KLP Kapitalforvaltning AS Makes New Investment in Cohen & Steers, Inc. (NYSE:CNS)

KLP Kapitalforvaltning AS bought a new stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,800 shares of the asset manager's stock, valued at approximately $536,000.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Cohen & Steers during the fourth quarter valued at about $44,737,000. Lord Abbett & CO. LLC acquired a new position in Cohen & Steers during the 3rd quarter valued at about $23,988,000. Congress Asset Management Co. boosted its stake in Cohen & Steers by 22.0% during the 4th quarter. Congress Asset Management Co. now owns 528,082 shares of the asset manager's stock valued at $48,763,000 after purchasing an additional 95,185 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Cohen & Steers by 1,460.1% during the 4th quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager's stock worth $9,232,000 after purchasing an additional 93,566 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Cohen & Steers by 5.6% in 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 purchasing an additional 52,846 shares during the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Trading Down 4.4 %

Shares of NYSE:CNS traded down $3.23 during mid-day trading on Tuesday, hitting $70.07. 223,167 shares of the company traded hands, compared to its average volume of 233,755. The stock has a 50-day moving average price of $82.68 and a two-hundred day moving average price of $91.64. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67. The stock has a market cap of $3.57 billion, a P/E ratio of 23.59 and a beta of 1.46.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.02). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%.

Cohen & Steers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.54%. This is an increase from Cohen & Steers's previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. Cohen & Steers's dividend payout ratio is presently 83.50%.

Cohen & Steers Company Profile

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.