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Cohen & Steers, Inc. (NYSE:CNS) reported a significant transaction by director Edmond D. Villani, who sold 4,000 shares of company stock on March 12, 2024, for a total of $291,960. The shares were sold at a weighted average price of $72.99, with individual sales prices ranging from $72.80 to $73.24.
This transaction was disclosed in a recent filing with the Securities and Exchange Commission. The form, which was filed on March 14, 2024, details the stock sale by Villani, who is also known for his role as a trustee of the Edmond Dennis Villani Revocable Trust. The trust indirectly retains ownership of the shares post-transaction.
The SEC filing also notes several transfers of Cohen & Steers common stock to the aforementioned trust, which occurred in a series of transactions throughout the previous year. These transfers were non-monetary and involved a total of 36,046 shares being moved to the trust. After the sale and the series of transfers, the trust indirectly owns 33,781 shares.
Investors and market watchers often look to insider transactions such as these for indications of executives’ perspectives on the financial health and future prospects of their companies. While the reasons behind such transactions can vary, they provide a glimpse into the actions of those with intimate knowledge of the company.
Cohen & Steers, Inc. specializes in investment advice and has its headquarters on Avenue of the Americas in New York City. As a publicly traded company, it is required to report transactions by directors and officers to the SEC, ensuring transparency for investors and the general public.
InvestingPro Insights
Amidst the backdrop of insider transactions at Cohen & Steers, Inc. (NYSE:CNS), the company’s financial health and performance metrics provide additional context for investors. According to InvestingPro data, Cohen & Steers boasts a solid market capitalization of $3.46 billion, reflecting its significant presence in the investment advisory sector.
The company’s Price to Earnings (P/E) Ratio stands at 26.58, with a slight increase to 27.62 when adjusted for the last twelve months as of Q4 2023. This suggests that investors are willing to pay a premium for earnings, possibly due to expectations of future growth or the company’s stable earnings record. Moreover, the company’s gross profit margin remains robust at 48.05%, indicating efficient cost management relative to its revenues.
InvestingPro Tips highlight that Cohen & Steers has maintained dividend payments for an impressive 21 consecutive years, which may appeal to income-focused investors. Additionally, the company’s liquid assets exceed short-term obligations, providing financial flexibility and reducing liquidity risk. These factors, combined with a strong return over the last five years, paint a picture of a company that has demonstrated consistent financial performance.
For those interested in a deeper analysis, there are additional InvestingPro Tips available for Cohen & Steers, such as the company’s trading at a high Price to Book multiple and analysts’ predictions of profitability this year. To explore these insights and more, investors can visit InvestingPro and take advantage of an extra 10% off a yearly or biyearly Pro and Pro+ subscription with the coupon code PRONEWS24.
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