Cohen & Steers, Inc. (NYSE:CNS) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its holdings in Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 276,810 shares of the asset manager's stock after selling 22,287 shares during the period. Gamco Investors INC. ET AL owned about 0.55% of Cohen & Steers worth $25,561,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CNS. State Street Corp boosted its position in Cohen & Steers by 0.8% during the 3rd quarter. State Street Corp now owns 1,098,165 shares of the asset manager's stock worth $105,369,000 after acquiring an additional 8,774 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Cohen & Steers by 21.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,391 shares of the asset manager's stock worth $1,810,000 after acquiring an additional 3,366 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Cohen & Steers by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 130,825 shares of the asset manager's stock worth $12,080,000 after purchasing an additional 3,835 shares in the last quarter. Norges Bank acquired a new stake in Cohen & Steers in the 4th quarter valued at about $34,166,000. Finally, Pillar Financial Advisors LLC bought a new stake in shares of Cohen & Steers in the fourth quarter valued at about $575,000. Institutional investors and hedge funds own 51.47% of the company's stock.

Cohen & Steers Price Performance

Cohen & Steers stock traded up $0.50 during mid-day trading on Friday, hitting $74.39. The company's stock had a trading volume of 335,800 shares, compared to its average volume of 237,258. The business has a 50 day moving average price of $80.32 and a 200-day moving average price of $90.40. Cohen & Steers, Inc. has a 12 month low of $67.09 and a 12 month high of $110.67. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 25.05 and a beta of 1.46.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The asset manager reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.01). The firm had revenue of $133.79 million for the quarter, compared to analysts' expectations of $130.64 million. Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%. During the same period in the prior year, the firm posted $0.68 earnings per share.

Cohen & Steers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.33%. The ex-dividend date was Monday, March 3rd. This is an increase from Cohen & Steers's previous quarterly dividend of $0.59. Cohen & Steers's payout ratio is currently 83.50%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI reduced their price target on Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th.

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.