position in Cohen & Steers by 110.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock valued at $36,000 after buying an additional 299 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Cohen & Steers by 754.9% during the 4th quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 536 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cohen & Steers news, EVP Daniel Noonan sold 4,360 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total transaction of $337,158.80. Following the completion of the transaction, the executive vice president directly owned 28,682 shares of the company’s stock, valued at approximately $2,217,979.06. This represents a 13.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 45.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CNS. Evercore reiterated an “outperform” rating and issued a $82.00 target price on shares of Cohen & Steers in a research note on Monday, June 8th. Weiss Ratings raised shares of Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Zacks Research upgraded shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cohen & Steers presently has a consensus rating of “Hold” and an average price target of $75.00.

Check Out Our Latest Stock Report on Cohen & Steers

Cohen & Steers Stock Performance

CNS opened at $78.58 on Friday. The firm has a market cap of $4.04 billion, a P/E ratio of 25.94, a PEG ratio of 2.18 and a beta of 1.22. The firm has a 50-day moving average of $73.07 and a 200 day moving average of $67.78. Cohen & Steers Inc has a fifty-two week low of $58.39 and a fifty-two week high of $79.28.

Cohen & Steers (NYSE:CNSGet Free Report) last released its earnings results on Thursday, April 16th. The asset manager reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The company had revenue of $144.26 million during the quarter, compared to analysts’ expectations of $140.62 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts predict that Cohen & Steers Inc will post 3.47 earnings per share for the current fiscal year.

Cohen & Steers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were paid a $0.67 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.68 annualized dividend and a yield of 3.4%. Cohen & Steers’s dividend payout ratio is presently 88.45%.

Cohen & Steers Profile

(Free Report)

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).

See Also

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