Charles Schwab Investment Management Inc. Acquires 52,103 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Charles Schwab Investment Management Inc. boosted its holdings in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 951,587 shares of the asset manager's stock after purchasing an additional 52,103 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.88% of Cohen & Steers worth $91,305,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC grew its position in shares of Cohen & Steers by 23.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 5,309 shares of the asset manager's stock worth $408,000 after acquiring an additional 1,019 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Cohen & Steers by 10.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 9,400 shares of the asset manager's stock valued at $723,000 after buying an additional 883 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Cohen & Steers by 6.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,220 shares of the asset manager's stock worth $1,248,000 after acquiring an additional 941 shares during the period. Silvercrest Asset Management Group LLC acquired a new stake in Cohen & Steers in the 1st quarter valued at about $5,193,000. Finally, GAMMA Investing LLC grew its stake in shares of Cohen & Steers by 115.1% in the 2nd quarter. GAMMA Investing LLC now owns 370 shares of the asset manager's stock worth $27,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 51.47% of the company's stock.

Wall Street Analyst Weigh In

CNS has been the subject of several research reports. Evercore ISI raised their price objective on Cohen & Steers from $110.00 to $111.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. UBS Group upgraded shares of Cohen & Steers from a "sell" rating to a "neutral" rating and upped their price target for the company from $63.00 to $102.00 in a research report on Thursday, October 17th.

Cohen & Steers Stock Performance

Shares of NYSE CNS traded up $0.14 during mid-day trading on Wednesday, reaching $106.74. The company had a trading volume of 24,127 shares, compared to its average volume of 221,860. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 39.78 and a beta of 1.53. The stock has a fifty day moving average of $98.70 and a two-hundred day moving average of $85.48. Cohen & Steers, Inc. has a 12-month low of $56.28 and a 12-month high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its earnings results on Wednesday, October 16th. The asset manager reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.03. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%. The company had revenue of $133.20 million during the quarter, compared to analyst estimates of $124.18 million. During the same quarter last year, the business posted $0.70 EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis.

Cohen & Steers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $0.59 per share. The ex-dividend date is Monday, November 18th. This represents a $2.36 annualized dividend and a dividend yield of 2.21%. Cohen & Steers's dividend payout ratio is 88.06%.

About Cohen & Steers

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.