Victory Capital Management Inc. Sells 489,426 Shares of Cohen & Steers, Inc. (NYSE:CNS)

Victory Capital Management Inc. lessened its position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 30.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,119,880 shares of the asset manager's stock after selling 489,426 shares during the period. Victory Capital Management Inc. owned approximately 2.21% of Cohen & Steers worth $103,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Cohen & Steers by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,433 shares of the asset manager's stock worth $92,749,000 after purchasing an additional 52,846 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Cohen & Steers by 1,460.1% during the 4th quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager's stock worth $9,232,000 after buying an additional 93,566 shares in the last quarter. Versor Investments LP bought a new stake in shares of Cohen & Steers during the 4th quarter worth $357,000. Illinois Municipal Retirement Fund boosted its stake in Cohen & Steers by 7.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 14,757 shares of the asset manager's stock valued at $1,363,000 after buying an additional 1,074 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Cohen & Steers in the fourth quarter valued at about $1,187,000. Institutional investors and hedge funds own 51.47% of the company's stock.

Remove Ads

Cohen & Steers Stock Up 1.4 %

Shares of CNS stock traded up $1.20 on Friday, reaching $87.23. The company had a trading volume of 241,702 shares, compared to its average volume of 204,518. The business's 50-day moving average is $87.68 and its 200 day moving average is $93.45. Cohen & Steers, Inc. has a one year low of $64.13 and a one year high of $110.67. The stock has a market capitalization of $4.45 billion, a PE ratio of 29.37 and a beta of 1.55.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The asset manager reported $0.78 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 disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, March 3rd will be 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 is Monday, March 3rd. This represents a $2.48 annualized dividend and a dividend yield of 2.84%. Cohen & Steers's dividend payout ratio (DPR) is 83.50%.

Cohen & Steers Company 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.