BAMCO, Inc. recently announced the acquisition of new stake in Cohen & Steers Inc. (NYSE:CNS). The institutional investor has increased its shareholding in the Financial company by 0.00% to 3.12 million shares with purchase of 58.0 shares. This fresh investment now brings its stake to 6.41% valued currently at $201.47 million. In addition, BlackRock Fund Advisors raised its holdings by 78.0 to 1.63 million shares. And Victory Capital Management, Inc. has lifted its position by 7.46% or 78809.0 shares – to 1.13 million shares.
With over 0.11 million Cohen & Steers Inc. (CNS) shares trading Monday and a closing price of $73.41 on the day, the dollar volume was approximately $7.95 million. The shares have shown a positive half year performance of 5.67% and its price on 01/23/23 gained nearly 0.45%. Currently, there are 48.81M common shares owned by the public and among those 24.87M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for CNS have a consensus price objective of $71.00. The analysts have set the share’s price value over the next 12 months at a high of $71.00 and a low of $71.00. The average price target is -3.39% below its recent price level and a downside to the estimated low will see the stock lose -3.39% over that period. But a downside of -3.39% will see the stock hit the forecast high price target while median target price for the stock is $71.00.
Insiders at the company have transacted a total of 91 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 72 of these insider trades were purchases, accounting for 226,500 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 459,712 shares.
The top 3 mutual fund holders in Cohen & Steers Inc. are Baron Growth Fund, ClearBridge Aggressive Growth Fun, and Wasatch Core Growth Fund. Baron Growth Fund owns 1.86 million shares of the company’s stock, all valued at over $120.08 million. The company sold 40000.0 shares recently to bring their total holdings to about 3.82% of the shares outstanding. Wasatch Core Growth Fund now owns shares totaling to 1.82% of the shares outstanding.
Shares of Cohen & Steers Inc. (NYSE: CNS) opened at $72.85, down -$0.23 from a prior closing price of $73.08. However, the script later moved the day high at 73.61, up 0.45%. The company’s stock has a 5-day price change of -0.70% and 29.13% over the past three months. CNS shares are trading 13.71% year to date (YTD), with the 12-month market performance down to -13.80% lower. It has a 12-month low price of $52.34 and touched a high of $88.21 over the same period. CNS has an average intraday trading volume of 122.01K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.81%, 10.51%, and 5.19% respectively.
Institutional ownership of Cohen & Steers Inc. (NYSE: CNS) shares accounts for 48.90% of the company’s 48.81M shares outstanding. Mutual fund holders own 32.83%, while other institutional holders and individual stakeholders account for 51.58% and 16.25% respectively.
It has a market capitalization of $3.50B and a beta (3y monthly) value of 1.34. The stock’s trailing 12-month PE ratio is 17.84, while the earnings-per-share (ttm) stands at $4.12. The company has a PEG of 9.39 and the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.26% over the week and 2.22% over the month.
Analysts forecast that Cohen & Steers Inc. (CNS) will achieve an EPS of $0.77 for the current quarter, $0.77 for the next quarter and $3.34 for 2023. The lowest estimate earnings-per-share for the quarter is $0.77 while analysts give the company a high EPS estimate of $0.77. Comparatively, EPS for the current quarter was $1.24 a year ago. Earnings per share for the fiscal year are expected to increase by 173.70%, and -10.63% over the next financial year. EPS should shrink at an annualized rate of 1.90% over the next five years, compared to 16.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Cohen & Steers Inc. (CNS) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CNS, a number of firms have released research notes about the stock. Sidoti stated their Buy rating for the stock in a research note on February 18, 2021, with the firm’s price target at $83. Sidoti coverage for the Cohen & Steers Inc. (CNS) stock in a research note released on January 21, 2021 offered a Neutral rating with a price target of $83. BofA Securities was of a view on November 19, 2020 that the stock is Buy, while BofA/Merrill gave the stock Neutral rating on April 24, 2020, issuing a price target of $54. Gabelli & Co on their part issued Hold rating on April 22, 2019.
