Geode Capital Management LLC increased its position in shares of Cohen & Steers, Inc. (NYSE:CNS - Free Report) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 709,323 shares of the asset manager's stock after buying an additional 33,414 shares during the quarter. Geode Capital Management LLC owned about 1.40% of Cohen & Steers worth $68,071,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Cohen & Steers by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,176,861 shares of the asset manager's stock valued at $85,390,000 after buying an additional 35,905 shares during the last quarter. State Street Corp boosted its stake 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 valued at $105,369,000 after purchasing an additional 8,774 shares during the last quarter. Copeland Capital Management LLC increased its holdings in Cohen & Steers by 1.0% during the 3rd quarter. Copeland Capital Management LLC now owns 1,091,097 shares of the asset manager's stock worth $104,691,000 after purchasing an additional 10,420 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Cohen & Steers by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 951,587 shares of the asset manager's stock worth $91,305,000 after purchasing an additional 52,103 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Cohen & Steers by 20.9% in the second quarter. Bank of New York Mellon Corp now owns 646,835 shares of the asset manager's stock valued at $46,934,000 after purchasing an additional 111,649 shares in the last quarter. Institutional investors own 51.47% of the company's stock.
Cohen & Steers Stock Up 2.0 %
CNS stock traded up $1.82 during midday trading on Friday, hitting $92.49. The company's stock had a trading volume of 704,279 shares, compared to its average volume of 222,378. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 34.51 and a beta of 1.52. The stock's 50-day moving average price is $100.87 and its 200 day moving average price is $89.20. Cohen & Steers, Inc. has a 1 year low of $64.13 and a 1 year high of $110.67.
Cohen & Steers (NYSE:CNS - Get Free Report) last released its earnings results on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.03. The company had revenue of $133.20 million for the quarter, compared to analysts' expectations of $124.18 million. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS.
Cohen & Steers Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Monday, November 18th. Cohen & Steers's dividend payout ratio is currently 88.06%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on CNS shares. Evercore ISI raised their price objective on Cohen & Steers from $110.00 to $111.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. UBS Group raised shares of Cohen & Steers from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $63.00 to $102.00 in a research report on Thursday, October 17th.
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Cohen & Steers Company Profile
(
Free Report)
Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.
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