cohen and steers sees increased institutional investment and upgraded stock ratings

Cohen & Steers, a publicly traded asset management holding company, has recently gained attention from institutional investors.

Recent Stake Acquisitions

Meeder Asset Management Inc. acquired a new stake valued at $161,000 in the second quarter, while Central Pacific Bank Trust Division entered the market with a stake worth approximately $224,000 in the first quarter.

Institutional Investors' Interest

AQR Capital Management LLC increased its stake by 5.5% during the second quarter, bringing its total ownership to 3,274 shares valued at $238,000 after purchasing an additional 172 shares. Currently, institutional investors hold 51.47% of the company's stock, indicating strong interest in the asset manager's performance and potential.

Specialization in Managing Portfolios

Cohen & Steers specializes in managing various portfolios for institutional clients such as pension funds, endowments, and foundations. The company's client-centric services have positioned it as a key player in the asset management sector, appealing to institutional investors seeking reliable management of their assets.

Stock Fluctuations and Analyst Ratings

The stock of Cohen & Steers (NYSE:CNS) has experienced notable fluctuations. UBS Group upgraded its rating from "sell" to "neutral" and set a price objective of $102.00, reflecting a significant increase from the previous target of $63.00. Evercore ISI also revised its price target for Cohen & Steers, increasing it from $92.00 to $96.00 while maintaining an "outperform" rating. These adjustments in analyst ratings come after positive earnings reports, with the company surpassing analysts' expectations for quarterly earnings per share (EPS) and revenue.

Insider Trading Activity

Insider trading activity at Cohen & Steers has been noteworthy, with key executives making significant stock transactions. Chief Accounting Officer Elena Dulik sold 1,100 shares, while Executive Vice President Jon Cheigh sold 12,500 shares. Despite these sales, both executives still hold substantial ownership stakes in the company.

Financial Health and Market Performance

Cohen & Steers currently has a market capitalization of $5.12 billion and a price-to-earnings (P/E) ratio of 39.39. The stock has experienced a one-year low of $50.05 and a high of $102.19. The company's financial health is highlighted by its net margin of 26.21% and a return on equity of 34.08%.

Recent Institutional Trading Trends

Recent trends in institutional trading show a dynamic landscape for Cohen & Steers. GAMMA Investing LLC significantly increased its position during the second quarter, while nVerses Capital LLC entered the market with a new stake in the third quarter.

Conclusion

Overall, Cohen & Steers' substantial ownership by institutional investors, combined with positive analyst ratings and earnings reports, positions the company as a noteworthy player in the asset management industry.

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