Cohen & Steers (CNS) : Winslow Asset Management Inc reduced its stake in Cohen & Steers by 3.82% during the most recent quarter end. The investment management company now holds a total of 268,436 shares of Cohen & Steers which is valued at $11,440,742 after selling 10,676 shares in Cohen & Steers , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Cohen & Steers makes up approximately 2.43% of Winslow Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in CNS in the latest quarter, The investment management firm added 131,703 additional shares and now holds a total of 446,497 shares of Cohen & Steers which is valued at $19,029,702. Cohen & Steers makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio. First Trust Advisors Lp added CNS to its portfolio by purchasing 8,614 company shares during the most recent quarter which is valued at $371,005. Sg Americas Securities added CNS to its portfolio by purchasing 3,078 company shares during the most recent quarter which is valued at $129,768.Msi Financial Services Inc reduced its stake in CNS by selling 345 shares or 80.42% in the most recent quarter. The Hedge Fund company now holds 84 shares of CNS which is valued at $3,633.Old Mutual Global Investors (uk) Ltd. boosted its stake in CNS in the latest quarter, The investment management firm added 22,652 additional shares and now holds a total of 23,989 shares of Cohen & Steers which is valued at $1,044,721. Cohen & Steers makes up approx 0.02% of Old Mutual Global Investors (uk) Ltd.’s portfolio.
Cohen & Steers opened for trading at $41.94 and hit $42.78 on the upside on Wednesday, eventually ending the session at $42.14, with a gain of 0.48% or 0.2 points. The heightened volatility saw the trading volume jump to 66,463 shares. Company has a market cap of $1,933 M.
On the company’s financial health, Cohen & Steers reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus of $0.49. The company had revenue of $86.40 million for the quarter, compared to analysts expectations of $86.76 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Investors should note that on Aug 4, 2016, Cohen & Steers announced a cash dividend of $0.2600. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 22, 2016.
Many Wall Street Analysts have commented on Cohen & Steers. Cohen & Steers was Initiated by Credit Suisse to “Neutral” on Jul 15, 2016.
Cohen & Steers Inc. (CNS) is an investment manager with a focus on real assets including real estate infrastructure and commodities along with preferred securities and other income solutions. The Company serves institutional and individual investors around the world. The Company manages three types of accounts: institutional accounts open-end mutual funds and closed-end funds. The Company’s Institutional accounts for which CNS is the investment adviser represents portfolios of securities it manages for institutional clients. The open-end mutual funds for which the Company is the investment adviser offer and issue new shares continuously as assets are invested and redeem shares when assets are withdrawn. The closed-end funds for which the Company is the investment adviser are registered investment companies that have issued a fixed number of shares through public offerings.