Insider Buys Additional US$2.8m In Cohen & Steers Stock
Cohen & Steers, Inc. (NYSE:CNS) shareholders (or potential shareholders) will be happy to see that the Executive Chairman, Robert Steers, recently bought a whopping US$2.8m worth of stock, at a price of US$70.21. There's no denying a buy of that magnitude suggests conviction in a brighter future, although we do note that proportionally it only increased their holding by 0.3%.
The Last 12 Months Of Insider Transactions At Cohen & Steers
In fact, the recent purchase by Robert Steers was the biggest purchase of Cohen & Steers shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$71.51 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Cohen & Steers insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Robert Steers.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
View our latest analysis for Cohen & Steers
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Cohen & Steers insiders own 46% of the company, worth about US$1.7b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Cohen & Steers Insiders?
The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Cohen & Steers. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Cohen & Steers. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Cohen & Steers.
Of course Cohen & Steers may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.