Fisher Asset Management LLC lifted its stake in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 1,460.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 99,974 shares of the asset manager's stock after acquiring an additional 93,566 shares during the period. Fisher Asset Management LLC owned 0.20% of Cohen & Steers worth $9,232,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in Cohen & Steers during the 3rd quarter valued at $31,000. Westside Investment Management Inc. bought a new stake in Cohen & Steers during the 3rd quarter valued at $32,000. GAMMA Investing LLC increased its stake in Cohen & Steers by 19.5% during the 4th quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock valued at $67,000 after purchasing an additional 119 shares in the last quarter. R Squared Ltd bought a new stake in Cohen & Steers during the 4th quarter valued at $73,000. Finally, Farther Finance Advisors LLC increased its stake in Cohen & Steers by 16.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager's stock valued at $79,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 51.47% of the company's stock.
Cohen & Steers Stock Up 1.4 %
CNS stock traded up $1.20 during midday trading on Friday, reaching $87.23. 241,702 shares of the company's stock traded hands, compared to its average volume of 204,518. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 29.37 and a beta of 1.55. The firm's fifty day moving average price is $87.80 and its 200-day moving average price is $93.37. Cohen & Steers, Inc. has a 52 week low of $64.13 and a 52 week 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 return on equity of 33.13% and a net margin of 29.24%.
Cohen & Steers Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd will be paid a $0.62 dividend. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.48 annualized dividend and a dividend yield of 2.84%. Cohen & Steers's dividend payout ratio is presently 83.50%.
Cohen & Steers Profile
(
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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