Congress Wealth Management LLC DE Acquires 5,006 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Congress Wealth Management LLC DE lifted its position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,075 shares of the asset manager's stock after acquiring an additional 5,006 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.17% of Cohen & Steers worth $7,948,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CNS. State Street Corp raised its holdings in Cohen & Steers by 0.8% during the 3rd quarter. State Street Corp now owns 1,098,165 shares of the asset manager's stock worth $105,369,000 after purchasing an additional 8,774 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Cohen & Steers by 21.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,391 shares of the asset manager's stock worth $1,810,000 after buying an additional 3,366 shares during the period. Principal Financial Group Inc. raised its stake in shares of Cohen & Steers by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 130,825 shares of the asset manager's stock worth $12,080,000 after buying an additional 3,835 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Cohen & Steers by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager's stock valued at $91,305,000 after buying an additional 52,103 shares during the period. Finally, Pillar Financial Advisors LLC bought a new position in Cohen & Steers in the fourth quarter valued at approximately $575,000. Institutional investors and hedge funds own 51.47% of the company's stock.

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Cohen & Steers Stock Performance

CNS traded down $1.33 during trading on Friday, reaching $78.65. 129,518 shares of the company's stock were exchanged, compared to its average volume of 229,921. The company's fifty day moving average price is $84.72 and its 200-day moving average price is $92.63. The firm has a market capitalization of $4.01 billion, a PE ratio of 26.48 and a beta of 1.55. Cohen & Steers, Inc. has a fifty-two week low of $64.13 and a fifty-two week high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 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 business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd were paid a $0.62 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from Cohen & Steers's previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.15%. Cohen & Steers's dividend payout ratio is 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.