Nicholas Company Inc. Decreases Stock Position in Cohen & Steers, Inc. (NYSE:CNS)

Nicholas Company Inc. lessened its stake in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 7.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 164,593 shares of the asset manager's stock after selling 12,307 shares during the period. Nicholas Company Inc. owned about 0.33% of Cohen & Steers worth $15,199,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in Cohen & Steers in the third quarter valued at approximately $32,000. GAMMA Investing LLC boosted its holdings in Cohen & Steers by 19.5% during the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock worth $67,000 after purchasing an additional 119 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Cohen & Steers during the 4th quarter valued at $73,000. KBC Group NV purchased a new position in Cohen & Steers in the third quarter valued at approximately $106,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Cohen & Steers in the third quarter worth about $211,000. Institutional investors and hedge funds own 51.47% of the company's stock.

Cohen & Steers Stock Performance

NYSE CNS traded down $0.55 during trading hours on Thursday, hitting $78.89. The company had a trading volume of 180,403 shares, compared to its average volume of 220,312. The firm has a 50 day simple moving average of $85.72 and a 200 day simple moving average of $93.01. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 26.56 and a beta of 1.55. Cohen & Steers, Inc. has a 52 week low of $64.13 and a 52 week high of $110.67.

Remove Ads

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its 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 return on equity of 33.13% and a net margin of 29.24%.

Cohen & Steers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a $0.62 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 3.14%. Cohen & Steers's 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.