ExodusPoint Capital Management LP Acquires 27,332 Shares of Cohen & Steers, Inc. (NYSE:CNS)

ExodusPoint Capital Management LP increased its holdings in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 385.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,426 shares of the asset manager's stock after purchasing an additional 27,332 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.07% of Cohen & Steers worth $3,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Westside Investment Management Inc. bought a new stake in shares of Cohen & Steers during the 3rd quarter valued at about $32,000. GAMMA Investing LLC boosted its position 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 acquiring an additional 119 shares in the last quarter. R Squared Ltd purchased a new position in shares of Cohen & Steers during the 4th quarter worth approximately $73,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Cohen & Steers in the 4th quarter valued at approximately $101,000. Finally, KBC Group NV boosted its position in shares of Cohen & Steers by 27.4% during the fourth quarter. KBC Group NV now owns 1,412 shares of the asset manager's stock valued at $130,000 after purchasing an additional 304 shares in the last quarter. 51.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Evercore ISI lowered their price objective on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating for the company in a research report on Friday.

Cohen & Steers Trading Down 0.5 %

CNS traded down $0.35 during midday trading on Friday, reaching $73.40. The company's stock had a trading volume of 217,969 shares, compared to its average volume of 236,074. Cohen & Steers, Inc. has a 1 year low of $64.13 and a 1 year high of $110.67. The stock's 50-day moving average is $81.67 and its 200-day moving average is $91.09. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 24.71 and a beta of 1.46.

Cohen & Steers (NYSE:CNS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share 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 declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were paid a $0.62 dividend. This is a boost from Cohen & Steers's previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.48 dividend on an annualized basis and a yield of 3.38%. Cohen & Steers's payout ratio is presently 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.