Pillar Financial Advisors LLC Invests $575,000 in Cohen & Steers, Inc. (NYSE:CNS)

Pillar Financial Advisors LLC purchased a new position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,227 shares of the asset manager's stock, valued at approximately $575,000. Cohen & Steers makes up approximately 0.4% of Pillar Financial Advisors LLC's portfolio, making the stock its 26th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CNS. Raymond James Financial Inc. purchased a new stake in Cohen & Steers during the 4th quarter worth approximately $44,737,000. Charles Schwab Investment Management Inc. increased its holdings in Cohen & Steers by 5.6% during the 4th 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. 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 during the last quarter. Versor Investments LP purchased a new stake in Cohen & Steers during the 4th quarter worth approximately $357,000. Finally, Illinois Municipal Retirement Fund increased its holdings in Cohen & Steers by 7.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 14,757 shares of the asset manager's stock worth $1,363,000 after purchasing an additional 1,074 shares during the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

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Cohen & Steers Trading Up 1.4 %

CNS stock traded up $1.20 during midday trading on Friday, hitting $87.23. 241,702 shares of the company's stock were exchanged, compared to its average volume of 204,518. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 29.37 and a beta of 1.55. The firm has a 50 day moving average price of $87.68 and a 200-day moving average price of $93.51.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates 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 will be paid on Thursday, March 13th. Investors of record on Monday, March 3rd will be paid a dividend of $0.62 per share. This is an increase from Cohen & Steers's previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Monday, March 3rd. Cohen & Steers's dividend payout ratio is presently 83.50%.

Cohen & Steers 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.