Connor Clark & Lunn Investment Management Ltd. bought a new stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,482 shares of the asset manager's stock, valued at approximately $414,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CNS. Raymond James Financial Inc. bought a new position in Cohen & Steers in the fourth quarter valued at $44,737,000. Lord Abbett & CO. LLC acquired a new position in shares of Cohen & Steers during the 3rd quarter worth about $23,988,000. Congress Asset Management Co. grew its holdings in shares of Cohen & Steers by 22.0% in the 4th quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager's stock valued at $48,763,000 after acquiring an additional 95,185 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Cohen & Steers by 1,460.1% in the fourth quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager's stock valued at $9,232,000 after acquiring an additional 93,566 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Cohen & Steers by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager's stock worth $92,749,000 after acquiring an additional 52,846 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors and hedge funds.
Cohen & Steers Stock Performance
NYSE CNS traded down $0.32 during trading hours on Tuesday, hitting $80.66. 44,961 shares of the company traded hands, compared to its average volume of 216,527. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 27.16 and a beta of 1.55. Cohen & Steers, Inc. has a twelve month low of $64.13 and a twelve month high of $110.67. The business's 50-day moving average is $85.30 and its 200-day moving average is $92.86.
Cohen & Steers (NYSE:CNS - Get Free Report) last released its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.07%. This is a boost from Cohen & Steers's previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. Cohen & Steers's payout ratio is 83.50%.
Cohen & Steers Company 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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