Oppenheimer Asset Management Inc. Has $2.20 Million Stock Holdings in Cohen & Steers, Inc. (NYSE:CNS)

Oppenheimer Asset Management Inc. cut its holdings in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 36.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,866 shares of the asset manager's stock after selling 13,504 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Cohen & Steers were worth $2,204,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new stake in shares of Cohen & Steers in the 3rd quarter valued at approximately $31,000. Westside Investment Management Inc. acquired a new stake in Cohen & Steers in the third quarter worth $32,000. GAMMA Investing LLC raised its holdings in Cohen & Steers by 19.5% in 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 period. R Squared Ltd bought a new position in shares of Cohen & Steers during the fourth quarter worth $73,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Cohen & Steers by 16.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager's stock valued at $79,000 after buying an additional 119 shares during the period. Institutional investors and hedge funds own 51.47% of the company's stock.

Cohen & Steers Stock Performance

CNS stock traded down $2.05 during mid-day trading on Monday, hitting $85.35. 208,007 shares of the company were exchanged, compared to its average volume of 193,750. Cohen & Steers, Inc. has a 1-year low of $64.13 and a 1-year high of $110.67. The firm's 50 day simple moving average is $88.55 and its 200 day simple moving average is $93.51. The firm has a market cap of $4.35 billion, a P/E ratio of 28.74 and a beta of 1.56.

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 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 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. The ex-dividend date is Monday, March 3rd. This is an increase 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 2.91%. Cohen & Steers's dividend payout ratio (DPR) is presently 83.50%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI lifted their target price on Cohen & Steers from $110.00 to $111.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th.

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.