Connor Clark & Lunn Investment Management Ltd. bought a new position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,482 shares of the asset manager's stock, valued at approximately $414,000.
Several other institutional investors and hedge funds also recently made changes to their positions in CNS. Inspire Advisors LLC grew its holdings in shares of Cohen & Steers by 3.3% in the fourth quarter. Inspire Advisors LLC now owns 11,207 shares of the asset manager's stock valued at $1,035,000 after acquiring an additional 357 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Cohen & Steers by 15.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,500 shares of the asset manager's stock valued at $877,000 after purchasing an additional 1,293 shares during the period. AlphaQuest LLC bought a new position in Cohen & Steers during the fourth quarter valued at about $706,000. Pillar Financial Advisors LLC bought a new position in Cohen & Steers during the fourth quarter valued at about $575,000. Finally, Raymond James Financial Inc. purchased a new stake in Cohen & Steers during the fourth quarter worth about $44,737,000. Hedge funds and other institutional investors own 51.47% of the company's stock.
Cohen & Steers Stock Performance
CNS traded down $0.74 during midday trading on Thursday, reaching $79.95. The company had a trading volume of 135,804 shares, compared to its average volume of 217,069. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67. The business has a 50-day moving average price of $85.07 and a two-hundred day moving average price of $92.73. The stock has a market cap of $4.08 billion, a PE ratio of 26.92 and a beta of 1.55.
Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02). Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%.
Cohen & Steers Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a $0.62 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.48 annualized dividend and a yield of 3.10%. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.59. Cohen & Steers's dividend payout ratio (DPR) is 83.50%.
Cohen & Steers Profile
(
Free Report)
Cohen & Steers, Inc is a holding company which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.
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