EFG Asset Management North America Corp. Purchases 32,228 Shares of Cohen & Steers, Inc. (NYSE:CNS)

EFG Asset Management North America Corp. lifted its position in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 169.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,226 shares of the asset manager's stock after acquiring an additional 32,228 shares during the period. EFG Asset Management North America Corp. owned approximately 0.10% of Cohen & Steers worth $4,737,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in shares of Cohen & Steers during the 3rd quarter worth approximately $32,000. GAMMA Investing LLC raised its position in shares of Cohen & Steers by 19.5% in the 4th quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock valued at $67,000 after buying an additional 119 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Cohen & Steers in the 4th quarter valued at $73,000. Harvest Fund Management Co. Ltd bought a new position in shares of Cohen & Steers in the 4th quarter valued at $101,000. Finally, KBC Group NV raised its stake in Cohen & Steers by 27.4% during the fourth quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock worth $130,000 after acquiring an additional 304 shares in the last quarter. Institutional investors and hedge funds own 51.47% of the company's stock.

Cohen & Steers Price Performance

NYSE CNS traded down $1.33 during trading hours on Friday, reaching $78.65. The company's stock had a trading volume of 129,518 shares, compared to its average volume of 229,921. The stock has a market cap of $4.01 billion, a P/E ratio of 26.48 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. The firm has a fifty day simple moving average of $84.72 and a 200-day simple moving average of $92.61.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were given a $0.62 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.48 annualized dividend and a yield of 3.15%. This is a boost from Cohen & Steers's previous quarterly dividend of $0.59. Cohen & Steers's payout ratio is currently 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.