Bryce Point Capital LLC purchased a new position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,720 shares of the asset manager's stock, valued at approximately $528,000.
A number of other large investors have also bought and sold shares of CNS. Raymond James Financial Inc. bought a new position in shares of Cohen & Steers in the fourth quarter worth approximately $44,737,000. Norges Bank bought a new stake in Cohen & Steers in the 4th quarter worth $34,166,000. Lord Abbett & CO. LLC purchased a new position in shares of Cohen & Steers in the third quarter valued at about $23,988,000. Congress Asset Management Co. raised its stake in shares of Cohen & Steers by 22.0% during the fourth 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 during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Cohen & Steers by 1,460.1% during the fourth 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 period. 51.47% of the stock is owned by hedge funds and other institutional investors.
Cohen & Steers Price Performance
NYSE:CNS traded up $6.87 during mid-day trading on Wednesday, reaching $77.11. 434,437 shares of the company's stock traded hands, compared to its average volume of 235,030. The company has a 50 day moving average price of $82.22 and a 200-day moving average price of $91.41. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 25.96 and a beta of 1.46. Cohen & Steers, Inc. has a 12-month low of $64.13 and a 12-month high of $110.67.
Cohen & Steers (NYSE:CNS - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (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 announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.62 per share. This is an increase from Cohen & Steers's previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.22%. Cohen & Steers's dividend payout ratio is 83.50%.
About Cohen & Steers
(
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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